# Condo Insurance Eagan, MN | Block Agency > Minnesota condo insurance (HO-6) from a local Farmers® agency in Eagan. Loss assessment sized to your master deductible, backup and flood help. (651) 252-6655. Source: https://blockagencyinc.com/condo-insurance [Home](https://blockagencyinc.com/) / Condo Insurance # Minnesota Condo Insurance: Your HOA's bad day becomes your bill. Many condo policies carry just $1,000 for that. Master policy deductibles keep climbing, and Minnesota law lets the association pass them to owners. Closing the gap is usually a small line on the quote. [Get My Free Condo Quote](https://blockagencyinc.com/quote?type=condo) [or call **(651) 252-6655**](tel:+16512526655) $1,000 Common Default Loss Assessment No Cap In MN Law on Deductible Assessments 3 Master Policy Types To Know 15 min To Start Your Quote The Quick Answer A condo policy (**HO-6**) covers your unit's interior, your belongings, your liability, loss of use, and ** loss assessment**. Your association's ** master policy** covers the building and common areas. Under the ** Minnesota Common Interest Ownership Act (MCIOA)**, the association must insure the common elements and units at ** full insurable replacement cost, excluding interior improvements**, and it may pay the master deductible as a common expense or ** assess it to the affected unit owners** — the statute sets no dollar cap. Since ** August 1, 2024**, Minnesota law says the ** HO-6 in force at the time of the loss** pays a covered loss assessment. Master deductibles, including ** percentage wind/hail deductibles**, have been rising, while many HO-6 policies include only **$1,000** of loss assessment coverage. ** Sewer backup and flood** each need their own coverage. ** Block Agency**, a Farmers Insurance® agency in Eagan, reads the master policy and quotes the fit at **[(651) 252-6655](tel:+16512526655)**. Your policy covers : Interior improvements in, plus assessments Start with : The master policy declarations page Biggest gap : Loss assessment vs. the master deductible Free quotes : [(651) 252-6655](tel:+16512526655) Minnesota Condo Insurance, The Short Version ## One number on your policy is probably $1,000. Your building's deductible is not. Condo insurance looks simple. The HOA insures the building, you insure your stuff, everyone gets on with their lives. That story is fine right up until the building has a serious problem, and in Minnesota the serious problem usually arrives as hail, wind, or water. When a loss **exceeds the master policy limits**, or when the master policy has a large deductible that somebody has to pay, the cost can come back to the owners. Minnesota's condo law lets the association treat the master deductible as a common expense ** or assess it to the affected unit owners** in any reasonable manner, and the statute sets no dollar cap. Master deductibles have been climbing, and some now apply a percentage deductible to wind and hail. Run the arithmetic once: a 2 percent wind/hail deductible on a $15 million building is $300,000, and part of it can land on you. Your HO-6 has a coverage built exactly for this, called **loss assessment**. The default limit on many policies is **$1,000**, which against a large master deductible is a rounding error. Raising it is usually inexpensive. Check the fine print too: ** some policies cap the portion of an assessment that arises from the master deductible**, no matter how much loss assessment coverage you bought, so we ask that question by name. Minnesota added a helpful rule in 2024: ** the HO-6 in force at the time of the loss pays the assessment**, and if the unit sold before the assessment was charged, the policy in force when it was charged pays. That settles which policy responds when a unit changes hands. The second thing nobody tells condo owners: **your declaration and bylaws, not your policy, draw the detailed line between the association's responsibility and yours**. Under the ** Minnesota Common Interest Ownership Act**, the association insures the common elements and the units at full insurable replacement cost, excluding interior improvements. Your documents fill in the rest. So the honest way to insure a condo is to start with the master policy declarations page and the declaration, then build the HO-6 to fit the gap they leave. As a local Farmers agency, we quote Farmers first and can also shop additional carriers when Farmers isn't the right fit. It takes about fifteen minutes, and it is free. Bring the paperwork. ## Three master policies. Yours decides what you need. Ask your HOA which one your building carries. It is the single most useful question a condo owner can ask, and most owners have never asked it. Master type 1 Bare Walls ### Bare Walls-In Covers the structure and common areas and stops at your studs. Everything inside is yours: drywall, flooring, cabinets, counters, fixtures, appliances. This needs the most dwelling coverage on your HO-6, and in a finished-out unit the number is not small. Master type 2 As Built ### Single Entity Covers your unit as it was originally built, but not what you have done since. Your renovated kitchen and the floors you replaced are improvements, and improvements are yours. Middle of the road, and the most commonly misunderstood. Master type 3 All-In ### All-Inclusive Covers fixtures and finishes inside the unit too, leaving you mainly your belongings, your liability, and assessments. Costs the association the most, needs the least from you. Common in newer high-rises and luxury buildings. The big one $50k to $100k ### Loss Assessment Pays your share when the HOA assesses owners after a covered loss or to meet its master deductible. Default is often $1,000. Match it to the highest deductible on the master policy — often the wind/hail deductible — and ask whether deductible-driven assessments are capped. Commonly missed Your Reno ### Improvements & Betterments The kitchen you redid, the floors you upgraded, the built-ins. Minnesota's condo law has the master policy exclude interior improvements, so your upgrades belong in your dwelling limit, at what they would cost to redo today. Core $300k+ ### Personal Liability The guest who falls, and the burst supply line in your unit that soaks the two condos below. In stacked buildings water travels downward and finds several neighbors on the way. This is the coverage that answers for them. Not covered Common Areas ### The Building Itself Roof, exterior, hallways, elevators, pool, parking. That is the master policy's job, funded by your dues. Your exposure to it is not repair cost, it is the assessment that follows when the master policy falls short. Not covered Backup & Flood ### Sewer Backup & Flood Water that backs up through a floor drain or sewer line is not covered by a standard HO-6 without a backup endorsement, and that matters most in ground-floor and garden-level units. Rising water is flood, which no HO-6 covers; your belongings need their own [contents flood policy](https://blockagencyinc.com/flood-insurance). Ask about both by name. Not covered Upkeep ### Maintenance Assessments An assessment has to arise from a peril your policy covers. Resurfacing the pool deck, replacing a roof at the end of its life, or refilling an underfunded reserve is maintenance. No policy pays for that. Read the reserve study before you buy. ### Do you know your loss assessment limit? Almost nobody does, and it is often $1,000. Send us your declarations page and your HOA's master policy page. We will find the gap in about fifteen minutes. [Check My Coverage](https://blockagencyinc.com/quote?type=condo) [Call (651) 252-6655](tel:+16512526655) Getting It Right ## How to actually insure a condo, in order. There is a correct sequence here, and it does not start with your own policy. It starts with two documents you may never have read. ### 1. Get the master policy declarations page Ask your manager or board. Minnesota's condo law requires the association to carry property and liability insurance, so asking what it says is a routine request rather than a confrontation. You are looking for two things. **Which type** it is: bare walls-in, single entity, or all-in. And the ** deductibles, per peril** — above all any separate ** wind/hail deductible**, because a large or percentage deductible is the number most likely to become an assessment with your name on it. If the master deductible is $100,000, then $1,000 of loss assessment coverage on your policy is not protection, it is a formality. ### 2. Read the declaration for the boundary This is the part people skip and later regret. The **Minnesota Common Interest Ownership Act** sets the baseline: the association insures the common elements and the units at full insurable replacement cost, excluding interior improvements, and it decides whether the master deductible is a common expense or assessed to the affected owners. ** Your declaration and bylaws, not either insurance policy, fill in who pays for what after a loss.** Windows, balconies, patios, and plumbing are the usual battlegrounds, and different declarations draw the lines differently. ### 3. Build the HO-6 to fill the actual gap Now the policy makes sense. Your **dwelling limit** covers what the master policy does not, including your improvements at what they would cost today. Your ** personal property** reflects what you actually own, with the valuables scheduled. Your ** liability** is sized for stacked living, where your burst hose becomes three neighbors' ceilings. Your ** loss of use** reflects what a comparable Twin Cities rental costs while repairs drag on. A ** sewer and drain backup endorsement** covers water that comes up through the drains. And your ** loss assessment** matches the master policy's biggest deductible — with any deductible-assessment cap checked by name. ### 4. Watch what is happening to your HOA Hail and wind losses have pushed property insurance costs and deductibles up across Minnesota, and condo master policies are not immune. Higher deductibles, percentage wind/hail deductibles, and tighter terms all move risk somewhere. When a master policy shrinks, that risk does not evaporate. **It relocates to the owners**, as bigger assessments when something goes wrong. So the year your HOA's insurance gets worse is precisely the year your loss assessment limit matters most. If your board sends a notice about the master policy changing, do not file it. Bring it to us and we will tell you what it did to your exposure. On the declaration's interpretation and any dispute with the association, talk to a lawyer. We do the insurance side. ### Did your HOA just change its master policy? Cuts to the master policy move risk onto owners. If a notice landed in your mailbox, bring it in and we will show you exactly what changed for you. [Review My Exposure](https://blockagencyinc.com/quote?type=condo) [Call (651) 252-6655](tel:+16512526655) ## Every building is different. So is every policy. High-rise, townhome, the unit you rent out, the one you just put an offer on. Each changes the answer. [### High-rise & stacked units Water only travels one direction, and it is toward your downstairs neighbors. Liability matters more here than in almost any other kind of home you can own.](https://blockagencyinc.com/quote) [### Townhomes & PUDs Some townhomes are condos on paper and some are not, and the difference decides whether you need an HO-6 or a standard home policy. The declaration settles it, not the architecture.](https://blockagencyinc.com/quote) [### Renovated units If you have redone the kitchen or the floors, Minnesota's condo law leaves interior improvements off the master policy. Your upgrades are yours, and they belong in your dwelling limit.](https://blockagencyinc.com/quote) [### Buyers under contract Read the reserve study and the master policy before you close. Under Minnesota law, if a loss happened before you bought but the assessment is charged after, your HO-6 is the one that pays, so carry real loss assessment coverage from closing day.](https://blockagencyinc.com/quote) [### Condos you rent out An HO-6 is written for an owner-occupant. Once a tenant moves in you need a [landlord policy](https://blockagencyinc.com/landlord-insurance), and your declaration may cap how many units can be rented at all.](https://blockagencyinc.com/landlord-insurance) [### Ground-floor & garden-level units Water finds the lowest unit. Sewer and drain backup needs its own endorsement, and a unit near the Mississippi or Minnesota Rivers should price contents flood coverage too. We check both before you need them.](https://blockagencyinc.com/quote) ### Bring the master policy page. We'll do the rest. We will tell you which type your HOA carries, what it leaves you, and what your HO-6 should actually say. Free, about fifteen minutes. [Get My Free Quote](https://blockagencyinc.com/quote?type=condo) [Call (651) 252-6655](tel:+16512526655) ## Condo insurance in Eagan. And across the Twin Cities metro. Saint Paul high-rises, townhome associations in Woodbury and Bloomington, condo communities in Eagan and Burnsville, and across the St. Croix in Hudson. Every HOA is different. Tell us where the unit is. [Get Quote](https://blockagencyinc.com/quote) [Eagan](https://blockagencyinc.com/quote) [Burnsville](https://blockagencyinc.com/quote) [Apple Valley](https://blockagencyinc.com/quote) [Lakeville](https://blockagencyinc.com/quote) [Inver Grove Heights](https://blockagencyinc.com/quote) [Mendota Heights](https://blockagencyinc.com/quote) [Rosemount](https://blockagencyinc.com/quote) [Farmington](https://blockagencyinc.com/quote) [Savage](https://blockagencyinc.com/quote) [Prior Lake](https://blockagencyinc.com/quote) [Bloomington](https://blockagencyinc.com/quote) [Woodbury](https://blockagencyinc.com/quote) [Saint Paul](https://blockagencyinc.com/quote) [South St. Paul](https://blockagencyinc.com/quote) [Hudson, WI](https://blockagencyinc.com/quote) [River Falls, WI](https://blockagencyinc.com/quote) [All of Minnesota & Wisconsin](https://blockagencyinc.com/quote) ## Minnesota condo insurance questions. Straight answers. What does condo insurance actually cover?+ An HO-6 policy covers your world from the inside: your unit's interior and improvements, your personal property, your personal liability, loss of use if the unit becomes uninhabitable, and loss assessment — the piece almost everyone under-buys. It does not cover the roof, exterior, hallways, pool, or parking; those belong to the HOA's master policy. Minnesota's condo law sets the baseline, and your declaration and bylaws draw the detailed boundary between the two. What is loss assessment coverage, and why does everyone say it matters?+ When a loss exceeds the master policy limits or triggers a large master deductible, the association can assess the cost to owners. Loss assessment coverage on your HO-6 pays your share. Since August 1, 2024, Minnesota law says the HO-6 in force at the time of the loss pays; if the unit sold before the assessment was charged, the policy in force when it was charged pays. The catch: many policies default to $1,000, while master deductibles keep rising and some carry percentage wind/hail deductibles. Raising the limit is usually inexpensive, and it is the best value on the policy. What are the three types of HOA master policy?+ Bare walls-in covers the structure but nothing inside your unit. Single entity covers the unit as originally built, but not your upgrades. All-in covers interior fixtures and finishes too. Which one your building carries determines how much dwelling coverage you personally need. In Minnesota, the Common Interest Ownership Act requires the association to insure the units at full insurable replacement cost, excluding interior improvements, which leaves the improvements inside your unit to you. Declarations can and do vary, so read yours. Who pays the master policy deductible after a hail or wind loss?+ It depends on your association. Minnesota law lets the association pay the master deductible as a common expense or assess it to the affected unit owners in any reasonable manner, and the statute sets no dollar cap. Some master policies now carry a percentage wind/hail deductible: 2 percent on a $15 million building is $300,000. Here is the fine print that matters: some HO-6 policies cap the portion of an assessment that arises from a master policy deductible, regardless of your overall loss assessment limit. Ask that question specifically before storm season. Does condo insurance cover flooding or sewer backup?+ No HO-6 covers rising water. Flood is a separate policy: the association decides how to insure the building, and your belongings need their own contents flood policy through the National Flood Insurance Program or a private carrier. NFIP contents coverage goes up to $100,000, and a 30-day waiting period typically applies. Sewer and drain backup is different from flood and is not covered by a standard HO-6 or by flood insurance. It needs a backup endorsement, which matters most in ground-floor and garden-level units. Who pays when water damage crosses between units?+ The most common dispute in condo living, and it is fact-specific: it turns on where the water came from, who owns the plumbing that failed, and negligence. Roughly, water from HOA-owned lines is the association's responsibility for the structure, though your interior may still fall to your HO-6 depending on master policy type. Water from a pipe inside your unit is yours, and if it floods the units below, your liability coverage answers for their damage. If water comes from the unit above, start with your own HO-6 and let the insurers sort out responsibility. Is condo insurance required in Minnesota?+ Not by state law. By your lender, almost certainly, if you have a mortgage. And often by your declaration or bylaws, which can require unit owners to carry an HO-6 with minimum limits. Even without a requirement, going without means your interior, belongings, liability, and share of any assessment all sit uncovered. How much dwelling coverage do I need on a condo?+ It depends entirely on the master policy type. Under bare walls-in, you insure everything from the studs in — flooring, cabinets, fixtures, interior walls — which is a substantial number. Under single entity or Minnesota's statutory baseline, you insure your interior improvements at what they would cost to redo today. Under all-in, you need relatively little dwelling coverage. Start with the master policy declarations page, then build the HO-6 to fit the gap. How much does condo insurance cost in Minnesota?+ It depends on the dwelling limit the master policy leaves you, your loss assessment and backup choices, your location, and the building. Minnesota home insurance costs have risen sharply since 2023, so a quote on your actual unit beats any average. Bundling with auto trims both policies. We quote Farmers first and can also shop additional carriers when Farmers isn't the right fit. What's the difference between condo insurance and renters insurance?+ Ownership. A renters policy (HO-4) covers belongings and liability but no part of the structure, because you own none of it. A condo policy (HO-6) adds dwelling coverage for the interior you do own, plus loss assessment for your share of the association's shortfalls. If you rent out a condo you own, you need a landlord policy instead, and your tenant needs renters insurance. What should I check before buying a condo?+ Three documents before you fall in love: the master policy declarations page (which type, and every deductible, especially wind/hail), the declaration and bylaws (where the association's responsibility ends and yours begins, and any insurance requirements on owners), and the reserve study (an underfunded association is a future assessment with your name on it, and no policy covers maintenance). Then bind real loss assessment coverage at closing: under Minnesota law, an assessment charged after you buy can fall to your policy even if the loss happened earlier. We read the insurance pieces with buyers routinely, free. My HOA just changed its master policy. What should I do?+ Bring us the notice. When a master policy shrinks — a higher or percentage wind/hail deductible, lower limits, a switch from all-in to bare walls — that risk does not evaporate; it relocates to the owners as bigger assessments and bigger personal coverage needs. Ten minutes with the new declarations page tells you exactly what changed for you, and what your HO-6 needs to absorb it. Still have questions? [Call (651) 252-6655](tel:+16512526655). We will give you a straight answer. ## One team for the condo and the car. [Get a condo quote](https://blockagencyinc.com/quote?type=condo) [Auto insurance](https://blockagencyinc.com/auto-insurance) [Home insurance](https://blockagencyinc.com/home-insurance) [Call (651) 252-6655](tel:+16512526655) ## Find the gap before the assessment does. Free, fast, and in plain English. Bring your declarations page and your HOA's master policy page. We will show you exactly where your coverage ends and what it costs to close it. [Get My Free Condo Quote](https://blockagencyinc.com/quote?type=condo) [or call **(651) 252-6655**](tel:+16512526655) --- **Farmers Insurance - Block Agency** · 1121 Town Centre Drive, Suite 101, Eagan, MN 55123 · (651) 252-6655 · Mon–Fri 9:00 AM–5:00 PM; evenings by appointment Request a quote: https://blockagencyinc.com/quote-request (plain HTML form) or https://blockagencyinc.com/quote (guided).