What Kind of Coverage Do You Need for a Condo or Townhome with an HOA in Colorado Springs?

Owning a townhome or condo in Colorado Springs comes with unique benefits—shared amenities, community living, and often less exterior maintenance. But when it comes to insurance coverage, things can get confusing. Many homeowners mistakenly assume their HOA’s master policy covers everything. Unfortunately, that assumption can lead to devastating out-of-pocket expenses, especially when roofing damage is involved. At The Holt Agency, we help Colorado Springs homeowners understand where HOA coverage ends and personal condo/townhome coverage begins—so you don’t get stuck with extremely high roofing repair costs.

HOA Master Policy: What It Usually Covers

Most HOAs carry a master insurance policy, but the scope can vary widely. Typically, master policies fall into one of two categories:

Bare Walls Coverage – This usually protects the building’s structure, roof, and common areas, but it doesn’t extend into the interior of your unit. You’re responsible for drywall, flooring, cabinets, and personal property.
All-In Coverage – A broader form of protection that may cover built-in fixtures, but rarely covers your personal property or liability.

The Catch: Even when your HOA policy includes the roof, deductibles can be spread across all unit owners. After a hailstorm (common in Colorado Springs), you could still be on the hook for thousands in shared costs.

Why You Still Need Condo or Townhome Insurance (HO-6 Policy)

An HO-6 policy, also called condo or townhome insurance, is designed to fill in the gaps left by your HOA’s master policy. Here’s what it should include:

Roof Deductible Coverage – Helps cover your portion of a master policy’s deductible, which can be $10,000+ after a major hailstorm in Colorado Springs.
Interior Coverage – Protects everything inside your unit, including walls, flooring, appliances, and cabinetry.
Personal Property – Covers furniture, electronics, and valuables.
Loss of Use – Pays for temporary housing if damage makes your unit unlivable.
Liability Protection – Protects you if someone is injured inside your home.

Without this additional protection, you risk paying out-of-pocket for roofing and structural costs the HOA policy doesn’t fully cover.

The Colorado Springs Roofing Reality

Living at the base of Pikes Peak means hail, wind, and snow are part of life. Colorado Springs has one of the highest frequencies of hailstorms in the country, and roofing claims are some of the costliest HOA-related disputes.

HOAs often pass special assessments to unit owners after roof replacements.
Without deductible coverage on your HO-6, you could pay $5,000–$15,000 or more unexpectedly.
Many lenders in Colorado Springs require specific condo/townhome coverage as a condition of your mortgage.

Protect Your Investment & Peace of Mind

Don’t wait until a hailstorm hits to find out your HOA coverage isn’t enough. At The Holt Agency, we specialize in condo and townhome insurance in Colorado Springs. We’ll:

Review your HOA’s master policy.
Identify coverage gaps.
Customize an affordable policy to protect you from roofing and interior costs.

Ready to make sure you’re fully protected? Contact The Holt Agency today for a free review of your HOA’s policy and a tailored condo/townhome insurance quote.