The key differences between condo and home insurance lie in the property coverage and responsibility scope. Condo insurance (HO-6 policy) typically covers the interior of the unit, including walls, floors, and personal belongings, while the exterior and shared areas are covered by the condo association’s master policy. It often includes liability coverage and loss assessment protection for shared community damages. Home insurance (HO-3 policy) covers the entire structure of a standalone home, including the roof, exterior walls, and attached structures, along with personal belongings and liability coverage. Homeowners are solely responsible for the entire property, requiring broader structural coverage. In summary, condo insurance focuses on interior unit protection and shared responsibility, while home insurance provides comprehensive coverage for the entire standalone property.