Orlando, FL (openPR) 11 November 2008 – Most condo associations have a policy to insure the control of all property and common areas are collectively the owners of condominium units. This policy of the rule to the outer structure of the individual condominium unit, but let each owner is responsible for the interior (just before the drywall). And, are by Randy Walters, vice president of Candor Insurance Group, property managers prepare condominium in Florida with House Bill 601 to comply with Florida before the end of this year.


Top

in January 2009, the property manager of the Florida condominium to require that the unit owner of a real policy in force, which should include a “loss assessment” rate of return of at least 000 and will list the association as an additional insured. The tire is that if this coverage is not in existence, the club can purchase insurance in his name and the price of one, the owner of the unit. Ownership Policy generally cost around 0 per year for 000 and 0000 of property insurance.


Some condo owners

to change the law may be of minor importance, as they already bear the appropriate policy for appropriate limits. However, homeowners struggling now with scores in the year 2006, the tripling of premiums condominium master insurance coverage is just another cost to bear. “Although the short term, significant additional costs, it is certainly the right thing to do in the long run,” said Walters. And for many condo owners, the new law to avoid confusion about adequate coverage for their homes.


Since

mortgage lenders require a policy to control condo association to the place that bought and paid for by the association, some condo owner was a misconception that if their unit was destroyed in a fire pay, that the master policy would to their units, including the new interior. > “Is the new law, this gap in coverage now achieved, and it is a good thing,” says Walters.


About

Candor Insurance Group:

Candor Insurance Group is a division of serving AgelessCare, LLC, a licensed General Insurance Agency 10 States. Product offerings include home, auto, health, life and liability insurance business. For more information visit http://www.CandorIG.com.

Media:

Randall Walters (407) 622-5489 ext 2818
>
Rwalters@candorig.com p /
P

###
clear = “all”
Condominium Property Management