Understanding Condo Insurance: A Must-Have for Rhode Island Condo Owners
Whether you’re settling into a cozy condo in downtown Providence or enjoying the coastal charm of Warwick, owning a condominium in Rhode Island comes with its own set of responsibilities—and protecting it starts with the right insurance. At The Slocum Agency, Inc., we help condo owners throughout Rhode Island understand their coverage and ensure they’re protected against unexpected events.
What is Condo Insurance?
Condo insurance, also known as HO-6 insurance, is designed to cover the interior of your condo unit and your personal belongings, while also protecting you against liability claims. Unlike homeowners insurance, which covers the entire structure, condo insurance works in tandem with your condo association’s master policy.
What Does the Association’s Master Policy Cover?
Most condo associations in Rhode Island carry a master insurance policy that covers:
The building’s structure and common areas (roof, elevators, hallways, etc.)
Liability coverage for shared spaces
Sometimes original fixtures inside the unit (depending on the policy type)
However, these policies do not cover everything inside your individual unit.
There are generally two types of master policies:
Bare Walls-In: Covers only the structure and common areas, leaving all interior finishes and personal property to the unit owner.
All-In: Provides broader coverage, including original fixtures, but excludes improvements or personal property.
Before purchasing condo insurance, it’s critical to review your association’s bylaws or speak with the board to understand what’s covered.
What Does an HO-6 Condo Insurance Policy Cover?
A standard condo policy through Slocum Insurance includes:
🛠 Dwelling Coverage
Covers built-in items in your unit, such as flooring, cabinetry, and improvements you’ve made (like updated appliances or custom counters).
📦 Personal Property Coverage
Protects your belongings—furniture, clothing, electronics, and more—against theft, fire, water damage, and other covered perils.
👩⚖️ Liability Protection
Helps cover legal expenses and medical bills if someone is injured inside your unit or if you accidentally damage someone else’s property.
🏨 Loss of Use
Covers additional living expenses if your condo becomes uninhabitable due to a covered loss.
💧 Optional Add-ons:
Water Backup Coverage
Scheduled Personal Property (for high-value items)
Earthquake or Flood Insurance (especially relevant in coastal Rhode Island)
Rhode Island Considerations for Condo Owners
Living in Central Rhode Island, particularly near Narragansett Bay or Pawtuxet Village, you may be more susceptible to flooding, coastal storms, or water damage. While your master policy might cover some exterior damage, it’s important your own policy protects what matters most inside.
Additionally, if you’re renting your condo as a short-term rental or Airbnb, you may need a rider or additional endorsement to ensure proper liability and property coverage.
How Much Condo Insurance Do You Need?
It depends on:
The coverage (or lack thereof) in your master policy
The value of your personal belongings
Any upgrades or renovations in your unit
Your liability risk
At The Slocum Agency, our licensed agents will review your condo association’s documents and craft a policy that fits your exact needs. We ensure Warwick condo owners and Rhode Islanders statewide get the right protection—without overpaying.
Why Work with The Slocum Agency?
For over 75 years, our independent agency has been serving the Rhode Island community with personalized insurance solutions. Whether you're a first-time condo buyer or looking to review your coverage, we’re here to help.
Our team will:
Review your association’s master policy
Evaluate your personal risk exposure
Compare rates from top-rated insurance carriers
Ensure you understand your coverage every step of the way
Final Thoughts
Condo insurance is more than just another monthly expense—it’s peace of mind for your investment, belongings, and lifestyle. Let The Slocum Agency, Inc. in Warwick, RI help you find the right condo policy tailored to your needs. Contact us today to get started!
