Florida Condominium Insurance Frequent Questions
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What is covered by Florida Condominium Insurance?
When you insure your home with Florida Condominium Insurance, you are really insuring several distinct things.
Dwelling
This covers fixtures and changes to the building that the unit owner owns. The Condominium Association is not responsible for these items.
Personal Property
This covers property other than real property, also called contents.
Loss of Use
This pays you when you cannot use property destroyed or damaged by an insured peril.
Personal Liability
This is a form of liability insurance. If you are liable, it reimburses you for money you must pay for damage or injury you cause to others in Florida. It does not include automobile liability. It does include almost every activity except those that arise from running a business, hence the name “personal” liability.
Medical Expense Limit
This pays medical, surgical and hospital expenses. It is a sub-limit of the Personal Liability coverage.
DO YOU NEED FLOOD INSURANCE?
Flooding is not covered by a standard Florida homeowners insurance policy.
To find out if you need flood insurance, ask your insurance professional, mortgage company or neighbors about the flood history in your area. If flooding is possible, consider buying a policy that covers the structure and your personal belongings.
You can buy flood insurance from an insurance agent or company under contract with the Federal Insurance Administration (FIA). The FIA is part of the Federal Emergency Management Agency (FEMA). Flood insurance is available only where the local government has adopted adequate flood plain management regulations under the National Flood Insurance Program (NFIP).