Condo Insurance

• Interior structure and improvements: repairs to walls, floors, fixtures, or upgrades like custom cabinets.
• Personal belongings: items like clothing, electronics, furniture, and more, whether they're in your unit or in storage.
• Liability protection: covers medical or legal costs if someone is injured in your unit or you accidentally damage someone else’s property.
• Loss of use / Additional living expenses: helps cover temporary lodging and expenses if your unit becomes uninhabitable due to a covered event.
• Loss assessment coverage: pays your share of repairs or liability claims that exceed your condo association’s master policy limits.

Not fully. The condo association’s master policy typically covers the building’s structure and common areas—but it usually stops at the unit’s “bare walls.” You’re responsible for what’s inside your unit, including personal items, fixtures, upgrades, and liability. 

 Homeowners insurance (HO-3) applies to standalone homes and covers the full structure and surrounding property. Condo insurance (HO-6) focuses only on your unit’s interior and personal belongings. Exterior damage and shared spaces are handled by the condo association’s master insurance. 

 While not required by law, most mortgage lenders and condo associations mandate it. Even without those requirements, having condo insurance is smart, as it protects you financially from common risks and gaps left by the association’s coverage.