Condo Insurance in Washington, DC

Experts break down condo insurance costs, coverage, companies and more in Washington, DC.

Written by Sara East
Written by Sara East

Insurance doesn’t have to be boring. That’s why we hired Sara East to be our BA insurance writer. Maggie specializes in making mundane subjects hella-entertaining.

Reviewer: Jeffrey Green Reviewed by Jeffrey Green
Reviewer: Jeffrey Green
Reviewed by Jeffrey Green

Jeff Green has held a variety of sales and management roles at life insurance companies, Wall street firms, and distribution organizations over his 40-year career.  He was previously Finra 7,24,66 registered and held life insurance licenses in multiple states. He is a graduate of Stony Brook University.

Modern condominium buildings in downtown of Washington DC. Find Washington DC condo insurance.

There are nearly 150 condo buildings spread across multiple neighborhoods in Washington, DC, and whether you rent or own your condo, you've no doubt invested a lot in your home. Condo insurance helps you protect your investment without compromising your budget.

With many condo insurance options, it's best to work with a local independent insurance agent. Agents are familiar with any laws and regulations regarding condominiums and can answer your questions to help you secure a comprehensive policy.

What Is Condo Insurance?

Condo insurance, or H06 insurance, is a set of coverages that protect you against any potential risks you may face as a condominium owner. This includes liability claims, property damage, and temporary removal from your condo. 

Condo insurance is different from homeowners insurance in that it only covers the inside of your unit. When you live in a condo, you will have a homeowners association, referred to as the HOA, and it has separate insurance obligations. 

The HOA master policy is designed to cover the external areas and any shared walls you may have with a neighbor. Condo insurance is designed for the condo owner and protects everything within your unit walls. 

What Does Condo Insurance Cover in Washington, DC?

The basic policies in condo insurance in Washington, DC will cover several catastrophic events and third-party injury and property damage risks. This includes damage from:

  • Fire
  • Wind and hail
  • Severe storms
  • Tornadoes
  • Theft and vandalism
  • Third-party injuries and property damage

These events and more are covered through the following policies.

  • Liability insurance: Includes slips and falls, dog bites, libel, slander, and if someone else's property is damaged within your condo.
  • Personal property coverage: Includes furniture, flooring, rugs, technology, fixtures, and your personal property within the condo.
  • Loss of use coverage: Includes coverage for temporary housing, meals, and other costs if you're displaced from your condo after one of the events above.

It's important to understand what is covered by the HOA master policy, as some policies cover built-in appliances and others do not. If the master policy does not cover the appliances, you'll want to add that coverage to your policy with your insurance agent.


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Does Washington, DC Condo Insurance Cover Floods?

Flooding is a unique coverage for homeowners because it is not included in basic condo insurance or even homeowners insurance policies. Flood insurance can only be purchased on its own, either through the National Flood Insurance Program or a private seller. In either case, you'll need a certified insurance provider to help you purchase it. 

In addition to damage from natural floodwaters, condo insurance also excludes:

  • Earthquakes and mudslides
  • Insect infestation
  • General wear and tear
  • Damage from nuclear war

Your agent can help you determine your coverages and fill any gaps that may exist in your policy.

Do You Need Insurance for Your Condo in Washington, DC?

Washington, DC does not mandate condo insurance for owners, but there are a few circumstances where you may be required to purchase it.

  • If you have a mortgage on your condo, the lender will require insurance.
  • Some HOAs will require all tenants to carry some form of coverage.
  • If you're renting your condo, the owner may require coverage.

Even if it's not required, condo insurance is the only way to protect yourself from unforeseen events. Washington, DC experiences 23 disasters a year with hurricanes being the most common. On top of that, you never know when an accidental fire may spark or something else could result in significant damage to your home.

How Much Does Condo Insurance Cost in Washington, DC?

Washington DC has considerably less expensive condo insurance premiums compared to the national average. 

  • Average condo insurance cost in the US: $488 a year 
  • Average condo insurance cost in Washington DC: $367 a year

When pricing your premium, insurance carriers will take multiple things into consideration. All of the following factors help a company determine the risk of insuring your condo.

  • Condo location, size, and value
  • Who are the Best Condo Insurance Companies in Washington, DC? 
  • The value of your personal belongings
  • If you have updated safety features installed
  • Whether you own pets
  • The type and amount of coverage
  • Your deductible
  • Local crime rates and potential for hazardous weather

There are a variety of ways to save money on your premium. A good rule of thumb is to compare multiple quotes so you can be sure you're getting the best price. An independent insurance agent will help you compare prices between carriers.

What are the Best Condo Insurance Companies in Washington DC? 

A multitude of insurance companies in Washington, DC offer condo insurance, which increases the importance of shopping policies. Getting quotes from multiple companies allows you to compare prices and find a policy with the best coverage at an affordable rate.

In addition to shopping multiple companies, you want a carrier that has a reputation for offering reliable coverage and is good to work with. Local independent insurance agents have worked with carriers in Washington, DC before and know who the top-rated companies are. They'll not only take on the hassle out of shopping quotes, but can also guide you in picking among the best condo insurance companies in Washington, DC.

Why Shop Condo Insurance with a Washington, DC Independent Insurance Agent?

Independent insurance agents in Washington, DC know how to navigate condo insurance and companies. They'll speak with you free of charge to learn about your needs and your budget. With that knowledge, they'll reach out to multiple carriers to get you the best condo insurance quotes in Washington, DC.

Agents are also there for you after you've purchased a policy. Should a fire take place or a friend get injured on your property, your agent will support and guide you in filing a claim and making sure you receive a payout in a timely manner.

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