When you own a home, your homeowner's insurance policy covers 
both the building and the personal property inside the building, like furniture, computers, clothes, etc. When you buy a condo, the insurance protection provided by your homeowners' association only protects the structure -- and not the contents of your home. Make sure to get an insurance policy to protect the contents of your home, similar to a renter's insurance policy, to be sure that in case of theft, etc., you're not stuck with a nice, new, but empty, home. These contents policies are quite inexpensive, and can prevent you from losing everything you own other than your home. Not sure who to call? Ask your mortgage broker for a referral or call your car insurance company -- they often provide multiple policy discounts
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