Direct answer
It depends on whether your townhome is governed by a homeowners association (HOA) that maintains a master policy covering the building structure; if they do, you may only need an ‘walls-in’ HO-6 policy rather than a full dwelling policy.
Standard homeowners insurance policy structure guidelines provided by the National Association of Insurance Commissioners. For additional information about how policy types differ based on property structure, see the Insurance Information Institute‘s guide to homeowners insurance.
What this means for you
It depends on whether your townhome is governed by a homeowners association (HOA) that maintains a master policy covering the building structure; if they do, you may only need an ‘walls-in’ HO-6 policy rather than a full dwelling policy.
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