Depending on the dwelling insurance that your condominium association’s master policy provides, you might or might not need to purchase additional coverage within your own condo policy.
An all-in master policy insures all surfaces, structures and built-in features (I.e., cabinetry) on both the exterior and interior of the unit. Therefore, the condo owner will only need to insure their own possessions on their personal policy.
Bare walls-in master policies do not cover any of the structural features within your four walls. Therefore, you will need to purchase your own dwelling insurance to insure features like appliances, bathroom fixtures and installed lighting.