Is your insurance good enough if your condo collapses? Here’s what to consider.

Is your insurance good enough if your condo collapses? Here’s what to consider.

Florida is known in the industry as a “bare walls” state, which means condo owners have to cover more items on their own unless an association’s bylaws say otherwise, said Robin Manougian, vice president of the John Manougian Insurance Agency, a division of JGS Insurance in Silver Spring, MD.