Some homeowners associations may have a policy that provides coverage for the building exterior and walkways but they do not offer coverage for your personal property, your guest's medical protection and your liability. Other policies may only insure the walls, ceiling and floors of your unit. Therefore, you should read the association bylaws or discuss the type of policy you will need with your homeowners association and your agent before purchasing any policy.
You may not own your home but you still want to protect your assets. Whether the incident occurred within your rented residence or elsewhere, renters insurance may protect your personal property against theft, vandalism, water damage and fire. It may also provide liability coverage which will protect you in the event that someone is injured or you damage another person's property.