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Required Townhome Insurance

Grove homeowners are required to purchase an HO-3 policy. Do not purchase an HO-6 (Condo) policy. Unfortunately, the HO-3 will cost more than an HO-6 policy. If you rent your townhome and do not live in it, a DP-3 policy is acceptable. Keep in mind a DP-3 policy usually doesn’t automatically include personal property you may want covered.

If you have any questions, please email the HOA Board. You’ll need to provide the Board with proof of coverage when you submit your owner registration forms (which is required yearly).

Below is a cut and paste from a website that really highlights the difference between a HO-3 and HO-6 very well.

Condo Insurance vs. Townhome Insurance

Many condos and townhouses (also known as townhomes) look alike, both on the inside and outside. However, where insurance is involved, there is a noticeable difference between a condo and a townhouse. When comparing a townhouse vs. condo, you’ll find that what needs to be insured depends on who is responsible.

Key differences in condo vs. townhouse insurance

  • In a condo, typically the interior is covered by the owner and everything else is covered by the association.
  • In a townhouse, the owner is usually responsible for both the interior and exterior because everything on the land it’s built on is owned by the individual.
  • condo insurance policy is an HO-6, while townhome insurance is an HO-3.
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