On a homeowners policy you cover the building.
Both policies offer coverage for liability, personal belongings, and loss of use. Check with your association to find out what coverage you need then call a couple of agents to get a fair comparison to make your decision. Good Luck
The Home Insurance Specialists http://www.getgliga.com
I have a friend that pays about $200 per year for 65k for real estate property granite counter tops, tile, etc, etc, etc,) and 30k personal property (furniture, appliances, clothing, TVs, home theaters, etc).