Updated 2026-11-01
You do not need to read the whole master policy. A certificate and summary of coverage from the management company usually answers the questions that shape your HO-6.
1. What the property coverage includes
Look for words like bare walls, original specifications, single entity or all-in. These tell you whether interior finishes and fixtures are covered by the association. See master policy types.
2. The deductible
Note the property deductible, and any separate wind, hail or water deductible. Then read the bylaws to see whether an owner can be charged the deductible when a loss starts in their unit.
3. Liability limits
The association's liability coverage protects the association, not you personally. Your HO-6 liability is still needed.
4. Fidelity or crime coverage
This protects association funds against theft by board members or managers. Its absence can increase the risk of assessments.
5. Recent claims or changes
Ask whether the deductible or coverage has changed recently. Associations facing higher premiums sometimes raise deductibles, which increases what owners may be assessed.
With these answers, set your dwelling limit and choose loss assessment coverage to match. The HO-6 overview lists the other coverage types.