Continuing my state-by-state review of mandatory condominium insurance requirements, this post will look at New Mexico—The Land of Enchantment.
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Is Your Oklahoma Condominium In Compliance With The Law? Mandatory Oklahoma Insurance Requirements
Many states require condominium associations to maintain property insurance for the common areas of the building but leave it up to the unit owners whether they want to insure their individual units or personal belongings. Oklahoma, however, is different and does not require the association to obtain insurance for the property.
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Is Your Texas Condominium In Compliance With The Law? Mandatory Texas Insurance Requirements
Condominium associations in Texas should look to the Texas Property Code §82.111 to ensure that they are in compliance with the condominium insurance requirements in the state.
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Is Your Iowa Condominium In Compliance With The Law? Mandatory Iowa Insurance Requirements
Continuing my state-by-state review of mandatory condominium insurance requirements, this post will look at Iowa—The Hawkeye State.
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Is Your Florida Condominium In Compliance With The Law? Mandatory Florida Insurance Requirements
Condominium associations in Florida must look to Florida Statute §718.111(11) to determine whether they are in compliance with insurance requirements for the state of Florida.
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Is Your Missouri Condominium in Compliance with the Law? Mandatory Missouri Insurance Requirements
Continuing my state-by-state review of mandatory condominium insurance requirements, this post will look at Missouri—The Show Me State.
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Condominium Association Board Members and Property Managers Must Obtain Flood Insurance If It is Available
Many state statutes and condominium bylaws require the purchase of reasonably available property insurance which covers all direct physical risks of loss on an extended and replacement cost basis. One issue I have heard associations and their insurance agents ask: “Is flood insurance reasonably available” so that it has to be insured.
This question was
Is Your Indiana Condominium in Compliance with the Law? Mandatory Indiana Insurance Requirements
Continuing my state-by-state review of mandatory condominium insurance requirements, this post will look at Indiana—The Hoosier State.
Condominium insurance requirements in Indiana are detailed in the Indiana Code. Section 32-25-8-9 discusses insurance and co-owners, stating in part:
Sec. 9. (a) The co-owners, through the association of co-owners, shall purchase:
1. A master
Is Your Delaware Condominium in Compliance with the Law? Mandatory Delaware Insurance Requirements
Continuing my state-by-state review of mandatory condominium insurance requirements, this post will look at Delaware—The First State.
Georgia: Board of Directors Discretion to Purchase Insurance
Georgia as many other states through the years have developed better insurance codes and laws to protect and benefit insureds. An example are the changes that have occurred regarding the Board of Directors discretion to purchase insurance policies with limited coverage.
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