Since your domicile association has its coverage that protects the outside, common areas and so on, you and your insurance are only responsible for what happens inside. More specifically, a domicile policy can defend you with a trio of coverages, including dwelling, personal property, and liability.
Introducing the 3 varieties of condo insurance coverage:
- Dwelling: Protects you in the event of structural damage.
- Personal property: Protects your goodies from theft and damage.
- Liability: Helps to pay expenses like medical bills if you or a guest are injured on your property.