Homeowners insurance policies don't cover condo or co-op units. The building's master policy will cover the outer structure and common areas of a condo building, but it won't protect your personal belongings from damage or theft. For protection beyond the master policy, you'll need an HO-6 policy, also known as a condo insurance policy. An HO-6 is a specialized form of homeowners insurance for condo owners that provides coverage for eight specific perils: fire and lightning, windstorm or hail, explosion, riot or civil commotion, aircraft, vehicles not owned by residents, smoke, vandalism and malicious mischief, and glass breakage.

HO-6 (Homeowners 6) insurance is a mandatory requirement so you can protect your building, your belongings and yourself against claims of damage. All houses in US must have some form of homeowners insurance by law. This coverage also extends to additional structures such as garages or sheds. You can get it in the same policy with your coverage for personal property. For more detail, please refer to the info-graphic below.