No, a standard home insurance policy (HO-3) does not cover condos or rental units.
If you want coverage for a condo, you will need to purchase a condo insurance policy, also known as an HO-6 insurance policy. Condo insurance is similar to home insurance in that it covers repairs to the interior of your condo unit, your personal belongings, liability, medical payments to others, and additional living expenses. The exterior of the building is covered by the homeowners association master policy.