Your Condo Fee should cover your property insurance. However, you would want to get content insurance and that will vary due to what you include. Consult your Condo docs to see whats included in your Master Insurance and than speak with a local insurance agent for the rest.... more
The major difference between a condo and homeowners policy is who insures the building. If the association has a master policy covering your home, then you need insurance to cover the parts of your home they do not insure. Some examples may be drywall, flooring, cabinets, and any upgrades you made to the home. It really depends on what the master policy covers. Some cover your home and anything besides your personal belongings.
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