Which type of property coverage typically covers building exteriors, roofs, and common areas owned by a condo association?

The correct choice pertains to the type of coverage specifically designed for condominium associations. Condominium association coverage is tailored to encompass the common property that is collectively owned by all unit owners within the condominium complex. This includes the building exteriors, roofs, and shared amenities, protecting the association against specific risks such as damage from fire, vandalism, or certain weather events.

This coverage is essential for maintaining the integrity and collective value of the condominium property, ensuring that the common areas are insured and can be repaired or replaced when necessary without directly impacting the individual owners' units.

The other options focus on different aspects of property insurance. Owner's property coverage is typically aimed at individual unit owners and may cover personal property within their units rather than shared spaces. Personal property coverage often addresses items owned by individuals rather than structural components. Comprehensive coverage is a broad term that may refer to insurance plans covering a wide range of potential damages but isn't specifically aimed at the needs of a condominium association.