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Condo insurance costs vary. The cost of condo insurance, on average, ranges from $100 to $400 per year, depending on the value of your personal property and the type and amount of coverage you carry.
On your condo policy, you'll likely need just enough dwelling protection to rebuild the interior of your unit (everything from the wall studs in). Repairs on the outside of the building, exterior walls, hallways, elevators, etc., if they were ever destroyed by a covered risk, would fall under the HOA insurance. In some cases, your HOA includes coverage for the interior structures of your unit, too, which could lessen how much condo insurance you need. Under homeowners insurance Dwelling coverage under homeowners insurance should be high enough to cover the total rebuilding cost of the house and other structures on your property (fences, sheds, carports, etc.). Because the price to rebuild is often higher for homes than condos, homeowners tend to require a good deal more dwelling and structural coverage.