Home insurance for condos, typically referred to as HO-6 insurance, generally covers water and fire damage, but the coverage depends on the source of the damage and the policy details. Fire damage is almost always covered under standard condo insurance, including smoke, soot, and destruction to interior elements like walls, flooring, and personal belongings. Water damage coverage is more nuanced—sudden and accidental issues like burst pipes or overflowing appliances are usually covered, but damage from neglect, floods, or sewer backups may require optional add-ons or riders. The condo association’s master policy also plays a role—it typically covers shared structures and common areas, while your personal policy handles the interior of your unit and your belongings. It’s crucial to understand what your master policy includes and ensure your HO-6 policy complements it. Reviewing exclusions and optional coverage ensures you’re protected against both fire and water-related incidents.