Liability insurance: The general liability insurance policy is the insurance the condo association or HOA buys for most types of personal injury claims. For example, if someone trips on the HOA property or in the Condo Association building and files a suit, the general liability policy is the insurance that provides protection to the Condo Assoication. I recommend that the declaration specifically require the condo board to obtain liability insurance. Many older condo documents require minimal amounts of condo insurance (such as $300,000), which is no longer commensurate with modern day risks.