Great condo insurance.
Your unit is safe, and so is your peace of mind. Learn more about condo insurance with Nobile.
Why you need condo insurance
Your condo association has a master insurance policy, but that policy does not fully protect you as an individual unit owner. In Massachusetts, master policies typically cover the building and common areas, but they do not cover your personal belongings, personal liability, or many interior portions of your unit. Condo insurance helps fill these gaps and can also protect you if the association assesses unit owners for shared losses or large master policy deductibles.
We know it can sometimes be difficult to get a good policy at a good price. At Nobile, we make it easy to get coverage that works for you.
Need to insure a home? See more on home insurance.
Less money. More coverage.
We’ve partnered with top-rated carriers to get you the coverage you need at a price that won’t break the bank. And we’ll work with you to figure out how we can get you the best price on insuring your condo.
Need to insure a commercial property? See more on commercial insurance.
The cost of condo insurance
Last updated January 2026
Premiums for condo insurance can vary based on several factors. It’s important to understand what affects the cost so you can get the best price for what you have. Here are some of the most common ways your premium may be impacted.
Location
Your condo’s location plays a major role in pricing. Condos located near the coast, in flood-prone areas, or in regions exposed to severe weather may cost more to insure. Proximity to fire stations and fire hydrants can also affect your rate, as can local crime statistics. Condos in lower-risk areas may benefit from lower premiums.
Association Requirements
Your condo association’s master insurance policy is one of the biggest drivers of your individual premium. The type of master policy determines how much of the unit’s interior you’re responsible for insuring. Associations may also require specific coverage limits, endorsements, or liability amounts, which can affect cost.
Claim History
Carriers consider your past claim or loss history when calculating your premium. Generally, the more claims on record, the more your premium may increase.
Personal Property and Unit Improvements
The value of your belongings and any upgrades inside your unit, like renovated kitchens, flooring, or custom cabinetry, can increase the amount of coverage needed and can impact your premium.
Discounts
Many carriers offer discounts that can help reduce your premium, such as bundling condo and auto insurance, having safety features like smoke detectors or security systems, or maintaining a claim-free history.
Coverages and how they work
Some information sourced from Mapfre and Progressive | Last updated January 2026
On every Massachusetts condo policy, you’ll find a breakdown of your coverages, endorsements, and credits. Here’s how it works.
Standard Coverages
Dwelling coverage helps protect interior portions of your condo, including unit-owner improvements, fixtures, and finishes, depending on the association’s master policy.
Personal Property coverage protects your personal belongings inside your condo. Your electronics, furniture, clothing, and more are covered. For more expensive items like jewelry or collectibles, you may want to consider adding an additional endorsement called Scheduled Personal Property.
Loss of Use or Additional Living Expenses (ALE) coverage may provide cost relief if you’re unable to live in your condo while it’s being repaired or rebuilt. This may include hotel bills, restaurant meals, and other increased living costs.
Personal Liability coverage protects you if you’re found legally responsible for someone else’s injuries or have damaged their property.
Medical Payments coverage may pay someone’s medical bills if they’ve been injured on your property. This coverage is applicable to the inside and perimeter of the home.
Loss Assessment coverage helps pay your share of a covered loss or master policy deductible if your condo association assesses unit owners.
Other Coverages and Endorsements
You can choose to add other coverages to your policy depending on what you need. Here’s a few common ones.
Scheduled Personal Property
Personal Umbrella
Home Business Coverage
Water Backup Coverage
Increased Loss Assessment Limits
Coverage availability and limits vary by carrier and policy.
Risks to look out for
Certain features can raise your premium, such as older wiring or plumbing within your unit, specific dog breeds, or prior water damage claims. Carriers may also consider building age, shared plumbing systems, and loss history within the association when evaluating risk.
Discounts for your condo policy
There are many ways to save on your condo policy. Here are some of the most common discounts and credits you may qualify for. Also take a look at our full Discounts page.
Condo Discounts and Credits
- Account Credit (Policy Bundles)
- Paid-In-Full Discount
- Loyalty Discount
- Claim Free Discount
- Alarm Credit
- Protective Device Discount
- Endorsement Combination Discount
Availability and amounts vary by carrier and policy. Eligibility factors apply.
Last updated January 2026
It already feels like home.
Condo Insurance FAQs
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There are a few ways to help bring your premium down. Bundling your condo and auto policies with the same carrier is one of the most common. Increasing your deductible can also lower your premium, though it means you’ll pay more out of pocket if you file a claim.
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Because every condo is different, it’s difficult to provide a true average. Yearly condo insurance premiums, while usually cheaper than home insurance premiums, will depend on your home’s location, its size, your coverage amounts, and claim history.
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Yes. We offer a full range of commercial products, including commercial property policies.
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Already a Nobile client? You’re most likely receiving any discounts and credits you’re eligible for.