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For a condo, the HOA will have a master policy that will cover the outside, common areas and things like that. But each owner of a condo has to have their own policy to cover their unit. An HO6 policy will cover from the studs out. Hope this helps!
What state is the association in? In Wi, the policy applies based on what the bylaws state. Verbiage in bylaws can vary greatly, but some has been tried in a court of law. IL is different, I think all bylaws are standard there.