One of three approaches used for condominium insurance coverage.
Under a "bare walls" approach, the condominium association insures
only the bare structure of the individual condominium building;
the structure, fixtures, and furnishings of collectively owned areas;
and the collectively owned personal property of the association.
Under this methodology, individual unit owners are responsible for
insuring building property they own and use exclusively, such as
sinks, built-in cabinets, appliances, flooring, and wallpaper (along
with any improvements and betterments) in their individual units
under the homeowners (HO) 6 or unit owners form. The other two methods
to coordinate this coverage are the "single entity" coverage and
the "all inclusive" coverage. The condominium association rules
and covenants typically specify which approach is required. See
also Single entity coverage
All inclusive coverage.