There is no specific answer to this question that covers every situation. Damages caused to condos are covered by a number of overlapping policies of several condominium insurance policyholders. Some damages are covered by the policy you hold and some are covered by the policy your condo association holds. Some fire damage falls into a gray area and is disputed between several insurance providers. Here are some examples. Damage to the structure that includes your condo unit. Damage to the heating and cooling systems. Damages caused to your personal belongings. Damages to the interior structure of the condo unit. According to the Insurance Information Institute, in some cases, your condo association's insurance policy will provide coverage to your condo unit as it was 1st built. This may also include the bathtub and some other appliances. Your policy would then cover the upgrades and renovations done by you and your other personal possessions up to your coverage limits.