Condo Insurance in Florida
Why do I need condominium insurance? You own a condo and the association has insurance. So why do you need insurance, too? Condominium Associations are responsible for purchasing property insurance to cover the condominium building (outside shell), commonly owned property, and liability insurance for the association. The unit owners are responsible for covering everything inside their units....
Read MoreFlorida Condo Reform Bill
Florida Condo Insurance Reform On June 1st, 2009, Charlie Crist vetoed house Florida House Bill 714, The Condo Reform Bill. The bill is largely criticized for the financial burden it places on associations during a time of great economic strife in requiring that Condo Associations retrofit their buildings with fire sprinklers by 2014. But, this article is to explain a little more about what...
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