Condominiums - Unit Owner Responsibility for Damage or Destruction and Mandatory Insurance Coverage

Summary

The bill requires every unit owner in a residential‑only condominium to maintain a property insurance policy that meets detailed coverage minimums, including liability, loss‑of‑use and deductible protection. Owners must prove they have the policy each year, and if they fail, the condo council can purchase insurance for them and charge the cost as an assessment. The measure aims to ensure adequate protection for owners and the condo association’s interests.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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