You need a condo owners policy. You will have to check with your condo association to find out what part of the interior you are responsible to insure. You could be responsible for as much as the studs in and all nonloadbearing walls. This would include all drywall, wall coverings (paint, paper), flooring, cabinetry, interior doors, trim, etc. Or, the association may have bylaws that say the master policy is "all in" which covers the interior of the unit as originally built & you would have to cover any changes that were done since the unit was built (which could have been a total remodel so be careful). Once you determine that, the association can sometimes help you on an approximate amount of dwelling coverage (or additions & alterations or improvements & betterments - depends on the company the terminology they use) you need. If they don't know, your insurance agent should be able to help you on this too. You will need to purchase dwelling coverage, an endorsement called Unit owners special coverage A endorsement so that you are covered on the building for open perils (covered unless excluded) instead of named perils (only covered if listed). You will need to purchase contents coverage in an amount to replace all of your personal possessions. Loss of use will be a percentage of the contents limit. You will also need to purchase loss assessment. This covers you if you are assessed for a loss to common property that is not covered by the master policy. Only $1,000 of this can go to the deductible on the master policy. But, you should still purchase the $50,000 maximum (this is the maximum I've seen on most policies, if you can get more, get it). It will cost probably under $30 per year (depending where you live). Also, purchase at least $500,000 liability (this is VERY cheap, cheaper than the loss assessment in most cases) & $5,000 medical payments. You get what you pay for. It is cheaper to be properly covered in the event of a loss, then to be underinsured. Most condo policies I write are in the $200-300 range. If you need to skimp anywhere, take a higher deductible & maybe take less contents coverage. Take as much contents coverage as you need to get yourself some decent clothes & furnish your place with some average furniture.