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2003 SESSION

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HB 2213 Condominium Act; responsibility for insurance deductibles.

Introduced by: Terrie L. Suit | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Condominium Act; responsibility for insurance deductibles. Provides that except to the extent otherwise provided in the condominium instruments, any insurance deductible under the master casualty policy shall be paid by the unit owners’ association as a common expense if the cause of the damage to or destruction of any portion of the condominium originated in or through the common elements. However, a unit owner shall pay such deductible if the cause of any damage to or destruction of any portion of the condominium originated in or through a unit or any component thereof without regard to whether the unit owner was negligent.


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