similar to homeowners…but a bit different

A condominium association has a “master” insurance policy that covers the association’s building, common property, and liability insurance. Regarding situations such as burglary, smoke damage, or personal liability, you need your condo owner’s protection policy.
Make sure to review your condominium association bylaws to understand your responsibilities.
The condominium association’s master policy covers the exterior walls, making you responsible for the interior and your possessions. It’s important to clarify your responsibilities with your condo association. We recommend ensuring your Dwelling A coverage limit equals the deductible on your Condominium Association’s Master Policy and considering additional coverage based on your needs. If there are changes to the Master Policy or bylaws that may affect your coverage needs, speak with one of our Associates to review everything.