Condominium Insurance provides three very important coverages. It provides personal liability coverage, personal property coverage and “gap” coverage from where the master policy of the condominium association ends and the replacement cost to your individual unit.

Personal Liability: Coverage in case someone sues you do to alleged negligence on your part.

Personal Property: Your personal items that are not permanently attached to the condominium, not including autos and other motorized vehicles.

Building: When you purchase a condominium unit, in most cases, you are purchasing a percentage of the complex. The master insurance policy is required to insure common items such as the roof, common walls, hallways, electrical conduits etc. It is extremely important to know where the master policy coverage starts and ends. As a unit owner, you may be responsible to pay for some of the interior work of your unit.