the wife and i are buying a new condo, but the question is do we need condo insurance for the unit?

here are the stats:
-the building is a doorman building with a fully secure entrance
-it is a 14 floor building
-the building was built in 1961 and got a full 15million dollar renovation -in 2006-7 and re opened with a new name as a “luxury” building in 2008
-our unit is on the forth floor with a terrace
-full sprinkler system in every room
-all electric heating, cooling and stove
-fire alarm is electric with battery back up and connected to building so -that if one unit is on fire all the unit alarms go off.
-the unit has a secure lock plus key pad so after you open the door when the alarm is on you need to enter the key code. if the key code is not called the door man will call and if the person who answers doesn’t know your password the police is called.
-there are no rental units in the building. all of the units are owner occupied

also the area is not 100% crime free, but it is a “transitional” community on the rise

however, condo insurance is about $30/month and it seems like i really wont need it in this building, but i was always told that you should always have insurance when you rent or own a place.

would you do it in this building?
the mortgage lender did NOT require condo insurance. i asked… twice.