Condo Insurance in Miami & Doral, FL

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Florida SB 4-D Alert

Florida's milestone inspection and reserve funding requirements are now in effect. Condo associations across Miami-Dade are levying special assessments of $5,000 to $150,000+ per unit. A loss assessment endorsement on your condo policy can help cover your share. Ask us about it.

What Condo Insurance Covers

Your HOA Covers the Building. You Cover Everything Inside.

Most condo owners assume their association's master policy covers them. It does not. The HOA policy protects the structure, the roof, and the common areas. The moment you step inside your unit, you are on your own.

A unit owner policy (HO-6) covers your personal property, interior walls and fixtures, any upgrades you have made to the unit, your personal liability, and — critically in today's Florida market — loss assessment coverage for special assessments passed by your association.

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Coverage Breakdown

What a Florida HO-6 Condo Policy Includes

Personal Property

Your furniture, clothing, electronics, and valuables are not covered by the HOA. An HO-6 policy protects them against fire, theft, water damage, and other covered perils.

Interior Structure & Upgrades

Flooring, cabinetry, countertops, built-ins, and any renovations you have done to the unit. If the master policy covers walls-out, yours covers walls-in.

Personal Liability

If someone is injured inside your unit or you accidentally damage a neighbor's unit (a pipe leak, for example), your personal liability coverage handles the legal and repair costs.

Loss Assessment Coverage

This is the coverage most Miami condo owners are asking about right now. It pays your share of association-levied assessments after a covered loss or structural event, up to your policy limit.

Loss of Use

If a covered event makes your unit uninhabitable, loss of use coverage pays for hotel stays and additional living expenses while repairs are made.

Flood Coverage (Separate)

Standard condo policies do not cover flooding. In Miami-Dade's many flood zones, a separate flood policy through NFIP or a private carrier is essential and often required by lenders.

Florida SB 4-D Explained

The Law That Changed Condo Ownership in Florida

In the wake of the 2021 Surfside collapse, Florida passed Senate Bill 4-D requiring all condo buildings three stories or higher to complete milestone structural inspections and maintain fully funded reserves for critical structural components.

The result: associations that had been waiving reserve contributions for years are now required to fund them fully. Many are collecting those funds through one-time special assessments that are landing in owners' mailboxes right now.

We have helped condo owners across Miami-Dade review their policies and add loss assessment coverage before the bills arrive. The time to do it is before the assessment, not after.

Read Our Full SB 4-D Guide

Who Needs It

If You Own or Rent a Condo in Florida, the Answer Is You.

Whether you own the unit outright, carry a mortgage, or are renting a condo from a landlord, you need coverage. Mortgage lenders typically require an HO-6 policy as a condition of the loan. Landlords often require renters insurance. And any condo owner without loss assessment coverage in today's Florida market is taking a real financial risk.

The average condo special assessment in South Florida since SB 4-D took effect has been well over $20,000. Most people do not have that sitting in a savings account. Loss assessment coverage can be added to most HO-6 policies for a small annual premium.

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Common Questions

Florida Condo Insurance FAQs

Does my HOA master policy cover my condo unit?+

Your HOA's master policy covers the building structure and common areas. It does not cover your personal belongings, interior fixtures, improvements, or personal liability inside your unit. That is what a unit owner HO-6 policy is for.

What is Florida SB 4-D and how does it affect my condo insurance?+

SB 4-D (2022) requires milestone structural inspections and fully funded reserves for condo buildings three stories and higher. Many associations are now passing special assessments ranging from $5,000 to over $150,000 per unit. A loss assessment endorsement on your condo policy can help cover your share of certain costs.

What is loss assessment coverage and do I need it?+

Loss assessment coverage pays your share of certain assessments levied by your condo association after a covered loss or structural event. Given Florida's new reserve requirements and the wave of special assessments hitting condo owners across Miami-Dade, this coverage is more critical right now than it has ever been.

How much does condo insurance cost in Miami?+

Condo insurance in the Miami area typically ranges from $800 to $2,500 per year depending on the value of your contents, the age of the building, your unit's floor and location, and the limits you choose. As an independent agency, we compare multiple carriers to find the best rate for your specific building and unit.