We own several condos and are required to provided full coverage for the entire assessed value of the condo even though our responsibility is with the interior for coverage.

Also, if this is a common issue, we are looking for suggestions for other insurance products that will provide additional liability coverage above and beyond the coverage the hazard policy will cover on each individual property.Thank you!

Based on coverage/ price

There are some lesser known ones that can provide very comprehensive reports on local rental markets and help you estimate rent. 

Medical Payments: Provides coverage for an injury suffered on the premises.

You may need to purchase additional insurance that you do not have now, Directors & Officers coverage, Workers Compensation, Fiduciary coverage, etc that are normal to Insuring a Condo Association,Association Bylaws and Declarations need to be drafted by an Attorney experienced doing it.  

Then I would consider an umbrella insurance policy to increase coverage over all your properties.

Then I would consider an umbrella insurance policy to increase coverage over all your properties.

Minimum of 40% cash on cash return if cash is stuck in the propertyCash as mentioned above and a DCR (Debt Coverage Ratio): 1.66 or higher. 

I have a "Landlord Condo Insurance Quote" through Geico who I use for my primary residence that covers Dwelling, Household Furnishings, Loss of Use, Personal Liability (up to $500k), Medical Payments, Replacement Cost Household Furnishings, Building Ordinance or Law Coverage, Limited Fungi or Other Microbes Liability & Remediation.