Wyoming has approximately ~18,000 condo units. Average HO-6 (condo) insurance premium is $355/yr, or $23-$41/month. The dominant HOA master policy type is "Bare walls-in", and we recommend at least $30,000 recommended in loss assessment coverage.
Avg HO-6 Premium
$355/yr
$23-$41/month
Master Policy Type
Bare walls-in
Determines what YOU need
Loss Assessment
$30,000 recommended
Recommended limit
| Topic | Detail | Notes |
|---|---|---|
| Condo unit inventory | ~18,000 condo units | Tracks the size of the local condo market |
| Master policy form prevalence | Bare walls-in | Bare walls-in needs more individual coverage |
| Top HO-6 carriers | State Farm, Farmers, Allstate, USAA, Wyoming Farm Bureau | Premiums vary 30%+ between carriers |
| Loss assessment recommendation | $30,000 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.
Wyoming has the smallest condo market in the United States, with roughly 18,000 units. The market is highly bifurcated: Jackson Hole and Teton Village feature some of the most expensive resort condos in the country, while Cheyenne, Casper, Laramie, and Gillette have small, modest condo inventories. Jackson Hole resort condos — driven by proximity to Grand Teton National Park and one of America's premier ski resorts — carry very high replacement costs and are frequently used as short-term rental investment properties. Yellowstone's geothermal and seismic activity, while centered far from the population centers, creates background earthquake risk across the state. Winter severity — deep snow, extreme cold, and high-altitude conditions — drives claims in Jackson Hole and other mountain communities.
Wyoming condo owners in Jackson Hole face unique insurance challenges: high replacement costs, frequent short-term rental use that may not be covered by standard HO-6 policies, and limited local carrier competition. A rental endorsement or separate landlord policy is essential if the unit is rented on platforms like Airbnb or VRBO. Loss Assessment coverage of $30,000 is a floor; for Jackson Hole's larger luxury communities, $75,000–$100,000 may be more appropriate given high common-area values. Verify the master policy type and ensure Coverage A reflects Jackson Hole's extraordinary construction costs. Wyoming Farm Bureau serves the rural Wyoming market well. Earthquake endorsements — while not urgently needed in Cheyenne or Casper — are worth considering in areas near Yellowstone's caldera system.
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.
Wyoming has the smallest condo market in the US; Jackson Hole resort condos dominate the high-value segment; standard HO-6 excludes earthquake, relevant given Yellowstone's seismic history.
💡 Wyoming Pro Tip
Wyoming HO-6 premiums average around $355 per year for standard condos, or $23–$41 per month. However, Jackson Hole resort condos are a different market entirely — their high replacement values and rental-income exposure can drive premiums to $800–$1,500 per year or more. Cheyenne and Casper condos are among the most affordable in the nation at $300–$420 annually.
Wyoming HOAs typically use bare walls-in master policies covering only the structural shell. Your HO-6 covers the entire unit interior, personal property, liability, and additional living expenses. For Jackson Hole condos with luxury finishes and high replacement costs, setting the correct Coverage A limit is critical — underinsurance is a common problem in the resort market. If the unit is rented, confirm your policy covers rental use.
Standard Wyoming HO-6 policies cover wind, hail, and winter storm damage, including frozen pipe and snow load claims common in mountain communities. Earthquake damage is excluded — while Yellowstone seismic risk is a background concern rather than an imminent acute risk for most Wyoming condos, an earthquake endorsement is inexpensive and worth adding. Flood damage is excluded; condos near the Snake River in Jackson Hole should consider NFIP flood coverage.
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.