Florida Condo Insurance vs. the Association Master Policy

A condo association’s master policy generally protects property and liability interests assigned to the association, while a unit owner’s policy can address personal belongings, interior responsibility, loss of use, personal liability, and certain assessments. The governing documents and both policies determine where that boundary falls.

Map the Boundary Before Choosing Limits

Under Florida Statute 718.111, unit owners are typically responsible for everything from the unpainted drywall inward: flooring, cabinetry, interior doors, appliances, and fixtures. Verify what the association’s master policy covers (bare walls vs. single entity).

Loss Assessment Coverage is Critical

When an association suffers major storm damage that exceeds master policy limits or deductibles, the association may levy a special assessment against all unit owners. Loss Assessment coverage on your HO-6 policy helps protect your personal finances.