Condo insurance will cover damages to your possessions and the interior of your condo from major storms such as hurricanes, windstorms, and tornados. Keep in mind, damages to plumbing, fixtures or wiring may or may not be covered under the condo association’s master policy. In fact, some condo policies may cover fixtures while others only cover bare walls. If the master policy is a “bare walls” policy then you could consider getting an additional condo policy that covers these items.