Property Insurance - Who Is Responsible To Insure?

718.111(11): The association shall require each owner to provide evidence of a currently effective policy of hazard and liability insurance upon request, but not more than once per year. Upon the failure of an owner to provide a certificate of insurance issued by an insurer approved to write such insurance in this state within 30 days after the date on which the written request is delivered, the association may purchase a policy of insurance on behalf of the owner. The cost of such policy, together with reconstruction costs undertaken by the association, but which are the responsibility of the unit owner, may be collected in the manner provided for the collection of assessments.

Unit Owner Responsibility		Association Responsibility
Furnishings, Clothing, Personal Articles Partitions & Non Load-Bearing Inside Walls Pipes Inside Unit Wall Finishes & Surface Paint Bathtub, Toilet, Sinks Refrigerator, Stove, Dishwasher, Compactor Other Appliances Interior Doors, Counters, Cabinets Improvements Added by the Unit Owner		Load-Bearing Walls, Sheet Rock Unfinished Drywall Water Pipes Between & Outside Walls Electrical Wiring & Roofs Windows & Exterior Doors Central Heat & Air Units HVAC Pipes & Systems Common Elements Additions to Association Property

718.111:3(g). All improvements or additions to the condominium property that benefit fewer than all unit owners shall be insured by the unit owner or owners having the use thereof, or may be insured by the association at the cost and expense of the unit owners having the use thereof.

Unit owner insurance requirements include liability and loss assessment coverage minimum of $2,000 for assessments that could be made on owners collectively by the association as a result of direct loss from perils such as fire, lightning & wind.

EXPERIENCE THE DIFFERENCE! CONDO ASSOCIATION COST CONTROL * WIND MITIGATION CLAIMS ASSISTANCE * FLOOD ZONE REVIEW * INS. BUDGET PREPARATION WORKERS COMP EXPERIENCE MOD AUDITS * PROMPT CERTIFICATE ISSUANCE FOR ANSWERS TO YOUR CONDO ASSOCIATION QUESTIONS & RATE RELIEVE CONTACT SUSAN BARRETT OR BRENDA SNIDER 727-863-1149

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