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I live in a condominium and I’ve been told that I need to buy additions and alterations coverage. What is it?

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I live in a condominium and I’ve been told that I need to buy additions and alterations coverage. What is it?

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Additions and alterations are permanent improvements made to condominiums and cooperatives. Many people mistakenly believe that the condominium association’s policy covers interior improvements like floor coverings, cabinets, bookcases, wall coverings, kitchen appliances and light fixtures. Generally it does not. Additions and alterations coverage is protection you can purchase for interior improvements that you’ve made to your condominium or cooperative.

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