My husband and I purchased a condominium. The Association insures the building. Do we need other insurance?
The homeowners association only insures the part of the building and unit as is outlined in the CC&Rs (Conditions, Covenants & Restrictions). In most cases, this is on a “bare walls” basis, meaning the association is only responsible for the bare walls of the unit. As the unit owners, you and your husband are responsible for the interior, including interior walls, paint, floor covering, kitchen cabinets and appliances and bath fixtures.→ Read More