Condominium owners sometimes make the mistake of thinking their condominium association covers their property. While your association probably insures your building and common areas, its coverage ends at your walls. You need your own condominium policy to cover damage to your interior walls, floors, cabinets and fixtures.
Like a homeowners policy, a condominium policy also protects your personal property. “Contents coverage” pays for damage or loss to your personal property, whether it’s at home or off premises. The policy also provides liability protection that will help pay your attorney and court costs if you are sued for injury to another person or another person’s property.