The Condominium Insurance Amendment Act of 2025 modifies insurance responsibilities for condominium unit owners and associations.
The Condominium Insurance Amendment Act of 2025 establishes that if damage originates from a unit, the unit owner is responsible for the association's property insurance deductible up to $25,000. If the damage originates from common elements or outside the building, the deductible becomes a common expense. The act also mandates specific insurance coverage limits for unit owners, including personal property, personal liability, additional living expenses, and loss assessment coverage.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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