So you did your job as a director and you made sure to purchase
insurance for the association. So what is actually insured?
Florida Statute 718.111 says:
f) 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:
1. All portions of the condominium property as originally
installed or replacement of like kind and quality, in accordance
with the original plans and specifications.
2. All alterations or additions made to the condominium property
or association property pursuant to s. 718.113(2).
If all portions of the condo property as originally installed
are automatically insured, then what isn’t insured?
3. The coverage must exclude all personal property within the
unit or limited common elements, and floor, wall, and 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.
So how Does an Owner Purchase Insurance that will cover their
personal property, floor and wall coverings, electrical
fixtures, appliances, cabinets, countertops, drapes, blinds,
They need to contact an insurance agent and purchase what is
called an HO6 policy?
Are there any other benefits to purchasing and HO6 policy?
Yes. The policy will also cover a unit owner who gets hit with
a special assessment, up to $2,000.00, from their condominium as
a result of a direct loss to the condominium.
Can the Association force owners to purchase an HO6 policy?
There was actually a statute that existed a few years ago that
did allow for this. But it was repealed. So, an association
cannot force an owner to purchase this insurance unless there is
a specific requirement in the declaration of condominium.