There are three pre-existing policies that might be involved in this situation: your homeowner’s insurance, the homeowner’s association’s insurance, and any renter’s insurance purchased by the person renting the condominium. The answer will depend on the terms of each of these policies, considered together, but probably the combination will not provide full protection. You may want to purchase a type of insurance for landlords, or you may want to add an endorsement to your homeowner’s insurance policy. In addition, you may want to require your prospective tenant to purchase a certain type of insurance as a condition of the lease.