Massachusetts has approximately ~360,000 condo units. Average HO-6 (condo) insurance premium is $540/yr, or $36-$62/month. The dominant HOA master policy type is "Single entity", and we recommend at least $60,000 recommended in loss assessment coverage.
Avg HO-6 Premium
$540/yr
$36-$62/month
Master Policy Type
Single entity
Determines what YOU need
Loss Assessment
$60,000 recommended
Recommended limit
| Topic | Detail | Notes |
|---|---|---|
| Condo unit inventory | ~360,000 condo units | Tracks the size of the local condo market |
| Master policy form prevalence | Single entity | Bare walls-in needs more individual coverage |
| Top HO-6 carriers | Amica, State Farm, Travelers, Liberty Mutual, USAA | Premiums vary 30%+ between carriers |
| Loss assessment recommendation | $60,000 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.
Massachusetts has the sixth-largest condo market in the United States, with a dense concentration of units in Boston, Cambridge, Somerville, and the surrounding metro area. The state's condo stock ranges from Victorian brownstone conversions in the South End and Back Bay to modern luxury high-rises in the Seaport District. Massachusetts General Laws Chapter 183A governs condominiums, and single entity master policies — covering original interior finishes — are the norm in newer Boston developments. The North Shore, South Shore, and Cape Cod feature seasonal and year-round coastal condo markets with significant Nor'easter exposure. Amica Mutual, headquartered in Providence, is a leading carrier in the Massachusetts market.
Massachusetts condo owners face among the highest construction costs in the nation — Boston restoration costs for historic units can reach $400–$600 per square foot. This makes accurate Coverage A limits on HO-6 policies critical; underinsurance is a common problem in brownstone conversions. Loss Assessment coverage of $60,000 is prudent for Boston buildings where elevator, HVAC, and building system claims can be substantial. Coastal condo owners on the South Shore, Nantucket, or Martha's Vineyard need separate flood insurance for storm-surge risk from Nor'easters. Ordinance-or-law endorsements are particularly important in Boston's historic brownstone districts where post-loss repairs must meet modern accessibility and energy codes.
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.
Massachusetts General Laws Chapter 183A governs condos; the MA condo statute requires HOAs to maintain insurance on common areas, and single entity policies are widespread; Boston's high-density market features some of the highest replacement costs in the Northeast.
💡 Massachusetts Pro Tip
Massachusetts HO-6 premiums average around $540 per year, or $36–$62 per month. Boston condos in Back Bay, Beacon Hill, or Seaport typically run $520–$750 annually. Coastal condos on the South Shore or Cape Cod can reach $700–$1,100 per year. Suburban Greater Boston condos are generally $420–$580 annually.
Massachusetts HOAs commonly use single entity master policies that cover the building and original interior finishes as installed. Your HO-6 covers improvements above the original spec, personal belongings, liability, and loss of use. In Boston's historic brownstones, original spec finishes (plaster walls, period trim) can themselves be expensive to replace — confirm whether the single entity master policy covers them adequately or whether you need additional Coverage A on your HO-6.
Standard Massachusetts HO-6 policies cover wind and snow damage from Nor'easters, including resulting ice dam and water intrusion damage. Storm-surge flooding is excluded and requires a separate NFIP or private flood policy. Coastal condos in Plymouth, Marshfield, or Cape Cod communities in FEMA flood zones should carry flood insurance as standard practice, and some lenders require it.
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.