Do I Need Home Insurance For A Condo? 
Condominium coverage requires a different form from the standard homeowners package . However , it provides many of the same coverages . The chief difference is that the structure itself is generally insured under a blanket condominium association policy , not the condominium form . The owner of each unit is normally not responsible for the structure , its maintenance or insurance . The owner of a unit is not responsible for the general areas such as gardens and walkways surrounding the condominium . The owners responsibility is for property contained within the structure , to include internal walls , and paint . When a person purchases a condominium they generally secure a mortgage . The mortgage companies will require the owner to purchase a policy to protect the lenders interest in the property . They want coverage for what they loaned you money to purchase . The amount of coverage under a condominium policy includes the amount required to restore the condominium in the event of a covered loss . At the same time the condominium policy provides a way for the homeowner to insure their own personal property -LRB- furniture , decorations , appliances and other property . -RRB- 