Typically, your condo insurance policy will only cover damage if it results from a named peril. For instance, in case of water damage, your insurer will only cover the damage if it's caused by a named peril, such as a broken appliance. On the other hand, if the damage is caused by a severe storm, your insurer will likely reject your claim, unless you can prove the cause is a covered peril, such as roof damage caused by the storm. With that in mind, the common perils covered under condo insurance in Florida include, among others: Water damage caused by frozen and burst pipes, appliances, or sprinklers Smoke Theft and vandalism Fire and explosion Lightning Windstorm Volcanic eruption Falling objects Third-party vehicles Snow and ice Take note that insurers typically do not cover intentional damage or loss due to negligence. For instance, if you start a fire in your right mind and burn down your condo to receive compensation, the insurance company will deny your claim. Similarly, if an appliance causes water damage over time due to maintenance issues, the insurance provider will deny your claim citing negligence.