CONDO INSURANCE FYI !

Oct 1st 2008

Related Posts: Government, Real Estate News, What If Realty News

hi

Since 2004, Florida’s Condominium Act has required unit owners to maintain hazard insurance on their units - separate and above the hazard insurance on the common areas paid for by the condo association. HB 601 provides condo associations a way to enforce These insurance standards by requiring unit owners to provide proof of insurance every year. If a unit owner fails to provide a certificate of insurance, the association may purchase insurance on the owner’s behalf and assess the unit owner for the cost of the insurance. This effects all Florida Real Estate. Download it in PDF format at http://laws.flrules.org/files/Ch_2008-240.pdf,

This entry was posted on Wednesday, October 1st, 2008 at 6:03 am and is filed under Government, Real Estate News, What If Realty News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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