Unclear line between policies
Some master policies cover original fixtures, others stop at bare walls. Your HO-6 has to match.
CONDO INSURANCE · HO-6
Walls in, covered.Gaps closed.
Condo insurance (HO-6) protects what you own inside your unit and works alongside your association’s master policy. We read the association documents so the two fit together.
Multiple carriersshopped for you
Since 2004insuring Chicagoland
One officefor tax and insurance
Who it is for
The master policy ends somewhere.Your HO-6 starts right there.
Special assessments
After a building claim, the association can assess owners for its deductible or a shortfall.
Water from the unit above
Leaks between units are common condo claims, and water deductibles can be higher than you expect.
Coverages
Inside your unit.
Every policy is fitted to what you own and how you live or work, then reviewed with you each year.
Walls-in and unit coverage
Improvements, betterments and fixtures inside your unit, matched to the master policy.
Personal property
Furniture, electronics and clothing, with help building a realistic inventory for claims.
Loss assessment
Helps pay your share when the association assesses owners after a building loss.
Personal liability
Applies if someone is injured in your unit or you are responsible for damage to others.
Loss of use
Helps with temporary living costs if a covered loss makes your unit unlivable.
Deductibles and special deductibles
Water, wind and other special deductibles reviewed against the premium tradeoff.
How it works
From first call to coverage.
- Step 1Share your documentsSend the declaration or bylaws and the master policy summary if you have it.
- Step 2We map the gapWe identify where association coverage ends and your coverage needs to begin.
- Step 3We shop your HO-6We compare options from the carriers we represent for walls-in, contents and liability.
- Step 4Stay currentCall us when you renovate, rent the unit out or the association changes its policy.
The Ozfield difference
One office for the unit.And the return it lands on.
Most people use one company for taxes, another for books and a third for insurance. With Ozfield, one team sees it all, so nothing gets lost between offices.
Renting your condo outRent it out and we adjust the policy and report the income on Schedule E.Condo owners abroadOwn a Chicago condo from overseas? We handle the policy and U.S. filings.Clean rental booksAssessments, HOA dues and repairs tracked in your books for tax time.Real estate ownersCoverage and accounting for owners of one unit or many.
Mr. Orkun and his team are very professional. I highly recommend this place for insurance and tax returns.
FAQs
Good questions.
Something else on your mind? Call 773-536-9272 and our office will walk you through it.
What is the difference between my HO-6 and the master policy?
The association’s master policy covers the building and common areas. Your HO-6 covers your belongings, your liability and, depending on the association documents, the interior of your unit.
What is loss assessment coverage?
If the association charges owners for a building loss, such as its deductible, loss assessment coverage can help pay your share up to your limit.
Do I need condo insurance if the association has a master policy?
For most owners, yes. The master policy generally leaves out your belongings and personal liability, and mortgage lenders usually require an HO-6.
I rent my condo to a tenant. Does my policy change?
Usually, yes. A rented unit often needs a landlord-style condo policy. Tell us before the lease starts and we will adjust your coverage.
Let’s match your HO-6 to the building.
Request a quote online or call 773-536-9272 and have your association documents handy.