The New York Times recently had an article on the importance of renter’s insurance; everything the article asserts is true — probably even more true — for owners in condominiums and other community associations. The article encourages buying insurance, but also explains what coverages you should look for, and what to do if you have a claim.
And, as I’ve pointed out previously, it’s really, really important for Utah community association owners to have insurance. Under the new 2011 laws, you’ll be responsible for any damage to your unit and its contents, up to the association’s deductible. And I and many others are suggesting that associations should consider increasing that deductible.