Clarifies how condominium insurance deductibles and unpaid losses are divided between associations and unit owners, require owners to insure units if associations do not, and allow boards to manage and use insurance proceeds for repairs.
Introduced on 2/27/26
Summary
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From the Legislature
PROPERTY -- CONDOMINIUM OWNERSHIP - Clarifies how condominium insurance deductibles and unpaid losses are divided between associations and unit owners, require owners to insure units if associations do not, and allow boards to manage and use insurance proceeds for repairs.
Sponsors
DDD
3
0
Democratic CaucusRepublican Caucus
Calendar
Mar 26
12:00 AM
House Corporations Hearing