Many people do not understand what they are responsible to insure when it comes to their association vs. unit owners. It is assumed that the unit owner protects their personal belongings inside their home and that the association covers the rest. This is not true. Many associations will only rebuild up to the drywall, without paint or texture, leaving the cabinets, bathtubs, flooring, and other improvements up to the unit owner to replace. Make sure you take the time to understand how the CCR's for your association read and what your responsibility is as a unit owner. Also take a look at the following information as to how to properly insure your condo so that you can get everything back in the event of a loss.
http://www.allstateagencies.com/SteveSherman/AllstateProducts/article.aspx?binderid=191498483160&prodid=4
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