Condominium Coverage

If you are the owner of a unit in a condominium, chances are your association has a master insurance policy to cover common areas including the exterior of buildings and walkways. This policy does not cover your individual and personal interests within your individual unit. You are solely responsible for obtaining that coverage. A condo policy typically covers your personal belongings, along with limited dwelling coverage to insure what is not covered by the master association policy. This policy also provides personal liability coverage, which protects you against bodily injury or property damage to others for which you are legally responsible for.