Independent educational guide · Sources checked October 15, 2026
The key distinction
A condo master policy and a unit-owner policy can address different property and liability responsibilities. Governing documents and policy wording help identify where those responsibilities begin and end.
A practical scenario
Imagine purchasing a condo near Lake Nona and being told the building is insured. Request the documents that explain the association’s insurance and the owner’s responsibilities. Make an inventory of interior improvements separately from movable belongings. Bring both lists to the review so a licensed professional can identify the relevant coverage questions. The building’s appearance or a brief statement from a seller is not a substitute for reviewing the actual documents with the right people.
Your review checklist
- What does the master policy describe as insured property?
- What do the governing documents assign to the unit owner?
- How are interior alterations and improvements treated?
- Which personal property and liability questions remain?
- Which deductibles or assessments need a separate explanation?
A common question
Does the association’s insurance replace an individual review?
No. Ask how the master policy and the owner’s proposed policy work with the governing documents.
Sources & scope
Insurance Information Institute: condo coverage ↗Sources explain general coverage concepts. Examples are illustrative and do not determine a claim, eligibility, price, or an appropriate personal coverage choice. External references do not establish that the linked insurance destination offers every product or option discussed.