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New Condo Insurance Law for January 2009

By
Real Estate Agent with Mizner Grande Realty - Boca Raton, Florida Waterfront Expert

Starting January 1, 2009 the law requires that condo owners purchase hazard insurance and put their Association down as an additional insured.

This actually has always been in force but the new part is that you have to put the Association down as an additional insured.  Many condo associations don't really check this and this law has been very confusing from day one and might very well be changed when the legislature meets in March. Consult your insurance agent or attorney on the best route to take.

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