Are Florida condo assoc required to carry insurance?

Additional Information:

Our condo’s insurance policies have been canceled and/or not renewed due to run down condition of our buildings and property. Are we legally obligated to carry insurance? Located east of I-95 in palm beach co,fl. Thank you

ATTORNEY ANSWER:

Typically, condo associations require their owners to carry homeowners insurance on their units. You should review the condo documents to see what they say regarding such a requirement. Also, if the condo owners have mortgages, lenders typically require them to carry homeowners insurance on their units.

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