Most standard, individual condo insurance covers:
Personal property: Helps replace belongings stolen or lost in a covered incident (like a fire). Your stuff can even be protected on the go.
Personal liability: If someone is injured inside your unit, or you accidentally injure someone away from home, this helps protect your assets and savings.
Damage to unit structure: Unlike in an apartment, in a condo you own everything inside your unit's walls — like carpeting, ceilings, and countertops. So, it's up to you to insure them.
Additional living expenses: If your condo is damaged to the point that it's uninhabitable, this helps relocate you and pay living expenses while repairs are made.
How much condo coverage do I need?
As a general rule, it's best to get as much as you can comfortably afford. Also think about how much the HOA master policy already covers and how much it would cost to rebuild the interior of your condo.