I would say speak to your insurance agent to make sure. They may have certain criteria that has to be met and may need to contact the HOA to get the most current information. If you are looking to purchase a in Malibu or any of the surrounding area, feel free to contact me and I can email you a list of properties that fit your criteria.
I will be there from 1-5pm (serving Cookies & Brownies) so if you stop by...I will have my laptop with me and can show you all the HOAs in Malibu...and which ones are better than most....and much more strategically priced.
Iâ€™m not in your area and I am not familiar with the Rey de Copus Malibu Villas specifically. However, in general, you really only have the jurisdiction to decide to purchase insurance for your personal items within a condo.
Typically, the Lender requires an HO6 policy, which is designed for the owners of condos and includes coverage for the part of the building owned by the insured and for the property housed within. You may also be asked to obtain insurance that covers such specific things as the cabinets, sinks, toilets, etc.)
The HOA has the jurisdiction over the "walls out" insurance and they make the decision on whether earthquake insurance will be carried as well. I have only come across one HOA that carried the latter in the SF Bay Area.