Condo Associations · Florida
Florida Condo Association Insurance & HOA Master Policies
Florida law strictly requires associations to insure buildings at replacement cost. We build comprehensive HOA master policies across multiple A-rated carriers to protect your community.
What does a condo association master insurance policy cover in Florida?
A condo association master insurance policy covers the physical structure of the condominium buildings, roofs, common areas, and shared amenities. In Florida, it also provides vital general liability protection for the property grounds, Directors & Officers (D&O) coverage for board members, and mandatory crime and fidelity bonds to protect community funds.
Condo Association Insurance Coverage, Line by Line
Florida law splits a condo building between the association's master policy and each owner's HO-6 condo insurance. This is where the line usually falls (§ 718.111(11)(f), Florida Statutes).
The master policy covers
- The building structure, the roof and the exterior walls.
- Common elements like hallways, lobbies, elevators, pools and parking garages.
- The rest of the condominium property as originally installed, or replaced with like kind and quality.
- Injuries in the common areas, on the association's liability policy.
- Alterations and additions the association made to the property.
The unit owner's HO-6 covers
- Floor, wall and ceiling coverings inside the unit.
- Electrical fixtures, appliances, water heaters and water filters that serve only that unit.
- Built-in cabinets, countertops and window treatments.
- The owner's furniture and belongings.
- The owner's share of an assessment after a covered loss.
Florida Condo Association Insurance Requirements
The Condominium Act and the milestone inspection law set duties every condo board in Florida has to meet.
| What Florida law requires | What it means for your board |
|---|---|
| Adequate property insurance based on replacement cost, set by an independent insurance appraisal updated at least every 36 months (§ 718.111(11)(a)) | An old appraisal leaves the building underinsured. Ask for the date of your last appraisal before renewal. |
| Insurance or a fidelity bond on everyone who controls or disburses association funds. It must cover the most money the association or its manager holds at one time (§ 718.111(11)(h)) | The limit has to match your reserve and operating accounts, not a round number. We size it from your bank balances. |
| A milestone inspection for buildings three habitable stories or higher by December 31 of the year the building turns 30, then every 10 years. Near salt water, local officials may require it at 25 (§ 553.899(3)) | Many carriers ask for the inspection report. A clean report helps at renewal, and open repairs can limit your options. |
| A structural integrity reserve study at least every 10 years for buildings three habitable stories or higher (§ 718.112(2)(g)) | Reserves for the roof, the structure and waterproofing show carriers the building will be kept up. |
These are the statute's requirements, not legal advice or a quote. Your declaration of condominium and your lenders may require more.
The Condo Master Policy and the Coverage Around It
A master policy is the base. Most boards add three more policies around it. How the master policy and each owner's HO-6 split a loss is explained in our HO-6 vs. master policy guide.
Master property, wind and flood
Insures the building at replacement cost, usually with a separate hurricane deductible. Flood needs its own policy, often through the National Flood Insurance Program.
General liability and umbrella
Covers injuries in the lobby, at the pool or in the garage. A commercial umbrella adds limits above it for a taller building.
Directors and officers
Defends board members sued over assessments, repairs or rule enforcement. See D&O insurance.
Crime and fidelity
Covers theft of association funds by a board member, an employee or the management company, as Florida law requires.
Have This Ready for Your Condo Master Policy Quote
- Your last insurance appraisal and the building's replacement value.
- Your milestone inspection and structural integrity reserve study, if they apply.
- Your declaration of condominium and the current master policy declarations page.
- Five years of claims and your current reserve and operating balances.
Who writes condo association insurance in Miami?
American US Insurance is an independent agency in Kendall. We place master policies for condo boards across Miami-Dade and South Florida. High-rise and coastal buildings get very different answers from one carrier to the next. Your appraisal, inspection reports and loss history decide those answers, so they lead every condo building insurance file we open. We work with boards and property managers on the master policy, wind, flood, D&O and fidelity coverage together. Before renewal, we explain each option to the board in plain terms.
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Send your appraisal, inspection reports, and master policy. We compare multiple A-rated carriers on wind, flood, and D&O to present the clearest, most affordable options to your board.
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