Condominium InsuranceIf you own a condominium, certain common areas of your building are most likely insured by your association's insurance policy, but the interior of your unit as well as your personal possessions and liability are not.
A condo owner's policy will cover you in situations of theft, damage to the condo interior or your personal liability.
Check with your condominium association bylaws to determine your responsibility.
The coverages under the condominium association's master policy is determined by the association's by-laws/articles and other laws as well. The master policy coverage will often stop at the exterior walls of the building, which means you are responsible for the interior and your personal possessions. It is essential to find out from your condo association what the bylaws state you are responsible for because rules often differ between each association.