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Condo forms are a lot like renters forms, you pretty much own from the walls in, not the structure like you do on a homeowners. Most coverages are listed as open-peril, not the named perils you have, you need ot check your Dec page.
You have to insure to 80% to get replacement cost, otherwise like your 70% you get actual cash value, which is replacement cost - depreciation.
I know my company has a computer program that you put in the features of your home and it gives you a replacement cost estimation, it doesn't matter what you paid for the house.
I'm an agent in Kentucky but insurance laws do vary from state to state, so it is best to check with your agent after consulting your policies.
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