A condominium association's board may, under its declaration, bylaws, or rules, require unit owners to maintain insurance.
This may include coverage for:
- Personal liability
- Damage originating from the unit
- Association or owner deductibles
- Interior finishes
- Appliances
- Floor coverings
- Improvements
- Personal property
This is why condo owners should review both:
Association Master Policy
and
Individual HO-6 Policy
Read more:Illinois Condominium Property Act — Unit Owner Insurance