For many Wisconsinites, there might be confusion over why you need condo insurance at all if your HOA already has a master policy for the building.
Essentially, while your HOA's insurance is the main policy used for incidents that happen to the building exterior or common areas (pool, gym, etc.), this coverage typically doesn't extend inside your own unit.
If you, say, leave a candle burning and cause a fire, the repairs would likely have to come out of your own pocket. Similarly, if your valuables are stolen, it's up to you to replace them. Or if a buddy trips on your entryway rug and breaks an arm, it's you that could be held liable, not the HOA.
While it's always smart to review your HOA policy to avoid overlapping with your own coverage, the scenarios above should highlight just how useful personal condo insurance can be (and how relieved you'll feel to have it if disaster strikes).