Condos have their own unique insurance needs. The association that your condo is located in may be insured, but doesn’t mean your condo is..
The association insurance covers the condominium building, commonly owned property and liability insurance for the association itself, not yours.
There are many cases where that insurance policy won’t cover you or your things, such as a burglary, water damage to interior walls someone else getting injured on your property.
Condo insurance helps protect your personal property and the interior of your unit as well as liability protection for bodily injury or property damage to others
In most cases, the association’s coverage stops after the exterior walls, meaning that you are responsible for the interior walls and possibly for fixtures, as well as your personal property and liability.
Your personal condo insurance policy should cover for losses arising from:
• Vandalism or malicious mischief
• Accidental discharge of water