A condo owner should look for coverage tailored to their unique needs, such as a master policy assessment (to cover costs if the condo association’s master policy is insufficient), loss assessment coverage (for shared losses in common areas), and building property coverage (to protect fixtures or upgrades inside their unit, like flooring or cabinets). Unlike home insurance, condo insurance doesn’t cover the building’s exterior or common spaces, as these are handled by the condo association. However, condo owners should verify the type of master policy their association holds—either “all-in” (covers structural elements and fixtures) or “bare walls-in” (excludes anything inside the unit). Additionally, they should ensure their policy covers personal property, liability protection, and additional living expenses if the unit becomes uninhabitable. Flood and earthquake coverage may also need to be added, as these are often excluded from both master and individual condo policies.