Your HOA insures the building. Progressive insures the part that's actually yours.
A condo policy is a puzzle piece cut to fit the exact gap your association's master policy leaves — and no two gaps are the same. Here's what a Progressive HO-6 covers, why loss assessment is the coverage nobody buys enough of, and how we size it to your building.
The short answer
A condo policy — an HO-6 — covers the parts of your home the HOA's master policy doesn't: your unit's walls-in interior, your belongings, your liability, your loss of use, and loss assessment — your share when the HOA bills unit owners after a covered loss. Written on the Progressive Home (ASI) companies, with loss of use up to 40% of your personal property limit. The one thing that matters most: how much of each you need depends entirely on your association's master policy, and coordinating the two is exactly what we do.
Your policy is cut to fit your building's policy.
This is what makes condo insurance different from every other kind, and it's the reason an agent earns their keep here rather than a website.
Your condo association carries a master policy on the building and the common areas. Your HO-6 covers everything the master policy doesn't. The trick is that master policies come in three kinds, and which one your HOA carries changes how much coverage you need by a wide margin.
| Master policy type | What it covers | What that leaves you to insure |
|---|---|---|
| All-in (all-inclusive) | The structure and the fixtures inside your unit — the most comprehensive. | The least. Mostly your belongings, liability, upgrades and assessments. |
| Single-entity | The structure and the original fixtures as first built. | Your upgrades and improvements, plus belongings, liability, assessments. |
| Bare walls | Only the bare structure — everything from the drywall inward is yours. | The most. Drywall, flooring, cabinets, fixtures — the whole interior rebuild. |
Bring us the HOA master policy first. Then we size yours.
The single most useful thing you can do before insuring a condo is get a current copy of your association's master policy and its declarations. It tells us which of the three types you're dealing with — and therefore exactly how much dwelling coverage your HO-6 needs to carry.
Under-insuring the interior is the most common condo mistake, and it happens because nobody reads the master policy until there's a claim. We'll read it with you and cut your policy to fit the gap — so you're neither paying for coverage the HOA already provides nor short on the rebuild you'd actually owe. That coordination is the whole job, and it's the reason to place this through an agent.
Six coverages on a Progressive HO-6.
Your unit's interior
The parts you own: drywall, flooring, cabinets, built-in fixtures. How much you need depends on your master policy type — see above.
Your belongings
Furniture, clothing, electronics — covered from theft, fire and other covered losses, at home and away. High-value items can be scheduled.
If you're responsible
Covers you if you're legally liable for someone's injury or damage — including to a neighboring unit — with legal defense. Inexpensive to raise.
A guest's minor injury
Helps with medical costs when a guest is hurt in your unit, regardless of fault. Keeps a small accident from becoming a large conversation.
Somewhere to live
Additional living expenses if a covered loss makes your unit uninhabitable — up to 40% of your personal property limit on the ASI companies, rather than a flat cap.
Your share of an HOA bill
When a covered loss exceeds the master policy and the HOA assesses unit owners, this pays your portion. The one that's almost unique to condos — see below.
Loss assessment: the bill from your HOA you didn't see coming.
It's the coverage that exists only because you share a building — and the one most likely to be too small when it's finally needed.
Here's the situation it's built for. A covered loss hits the building or the common areas — a fire in a shared stairwell, storm damage to the roof, a liability claim in the clubhouse. The damage exceeds the master policy's limit, or the master policy has a large deductible. So the HOA does the only thing it can: it assesses every unit owner a share of the shortfall.
Loss assessment coverage on your HO-6 pays your portion of that bill. Master policy deductibles of $25,000 or more aren't unusual, and a serious event can produce a special assessment running well into the thousands per unit. The base amount on many policies is modest — and it can usually be raised for very little.
The timing rule worth knowing: raise it before the vote.
There's a quirk to this coverage that's genuinely useful to know in advance. Once an HOA has voted an assessment, it becomes a "known loss" and can't be insured after the fact — you can't raise your loss assessment limit to cover a bill that already exists.
Which is exactly why we review it before you need it. If your association is talking about a big repair, a reserve shortfall, or an aging roof, that's the moment to make sure your loss assessment limit is where it should be — not after the special meeting. It's a five-minute check at renewal and it's the kind of thing an agent is for. Ask us to look.
The company behind the policy.
Progressive condo policies are written on the Progressive Home companies — the ASI family. On May 1, 2026, AM Best affirmed the members of The Progressive Corporation, which include those home companies, at A+ (Superior) with a stable outlook — the same rating Progressive's auto companies carry.
Bundle it with auto and it gets cheaper.
Progressive gives a multi-policy discount for carrying condo and auto together, and paying in full up front saves too. As a Progressive Platinum agency we place the condo policy directly on the Progressive Home companies — and quote the bundle against standalone pricing and against our other markets, since Progressive is one of 40+ carriers we represent.
Two add-ons worth a mention: water backup covers a drain or sump-pump backup into your unit, and high-value items like jewelry can be scheduled for their full value. Send your auto declarations and your HOA master policy and we'll build the whole picture.
The policies around this one.
Arkansas condo questions.
What does a Progressive HO-6 condo policy cover?
Six things. Dwelling coverage protects your unit's interior — the walls-in parts you own, like drywall, flooring, cabinets and fixtures. Personal property covers your belongings. Personal liability covers you if you're responsible for someone's injury or damage. Medical payments helps with a guest's minor injury. Loss of use pays for somewhere to live if your unit becomes uninhabitable after a covered loss. And loss assessment covers your share when the HOA passes a bill to unit owners after a covered loss to the building or common areas.
The reason a good agent matters on a condo is that how much of each you need depends entirely on what your HOA's master policy already covers — which is exactly the coordination we do.
What is loss assessment coverage and why does it matter?
It's the coverage that's almost unique to condo living, and the one people most often carry too little of. When a covered loss to the building or common areas exceeds the HOA's master policy — or when the master policy has a large deductible the association passes through — the HOA can assess each unit owner a share of the shortfall. Loss assessment coverage on your HO-6 pays your portion.
Master policy deductibles of $25,000 or more aren't unusual, and a special assessment after a major event can run well into the thousands per unit. The base amount on many policies is small, but it can usually be raised inexpensively. That's a conversation worth having deliberately rather than discovering the gap when the assessment letter arrives.
How do I know how much dwelling coverage I need on a condo?
You read the HOA master policy first — and this is the single most important step in insuring a condo. There are three kinds of master policy. All-in (or all-inclusive) covers the structure and the fixtures inside your unit, so you need the least dwelling coverage. Single-entity covers the original fixtures but not your upgrades. Bare walls covers only the structure — everything from the drywall inward is yours to insure, which means you need the most.
Your HO-6 has to be cut to fit the exact gap your master policy leaves, and that gap is different in every association. Bring us your HOA declarations and we'll size it with you so you're neither over-insured nor short.
Does my HOA's master policy mean I don't need my own condo insurance?
No. The master policy covers the building and the common areas — the shared structure, the roof, the hallways, the grounds. It does not cover the inside of your unit the way you actually live in it, your belongings, your personal liability, or your share of an assessment. Depending on whether it's a bare-walls, single-entity or all-in policy, it may not even cover your drywall.
An HO-6 is the policy that fills whatever your master policy leaves out, and the two are designed to work together rather than overlap. That's why coordinating them is the whole job — and it's what we do.
How much does loss of use pay on a Progressive condo policy?
On the Progressive Home companies (ASI), loss of use runs up to 40% of your personal property limit — where a lot of policies use a flat cap or a smaller percentage. So if a covered loss makes your unit uninhabitable, the coverage for a hotel, meals and extra living costs scales with what you own rather than stopping at a small fixed number.
Percentages and limits vary by policy, so let us confirm what applies to yours.
Can I bundle condo insurance with my Progressive auto?
Yes, and it's worth doing. Progressive offers a multi-policy discount for carrying condo and auto together, and paying in full up front saves as well. As a Progressive Platinum agency we can place the condo policy directly on the Progressive Home companies and quote the bundle against standalone pricing — and against our other markets, since Progressive is one of more than 40 carriers we represent.
Send your auto declarations and your HOA master policy and we'll build the whole picture.
If our insurance guides and coverage comparisons are helpful, mark Cribb Insurance as a preferred source so more Northwest Arkansas condo owners can find our local explanations.
Bring the master policy. We'll do the rest.
The best condo quote starts with your HOA's master policy and declarations — that's what tells us how much of each coverage you actually need. Send those plus your auto declarations if you'd like to see the bundle, and we'll size an HO-6 that fits your building exactly, on Progressive and against our other markets. No over-insuring, no gaps, no assessment surprises.
Cribb Insurance Group Inc. is an independent insurance agency licensed in Arkansas. We are not Progressive, and this page is not endorsed, sponsored, reviewed, or approved by Progressive. “Progressive” and related marks are trademarks of Progressive Casualty Insurance Company and its affiliates, used here nominatively to identify products we are appointed to place. Progressive condo policies placed by this agency are issued by the Progressive Home affiliates (ASI companies).
This page describes coverage in general terms for informational purposes only. It is not a policy, not an offer of insurance, and not a guarantee of coverage, availability, eligibility, or price. Coverages, limits, deductibles, discounts, endorsements, eligibility and availability vary by policy, by state, and over time, are subject to underwriting approval, and are subject to the terms, conditions, limits and exclusions of the policy actually issued. No coverage limits are stated on this page and none should be inferred. The loss-of-use figure described is Progressive's published description of coverage at ASI as of this page's review date; the percentage and resulting amount vary by policy. If anything on this page conflicts with the issued policy, the policy controls.
Descriptions of condominium association master policies (bare walls, single entity, all-in) and of loss assessment are general condo-insurance concepts provided for education. Your association's actual coverage, deductible, and assessment practices are governed by its own governing documents and master policy, not by this page. Dollar figures used to illustrate master-policy deductibles and assessments are general industry examples, not Progressive figures, and are not a representation of any particular association or policy. Determining appropriate coverage amounts is your responsibility with our assistance; nothing here is a valuation. The description of a voted assessment becoming a "known loss" is general insurance principle and not advice about any specific assessment — confirm your options with us before relying on it.
Financial strength ratings are opinions of an insurer's ability to meet its ongoing insurance obligations, are subject to change, are not recommendations to purchase, hold or terminate any policy, and do not address an insurer's claims-handling practices; current ratings are at ambest.com. Rates and premiums are not quoted on this page.
Last reviewed July 2026.