(Emily Cabadas is a Merlin Law Group attorney in the Chicago, Illinois office) In Illinois, Section 12 of the Illinois Condominium Property Act (765 ILCS 605/12) requires condominium associations to have property insurance that covers the common elements and units. This includes the limited common elements and, except as otherwise determined by the board of managers, the bare walls, floors, and ceilings of the unit. More specifically, 765 ILCS 605/12 states: (a) Required coverage.