I wanted to issue a correction to the above titled blog our agency posted a few months ago. It was recently brought to my attention by Stephen Sarasohn of Sarasohn & Company, Inc. that we overlooked a recommendation in that post. We said, “it is important to review your condo by-laws to understand what you are responsible for insuring vs. what the association will cover.”
In actuality, all condo associations in Florida are governed by legal statute and not association documents. However, this is not the case for a homeowners association insuring habitational structures. As Stephen put it… “It's Florida Statute 718.111 (11) (f) and (j). Paragraph (f) states which parts are insured by the unit owner. Everything else is insured by the association. Paragraph (j) states that, paragraph (f) applies if the damage is caused by an insurable event. If the damage is caused by something other than an insurable event, you refer to the maintenance section of the condo docs.”
As per The Condo and HOA Blog Bulletin, “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.”
We want to apologize for the oversight to our previous post. It is our hope that this serves to correct and expound upon the topics discussed. Please comment or contact us directly with any further comments or engagement.
Written by Robbie Korth
If you have any questions, please feel free to contact Robbie Korth at firstname.lastname@example.org.