Living in areas prone to natural disasters will cause extra coverage needs such as flood and earthquake insurance policies. These insurances may be purchase by contacting your insurance agent or representative.

If you own items that carry high dollar values such as collectibles, antiques, etc. it might be in your best interest to acquire additional coverage due to the typical $1,000 to $2,000 limits on theft regarding those items on a typical policy.

This may or may not be included in your standard policy. This covers water damage from backed up drains and sewers therefore check your policy to determine if you are covered or not.

If a disaster event such as fire occurs in a common area shared by all owners this would reimburse you should the event be a covered loss. Typically all owners are charged for repair fees stemming from the loss.

You may receive more liability protection and wider coverage than what is typically covered on standard policies and is generally inexpensive.
You may also be eligible for discounts due to installing and maintaining smoke detectors that notify an outside service. There may also be discounts for insuring your individual insurance policy with the same company that provides the Master Policy. Make sure to inquire about discounts when purchasing policies.