Information on FLORIDA Condo Law

Every property insurance policy issued or renewed on or after January 1, 2009, for the purpose of protecting the condominium must provide primary coverage for:

All portions of the condo property as originally installed or replacement of like kind and quality, in accordance with the original plans and specifications.

All alterations or additions made to the condo property or association property pursuant to s.718.113(2).

THE COVERAGE MUST EXCLUDE all personal property within the unit or limited common elements, floor, wall, ceiling coverings, electrical fixtures, appliances, water heaters, water filters, built-in cabinets and countertops, and window treatments, including curtains, drapes, blinds, hardware, and similar window treatment components, or replacements of any of the foregoing which are located within the boundaries of the unit and serve only such unit. Such property and any insurance thereupon is the responsibility of the unit owner.

The 2024 Florida Statutes

The Florida Condo Insurance Law mandates that condominium associations must carry a certain level of insurance to protect the common elements of the property, while individual unit owners are responsible for insuring their personal property and the interior of their units. Under this law, associations are required to obtain coverage for the structure, shared spaces, and liability, which serves to safeguard the collective interests of the residents. Additionally, unit owners are encouraged to secure their own policies, often referred to as HO-6 policies, to cover personal belongings, improvements, and any necessary assessments from the association's coverage gaps. This legal framework emphasizes the importance of comprehensive insurance to mitigate risks and ensure financial stability in the event of unforeseen damages, fostering a well-protected living environment for all residents.