Usually, condo insurance covers just the inside structure of your unit, the belongings inside the unit and sometimes common areas of the building owned by the condo residents (e.g. lockers, parking spaces, etc.).

A policy designed for the special needs of condominium unit owner-occupants to cover personal property and liability, to complement the insurance normally purchased by the condominium association for the building, structures and liability. Additional coverages are offered unit owners by many insurers.

If you own a condo, condominium insurance will cover the inside structure of your unit, the belongings inside the unit and common areas of the building that are owned in part by you and the other residents (e.g. lobby, gym or pool).