You hope you'll never need to use your condo insurance, but in case you do, it's good to have the best protection possible for your belongings, personal liability, and more.
Theft and damaged: covered
Say you come home from work one evening to find your condo's been burglarized. Aside from the emotional damage, imagine the financial burden of replacing everything that's been stolen. With condo insurance, your belongings are covered whether they're stolen or damaged, so you don't have the added stress of paying to get back on track.
If a guest slips on your recently mopped kitchen floor and gets hurt, you could face an unfortunate legal battle. Condo insurance protects your liability though, in case you (or your clean floor) accidentally cause bodily injury or property damage to others.