Brickell Condo Insurance (HO-6) Buyer’s Guide — 2025 Edition
6 Min Read
Dec 1, 2025
🏢 Brickell Condo Insurance (HO-6) Buyer’s Guide — 2025 Edition
Updated December 2025 | by We Insure Downtown Miami
💡 Quick Summary
If you own a condo in Brickell or Downtown Miami, your association’s master policy doesn’t cover everything inside your unit.
You need an HO-6 policy to protect what’s yours — walls-in coverage, contents, and liability.
1️⃣ What HO-6 Condo Insurance Covers
A standard HO-6 policy includes:
Coverage Type | What It Protects | Typical Limit |
|---|---|---|
Dwelling (Walls-In) | Interior walls, fixtures, flooring | $25k–$100k |
Personal Property | Furniture, clothing, electronics | $30k–$100k |
Loss of Use | Hotel & expenses if your unit becomes unlivable | 20–30% of coverage |
Personal Liability | Injuries or damage to others | $100k–$500k |
Loss Assessment | Association-shared damage or deductibles | $2k–$50k |
🧠 Tip: check your condo docs for the phrase “walls-in vs bare walls” — it determines how much you need to insure.
2️⃣ What Your Association’s Policy Doesn’t Cover
Your condo association’s master policy usually covers:
Roof, exterior walls, hallways, and elevators
Common areas (pool, gym, lobby)
Liability for shared spaces
But it does not cover:
Your cabinetry, flooring, and drywall
Appliances or interior fixtures
Your personal belongings
Loss assessments (unless you add coverage)
That’s why lenders and associations require proof of HO-6 for mortgage approval.
3️⃣ Why Brickell & Downtown Condos Need Extra Protection
Condo owners in high-rise flood zones face additional risks:
Water intrusion between floors
Power loss causing equipment damage
Mandatory flood coverage for ground-floor units
In 2025, some carriers now require a flood endorsement even for upper floors.
We Insure can bundle HO-6 + flood + umbrella for complete protection.
4️⃣ How Much Does Condo Insurance Cost in Miami?
Property Type | Average Annual Premium (2025) | Factors |
|---|---|---|
Studio / 1BR | $800 – $1,200 | Floor level, deductible |
2BR | $1,000 – $1,800 | Value of personal property |
Penthouse / Luxury | $2,000+ | Custom finishes, high-value contents |
💬 Pro Tip: Combining condo + auto with the same carrier can reduce your rate by 10–20 %.
5️⃣ Flood & Loss Assessment Add-Ons
Flood Coverage (NFIP or Private)
Even if you’re above ground level, building claims can still assess flood losses to all owners.
Loss Assessment Coverage
If the association’s deductible is $100k, each owner could be billed thousands.
Adding a $25k loss assessment rider costs about $40 a year — easy win.
6️⃣ FAQ
Q1: Do I need condo insurance if my building has a master policy?
A: Yes — the association only covers common property, not your personal unit or belongings.
Q2: What’s the difference between HO-3 and HO-6 insurance?
A: HO-3 is for single-family homes; HO-6 is designed for condos and townhomes.
Q3: Can I add flood coverage to my condo policy?
A: Yes — you can purchase a separate NFIP policy or private flood add-on through We Insure Downtown Miami.
7️⃣ Real Client Story
“Our condo HOA had a $250k hurricane deductible. Without loss assessment coverage, we’d have owed $5,000 each. We Insure caught it in time.”
— Luis & Carmen, Brickell condo owners
8️⃣ Call to Action
💬 Protect your Brickell condo with a custom HO-6 plan.
Talk to a local We Insure agent — bilingual service, quick quotes, and full coverage guidance.
Request Your Condo Quote
