Owning a condo in Columbia, MD comes with significant responsibilities: there’s your own private space to maintain and protect, but also, shared spaces to consider.

Depending on your condo or association, you may get to relax on your own patio or balcony and also gather in shared courtyards or picnic areas.

These shared spaces carry their own rules and expectations, along with their own unique approaches to maintenance, upgrades, and insurance coverage.

Condo coverage can feel complicated, but, at HBW Insurance Group, we’re happy to help. Learn how outdoor spaces are covered and what it takes to protect the areas that make your condo extra comfortable. 

Types of Condo Coverage in Maryland

Understanding the role of condo insurance in protecting outdoor spaces begins with recognizing the different types of coverage for condo residents: the HO-6 policy and the master policy. With HO-6, individual residents gain protection for personal property, and, in some situations, improvements or property dedicated to personal patios. 

The master policy is largely handled by the condominium association. Its function is to protect the many building elements that all residents actively use or are otherwise impacted by: the sidewalks and elevators, for example, along with shared outdoor amenities. 

 

What Does This Mean for Outdoor Spaces?

Condo insurance policies vary greatly, as do the spaces they cover. Often, private patios and balconies fall under HO-6, while outdoor areas fall under the master policy. Because there can be some overlap between different types of outdoor spaces, it’s important to clarify what is (and isn’t) covered early on. Examine condo association governing documents and look closely into HO-6 policy options to find condo coverage that serves your best interests. 

Protect Your Condo With HBW Insurance Group

At HBW Insurance Group, we’re committed to helping you find coverage that works for your condo and your lifestyle. Serving Columbia, MD, we understand the unique insurance challenges that condo residents face — and we are prepared to handle coverage accordingly. Contact us today to learn about insurance options or to get a quote.