Condominiums
Condominium owners should know that condo insurance includes two parts.
- First, the building must be insured by all condo owners.
 - Second, each condo owner must insure, under a separate policy, his/her business supplies, equipment, merchandise, improvements and general civil liability, according to his/her business activities.
 
Three types of additional coverage can be added to condominium insurance policies: 
- improvements
 - underinsurance coverage for buildings
 - allocation for common areas
 
Be aware!
If you sit on the board of directors of a condominium corporation, consult the Directors and Officers section to protect yourself against the decisions you make on behalf of all the members of your condominium corporation.