Indiana Condo Insurance

Condo insurance in Indiana, also called an HO6 policy, is a walls-in policy that protects the walls of your condo and many things that reside inside them, like your electronics, appliances and even clothes.

The best way to find the cheapest policy in the Hoosier State is to get a quote with Clovered. We compare multiple policies and prices to find an Indiana condo insurance policy that fits your coverage needs and your budget.

☘ Since it’s a walls-in policy, meaning only what’s inside the four walls of a condo are typically covered, an HO6 begins with coverage for personal belongings. This helps to protect items you keep inside your home, such as clothing, computers, furniture and TVs. Since condo owners don’t own the property outside their unit, belongings that are permanently kept outdoors may not be covered.

☘ If a peril occurs that damages or destroys your condo, causing you to temporarily move out, loss of use can help to cover monthly rent at an equivalent home, storage fees, pet boarding and many other expenses you wouldn’t have incurred had you been living in your unit. Since your neighbors may not be as careful as you, loss of use is pivotal in protecting your wellbeing. 

☘ If an accident occurs to a guest in your condo unit and you’re deemed liable, personal liability coverage can step in and help pay for medical bills and legal expenses for major incidents like dog bites, broken bones or even accidental death. For condo owners, personal liability is typically the highest amount of coverage you’ll maintain.

☘ MedPay, as it’s often called, is similar to personal liability in that it covers injuries that occur on your property. But with medical payments coverage, only medical bills for minor injuries will be paid — no matter whether you’re at fault or not.

☘ If the condo’s master HOA policy maximums don’t pay for significant damages or incidents, each owner will have to pay a special assessment. This add-on protects policyholders from paying significant special assessment fees handed down by the condo complex.

☘ Condo insurance is a walls-in policy, so you don’t have to protect the building’s structure. But building property protection protects the walls and interior of your condo unit if they’re damaged or destroyed by a covered peril, which is important since you may have many neighbors.

The average condo insurance cost in Indiana is only about $30 per month. That’s far cheaper than the national average and about 10 times cheaper than a homeowners policy. It’s no wonder why people love buying condos in the state.

There are a multitude of factors that play an important part in the cost of condo insurance in Indiana. Such things as coverage limits, the price of your condo and the dollar amount of belongings you have are all important in determining the average cost of condo insurance in Indiana.

Our intuitive online quoting tool makes finding condo insurance in Indiana a breeze. Simply fill in your address and let us do all the hard work. After you secure a policy, our team of licensed agents is always there working with you.