Florida has approximately ~1,500,000 condo units. Average HO-6 (condo) insurance premium is $1,150/yr, or $82-$135/month. The dominant HOA master policy type is "Varies — check HOA", and we recommend at least $100,000 recommended in loss assessment coverage.
Avg HO-6 Premium
$1,150/yr
$82-$135/month
Master Policy Type
Varies — check HOA
Determines what YOU need
Loss Assessment
$100,000 recommended
Recommended limit
| Topic | Detail | Notes |
|---|---|---|
| Condo unit inventory | ~1,500,000 condo units | Tracks the size of the local condo market |
| Master policy form prevalence | Varies — check HOA | Bare walls-in needs more individual coverage |
| Top HO-6 carriers | Citizens Property Insurance, Universal Property, Heritage Property & Casualty, Tower Hill, USAA | Premiums vary 30%+ between carriers |
| Loss assessment recommendation | $100,000 recommended | Default $1K is dangerously low |
HO-6 premiums vary by master policy type, building age, deductible, and personal property coverage. Loss assessment claims have spiked since the Surfside 2021 collapse drove tighter inspection requirements in many states.
Florida has the largest condo market in the United States with over 1.5 million units, concentrated in Miami-Dade, Broward, Palm Beach, Pinellas, Hillsborough, and Sarasota counties. The 2021 Champlain Towers South collapse in Surfside prompted landmark structural safety legislation — SB-4D (2022) and SB-154 (2023) — requiring milestone structural inspections for buildings three stories or higher that are 30 years old (25 years for coastal buildings), as well as mandatory reserve funding for structural repairs. This has triggered substantial special assessments across Florida's older condo stock, some exceeding $100,000 per unit. Florida's insurance market has simultaneously hardened dramatically, with numerous carriers exiting the state, leaving Citizens Property Insurance as the insurer of last resort for many condo owners. Master policy types vary widely — post-Surfside due diligence on the HOA master policy form is essential.
Florida condo owners face a three-layer insurance challenge: HO-6 for interior and liability, the HOA master policy for the building, and — in most of the state — a separate flood policy. Loss Assessment coverage of $100,000 or more is strongly recommended given the frequency and size of post-storm and post-inspection special assessments. Florida Statutes §718.111 requires HOAs to maintain a master policy covering the building and all original improvements and alterations, but unit owners should confirm whether the policy is bare walls-in, single entity, or all-in. Named-storm wind deductibles on Florida properties are typically 2–5% of insured value — a significant potential out-of-pocket. With Citizens' clearinghouse depopulation program, many Florida condo owners are being moved to private carriers; review any new policy carefully for coverage changes.
Your HOA's master policy covers the building's structure and common areas. Your HO-6 covers everything not insured by the master — typically interior walls, floors, fixtures, personal property, liability, and loss assessments. The MASTER POLICY TYPE matters most: in a "bare walls-in" building, you're responsible for drywall inward.
If a covered loss exceeds the master policy limits or deductible, the HOA charges each unit owner a special assessment. Loss assessment coverage on your HO-6 reimburses you up to its limit. Default is usually $1,000 — but post-2021 Surfside collapse and Florida's SB-4D inspection law, $50,000+ is now recommended for older buildings.
Post-Surfside SB-4D (2022) and SB-154 (2023) require milestone structural inspections and reserve studies for condos 30+ years old; HOAs must fund reserves for structural repairs, directly affecting unit owner assessments.
💡 Florida Pro Tip
Florida HO-6 premiums average around $1,150 per year — among the highest in the nation — ranging from $82 to $135+ per month. South Florida (Miami, Fort Lauderdale, West Palm Beach) condos can run $1,400–$2,500 annually. Gulf Coast and Central Florida condos are typically $800–$1,300 per year. Post-SB-4D structural inspection requirements have also driven large special assessments that compound the total cost of Florida condo ownership.
Florida Statutes §718.111 requires HOA master policies to cover the condominium property, but the coverage form varies. Some Florida HOAs carry all-in policies covering original interior finishes; others carry bare walls-in policies covering only the structure. Your HO-6 fills the gap — covering improvements, personal belongings, liability, and loss of use — but the right amount of Coverage A depends entirely on the master policy type. Post-Surfside, the Florida Division of Condominiums recommends unit owners obtain and review the master policy declarations page annually.
Standard Florida HO-6 policies cover wind damage from hurricanes, but most carry a named-storm deductible of 2–5% of your Coverage A limit. Flood damage from storm surge is excluded and requires a separate NFIP or private flood insurance policy — critical for virtually all Florida coastal and inland waterway condos. If your building is in a FEMA Special Flood Hazard Area (SFHA), flood insurance is typically required by your mortgage lender. Review both your HO-6 and the HOA master policy for coverage limits and exclusions related to named storms.
Condo inventory and premium estimates from state insurance department filings and NAIC condo market data, May 2026. Always verify your HOA's master policy form before purchasing.
Michael Torres
Editorial Lead, Catastrophe & Commercial Property
This article was researched and written by the Cover Forge USA editorial team against federal sources (NAIC, CMS, FEMA, DOL, SSA, state DOIs) and standard policy forms. Bylines organize content by topic — they do not assert individual licensure. See our editorial-policy for details.
Reviewed May 2026
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This site provides general educational information only and is not a substitute for professional insurance advice. All rates, data, and coverage details are estimates and may not reflect your actual premiums. Insurance availability and pricing vary by state, insurer, and individual risk factors. Always consult a licensed insurance professional in your state before making coverage decisions.