Do I Need Home Insurance For A Condo? 
You might need it if required , but its still a good idea to get it even if not required . When would you be required to get condo insurance ? Sometimes the condo association/HOA requires you to get it when buying the condo . If you had the condo for a while , you will find that you might be required to get it now that you are refinancing your loan through a mortgage company since mortgage guidelines have changed -LRB- which I see a lot -RRB- . Its still a good idea to get it because it provides coverage for your personal items and for the internal items of your property that you improve -LRB- known as betterments . -RRB- It basically fills in the holes and supplements the policy the condo association has on the entire building . Talk to your agent because there are a lot of important reasons to have condo insurance , such as for loss assessment -LRB- commonly found with condos and townhomes -RRB- , losses caused by a neighbor that does NOT have insurance , or losses happening because of your own doing . The insurance only costs $ 100 - $ 400 per year depending on what you need . Protect your investment and get the coverage , even if it isnt required . 