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Harris Insurance

Harris Insurance of Florida: Auto, Homeowner, Business, Life, Watercraft, More

Condominium Coverages

Everything you Need to Know as a Condo Unit Owner

In Florida, it is the condominium association's responsibility to protect all commonly owned property but each unit owner is responsible for their own liability and property insurance. A condo unit owners policy protects you much like a homeowners policy. It includes your personal belongings, liability, loss of use and optionally loss of rental income and loss assessment coverage. Whether your condo is a primary or secondary residence, these coverages deserve your consideration.

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Examples of when YOU need Condo Insurance:

  • 1 There’s damage to the interior of your unit. As a condo owner, you don’t own the building but you do own your unit which includes the interior fixtures. Usually, it’s up to you to protect your belongings from the “walls in” including flooring, appliances, furniture, personal belongings, etc.
  • 2 Your belongings are damaged or stolen. Your HOA’s insurance wouldn’t cover you for fire or lightning damage to your belongings, appliances or equipment or if your condo was burglarized or vandalized or broken into. You would need to file a claim through your policy and it would step in to help you cover the replacement cost of your personal property and interior build out.
  • 3 A guest is injured while visiting or staying in your condominium. Bodily injury or property damage occurring inside your unit is your responsibility. A properly written unit-owners policy, protects you with first dollar legal defense and liability coverage.
  • 4 You can’t live in your condo due to damage covered by your policy. Tragedies such as fire or otherwise that are determined within your particular policy could cause you to reside elsewhere while repairs and renovations are completed. If your unit is uninhabitable, your insurance can help you cover living expenses elsewhere.
  • 5 The damage exceeds the HOA’s policy limit. If there’s a catastrophic claim and your HOA’s policy limit is exhausted, each unit owner would need to contribute funds to make up the difference. If you have “loss assessment” coverage on your condo insurance, this charge could be partially or totally covered.

These are just examples to demonstrate some of the exposures unit-owners face and are responsible for. There are loads of other’s including water damage, backing up of sewers & drains, wind driven rain, loss of rental income and more.

Here are two real claim examples that we’ve seen:

  • A condo was rented to a family for the weekend. One of the children tripped over a lamp’s electrical cord and broke their arm. The parents sued the insured for medical payments and a failure to maintain a safe environment, and the insured incurred a claim of $6,400.
  • A guest tripped and fell on a condo building’s outdoor patio area and injured her leg. She sued the condominium association for medical expenses, and the association’s general liability policy responded. However, the association had a $10,000 general liability deductible that it assessed to all owners, requiring each owner to pay $1,000.
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What your Association’s Insurance is Responsible for:

  • Damage to the Building’s Exterior
  • Damage to Common Areas and Shared Amenities
  • Injuries to guests occurring in a common area

Hazard Insurance Including Wind Responsibilities as Governed by Florida Statute 718

Condominium Association Responsibility Individual Unit Owner Responsibility
ROOF AND ROOF COVER
  • Structural Framing and Roof Cover
EXTERIOR WALLS
  • Paint, Stucco, Insulation, Studs, Concrete Block, Brick, etc.
UNIT INTERIOR WALLS
  • Party Walls, Unfinished Drywall, Insulation, Metal and Wood Studs
COMMON AREA
  • Interior Walls
  • Studs, Block and Drywall
  • Flood, Wall, and Ceiling Finishes
UNIT INTERIOR
  • Floor, Wall and Ceiling Finishes
  • Paint, Carpet, Tile, etc.
UNIT AND COMMON AREA
  • Structural Floors
  • Structural Ceilings
  • Structural Walls




COMMON AREA AIR CONDITIONERS
COMMON AREA ELECTRICAL
COMMON AREA ELECTRICAL
INTERIOR UNIT COMPONENTS
  • Appliances
  • Electrical Fixtures
  • Water Heaters
  • Cabinets
  • Air Conditioners
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Legal notice: This is a general broad description of insurance coverages. These statements do not amend, modify or supplement any insurance policy. Information described herein or anywhere on this website is not intended to be indicative of coverage you may have purchased or coverage which may or may not be available to you by the insurance company providing coverage. Always read your policy for coverage details, descriptions, conditions and exclusions that may be applicable to you.