Condo insurance covers personal property, liability protection, and structural elements not included in the condo association's master policy. This includes interior walls, fixtures, appliances, furniture, and electronics. Review the policy for specific coverage limits and exclusions.

Your personal property coverage needs depend on the total value of your belongings. Start by creating an inventory of your possessions and their estimated value, including furniture, clothing, electronics, and valuables. Ensure your coverage limit can replace these items in case of theft, damage, or loss.

Condo insurance policies offer various deductible options. A deductible is the amount you pay out of pocket before insurance coverage starts. Opting for a higher deductible can lower your premium but means more expenses in a claim. Conversely, a lower deductible leads to higher premiums but lower out-of-pocket costs during a claim. Find the right balance with help from your insurance agent.