Even if your condominium association has coverage, condo insurance can come in handy. For example, their insurance might cover the association’s condominium building, commonly owned property, and liability insurance.
Unfortunately, there are many cases where that insurance policy won’t cover you or your belongings—like a break-in, water damage to your living room walls, or someone injuring themselves slipping on your wet kitchen floor. You need condominium insurance designed specifically for condo or co-op owners.
Condominium policies help protect your personal property and the interior of your unit. You will also have liability protection for bodily injury or property damage to others.