Insurance for Condo Associations in Florida

This summary is to provide information to help Florida Condo Associations understand their financial responsibility when buying Condominium Insurance. Florida has three important property coverages condominium associations may purchase to protect their interests Fire, Wind/ Hurricane and Flood. Liability coverage is available to address claims filed as result of accidental injuries to others and unintended property damage for which the association may become legally responsible. Other coverages include hired and non owned auto, Crime/Fidelity Bond, Directors and Officers Coverage, Umbrella and Workers Compensation if Association has employees. A detailed discussion will be included in the buyers guide.