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What's covered under condominium insurance? 

If you're thinking of buying a condominium, you'll likely have to join a condominium association.  These associations have insurance, but what do they cover?  Basically, the association's insurance covers the condominium building, commonly owned property and liability for the association.  But that
insurance does not cover losses to your unit, such as those resulting from a burglary or water damage.  It also won't provide liability coverage for injuries in you unit, such as if someone slips on your bathroom floor.
That's why you'll want to consider a condominium insurance policy from a reputable insurance company.  This coverage can protect you from losses to your personal property and the interior of your unit, and it will provide you with liability protection for bodily injury or property damage to others.  As you consider condominium insurance, keep in mind that virtually everything you put in your condo, including furniture, personal items and so on, is your responsibility.  You need to know the total value of these belongings so you can get the appropriate amount of coverage.  If you are applying for a mortgage on your condominium, your lender will probably require proof of insurance.  If you pay cash or own the unit free and clear, it's still a good idea to have
adequate condominium insurance coverage.