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Weather changes insurance rules

Special correspondent
Published:   |   Updated: March 13, 2013 at 05:51 PM

Q: A few years ago the state passed a law that owners had to purchase condominium unit insurance. Recently I found a change in the current law that condominiums could no longer force an owner to buy insurance. Can you help me with this information?

B.B., Orlando

A: After the four hurricanes hit Florida in 2004, it turned out that many owners of damaged condominium units had no insurance, and they failed to make repairs. Some units developed mold and mildew, and many units became a problem for their associations.

The state took notice and the law (Florida Statutes 718) that required all owners to purchase insurance was changed.

However this knee-jerk change to the law resulted in serious problems. The state recognized the burden to some owners who wished to self-insure, and over the years the law was modified to reduce the requirement. Eventually, the law was repealed.

But before owners drop their insurance coverage, I suggest they study their personal financial position. Insurance is a protection against catastrophic events. Personal condominium property insurance is usually a cost that is affordable and will help in events other than hurricanes. Insurance is a small cost that we pay to prevent a large and crippling loss.


Richard White is a licensed community association manager. He does not offer legal opinions; any other questions and comments concerning association operations can be sent to Richard White, 6039 Cypress Gardens Blvd., No. 201, Winter Haven FL 33884-4115; or email camquestion@cfl.rr.com.
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