Condo association and HOA insurance in Florida
Condo association and HOA insurance is the group of policies a Florida community buys to protect shared property and its volunteer board: property (including windstorm), general liability, directors and officers (D&O), and crime or fidelity coverage. Assure US, an independent agency in North Miami Beach, compares options from multiple insurance companies for boards and property managers.
Florida statute references checked against the 2026 Florida Statutes on October 20, 2026.
What insurance does a Florida condo association or HOA need?
Most Florida associations carry property, general liability, directors and officers (D&O) and crime coverage. Florida's condominium and HOA statutes themselves require two things: adequate property insurance for condominium associations, and insurance or a fidelity bond for everyone who controls association money. Other coverage comes from your governing documents, lenders, contracts and the board's judgment.
| Coverage | What it protects | Who usually requires it |
|---|---|---|
| Property (master policy, including windstorm) | What it protectsThe buildings and association-owned property, such as roofs, common areas, amenities and equipment, against fire, wind, storms and other covered causes. | Who usually requires itCondos: Florida law requires adequate property insurance, with replacement cost determined, by independent appraisal or an update, at least every 3 years (§718.111(11)). HOAs: your governing documents and lenders; chapter 720 sets no property requirement. |
| Flood | What it protectsDamage from rising water to the building and common property, which standard property policies generally exclude. | Who usually requires itOptional under Florida condo law (an association "may" buy it, §718.111(11)(e)). Lenders can require it: federal law bars regulated lenders from making or renewing loans on buildings in special flood hazard areas without flood coverage. Governing documents may require it too. |
| General liability | What it protectsClaims from people injured, or whose property is damaged, because of the association's property or activities, such as a fall in a lobby or at the pool. | Who usually requires itYour governing documents, lenders and contracts, such as vendor and event agreements. Florida's condo and HOA statutes do not set a general liability requirement. |
| Directors and officers (D&O) | What it protectsThe association and its volunteer directors and officers when a decision, or a failure to act, is alleged to be a wrongful act, including defense costs. | Who usually requires itOptional under Florida law: a condo association may obtain it and chapter 720 does not require it. Often required by governing documents or lenders, and commonly chosen by boards to protect volunteers. |
| Crime and fidelity | What it protectsAssociation money lost to theft, fraud or embezzlement by people who handle it, such as the president, secretary, treasurer, check signers and, if endorsed, management company staff. | Who usually requires itFlorida law: condos (§718.111(11)(h)) and HOAs (§720.3033(5)) must maintain insurance or a fidelity bond for all persons who control or disburse funds, covering the maximum funds in custody at any one time. |
| Umbrella and excess liability | What it protectsExtra liability limits that apply after the general liability limit is used up. | Who usually requires itOptional. Governing documents, lenders or contracts may set minimum limits, and boards of larger communities often consider it. |
| Workers' compensation | What it protectsMedical care and lost wages for employees hurt on the job, such as maintenance, security or front-desk staff on the association's payroll. | Who usually requires itFlorida law (chapter 440): private employers with four or more employees, or one or more in construction. Whether someone counts as an employee depends on the facts. |
| Equipment breakdown | What it protectsSudden mechanical or electrical breakdown of building equipment such as pumps, air conditioning, electrical systems and generators. | Who usually requires itOptional. Governing documents, lenders or underwriting may call for it; Florida's condo and HOA statutes do not require it. |
Condo unit owners buy a separate policy for their own unit. See condo (HO-6) insurance for unit owners to understand where the association's coverage stops and theirs begins.
Sources: Florida Statutes §718.111: association powers and insurance; Florida Statutes §720.3033: HOA officers, directors and fidelity coverage; Florida Statutes chapter 720: homeowners' associations (full chapter); Florida Statutes §440.02: workers' compensation definitions; 42 U.S.C. §4012a: flood insurance purchase requirement
Condo association vs HOA insurance: what's different?
The main difference is what the association insures: a condominium association insures the building and common elements under chapter 718, while an HOA under chapter 720 usually insures only the common-area property it owns, because homeowners insure their own houses.
| Topic | Condominium association | Homeowners association (HOA) |
|---|---|---|
| Governing law | Condominium associationCondominium Act, Florida Statutes chapter 718 | Homeowners association (HOA)Homeowners' Associations, Florida Statutes chapter 720 |
| Typical community | Condominium associationA building or buildings where owners hold units and share common elements, from low-rise to high-rise towers | Homeowners association (HOA)A neighborhood of single-family homes or townhomes with shared amenities such as gates, pools and clubhouses |
| What the association insures | Condominium associationThe condominium property as originally installed, plus approved alterations, except items inside units that Florida law assigns to owners (§718.111(11)(f)) | Homeowners association (HOA)Property the association owns or must maintain, such as the clubhouse, pool, gates, signs and landscaping features. In some townhome communities the declaration also assigns building exteriors to the association, so read yours |
| What owners insure | Condominium associationTheir own HO-6 policy: belongings, interior finishes and fixtures the master policy leaves out, personal liability and loss assessment | Homeowners association (HOA)Their own homeowners policy on the house, belongings and personal liability |
| Insurance the statute requires | Condominium associationAdequate property insurance, and insurance or a fidelity bond for people who handle funds | Homeowners association (HOA)Insurance or a fidelity bond for people who handle funds. An HOA can waive it each year by majority vote of the voting interests present at a properly called meeting (§720.3033(5)) |
| Where to read more | Condominium associationCondo association insurance in Florida | Homeowners association (HOA)HOA insurance in Florida |
Sources: Florida Statutes §718.111: association powers and insurance; Florida Statutes §720.3033: HOA officers, directors and fidelity coverage
How do milestone inspections and SIRS affect condo insurance?
Milestone inspections and structural integrity reserve studies (SIRS) are condominium safety and funding requirements rather than insurance requirements, but they put a building's condition and reserve funding on paper, and insurance companies may ask to see them when they underwrite or renew a condo association.
These rules began with Senate Bill 4-D in 2022 and have been amended by SB 154 (2023), HB 1021 (2024) and HB 913 (2025). The dates below come from the 2026 Florida Statutes.
What Florida law requires and when
| Requirement | What Florida law says | Key dates |
|---|---|---|
| Milestone inspection (§553.899) | What Florida law saysResidential condominium and cooperative buildings of three habitable stories or more need a structural inspection by a licensed architect or engineer. Phase one is a visual examination; phase two is required if substantial structural deterioration is found. | Key datesBy December 31 of the year the building reaches 30 years from its certificate of occupancy, then every 10 years. Buildings that reached 30 before July 1, 2022: before December 31, 2024. Buildings that reach 30 on or after July 1, 2022 and before December 31, 2024: before December 31, 2025. A local enforcement agency may require 25 years instead and may extend a deadline for good cause. |
| Structural integrity reserve study (§718.112(2)(g)) | What Florida law saysResidential condominium buildings of three habitable stories or higher need a SIRS at least every 10 years. It covers the roof, structure, fireproofing and fire protection, plumbing, electrical systems, waterproofing and exterior painting, windows and exterior doors, and other items over $25,000 (or the inflation-adjusted amount) whose failure would affect those systems. | Key datesAssociations that existed on or before July 1, 2022 and are controlled by unit owners: by December 31, 2025. An association that must complete a milestone inspection on or before December 31, 2026 may complete the SIRS together with it, but a SIRS may not be completed after December 31, 2026. |
| Reserve funding (§718.112(2)(f)) | What Florida law saysAn association that must have a SIRS may not vote to provide no reserves, or fewer reserves than required, for the SIRS items, and may not use those reserves for other purposes. Limited exceptions apply, for example to some multicondominium associations. | Key datesBudgets adopted on or after December 31, 2024. |
| Board duties | What Florida law saysWillful and knowing failure by officers or directors to complete a SIRS or a required milestone inspection is a breach of their fiduciary duty to unit owners. The association must distribute the inspector's summary, and the SIRS or notice of its availability, to owners. | Key datesWithin 45 days after receiving the report or study. |
What boards can do on the insurance side
- Send your agent the latest milestone inspection report and SIRS with the renewal submission.
- Share repair plans and timelines for items the reports flag, such as the roof, waterproofing, windows or structure.
- Plan how the association would fund its insurance deductible alongside reserve contributions and any repair work.
- Remember that property insurance responds to sudden covered losses. Policies generally exclude wear and tear and deterioration, so maintenance still has to be funded.
Florida changes these rules often. Confirm how the deadlines apply to your building with your association attorney, your engineer or your local building official. For the insurance details of a condominium, see condo association insurance in Florida.
Sources: Florida Statutes §553.899: mandatory structural inspections (milestone inspections); Florida Statutes §718.112: bylaws, reserves and structural integrity reserve study; Florida Senate: SB 4-D (2022), chapter 2022-269; Florida Senate: SB 154 (2023), chapter 2023-203; Florida Senate: HB 1021 (2024), chapter 2024-244; Florida Senate: HB 913 (2025), chapter 2025-175
How do we work with boards and property managers?
We start with your documents and your current policies, then market the account to multiple insurance companies and present the results side by side in plain language, so the board can decide with the full picture.
Review your documents and current coverage
We read the insurance sections of your declaration and bylaws, then your current policies, appraisal date and loss runs (claims history). Your property manager can send documents on the board's behalf.
Market the account to multiple insurance companies
We send a complete submission to the insurance companies that write associations like yours, so the board is not limited to a single quote.
Present options side by side
Coverage, limits, deductibles, exclusions and price are laid out in one comparison, in plain English or Spanish, for the board and the manager.
Start the renewal calendar early
We begin months before expiration, so appraisals, inspection reports and board decisions are not squeezed into the last weeks.
Work with you in English or Spanish
Our team is bilingual, so board members, managers and owners can ask questions in the language they are most comfortable with.
What should a board gather before the insurance renewal?
Gather your governing documents, current policies, latest replacement cost appraisal, loss runs and building details, and send them to your agent well before the policy expires so there is time to market the account.
- Declaration of condominium or covenants, and bylaws, including the insurance sections
- Current policies with declarations pages and endorsements: property, flood, general liability, D&O, crime, umbrella and workers' compensation
- Latest replacement cost appraisal and its date (for condominiums, Florida law requires replacement cost to be determined at least every 3 years)
- Loss runs (claims history) from the current and prior insurance companies
- Building facts: year built, stories and units, construction type, roof type and age, windows, sprinklers, fire alarm and elevators
- Flood zone, elevation information and any past flood claims
- For condominiums: the milestone inspection report, the SIRS and any repair plans
- Amenities and activities: pool, gym, marina, playground, events and rental rules
- Staff and vendor details: payroll for any employees, plus management, security and landscaping contracts with insurance requirements
- How much money the association holds at one time and who signs checks, which sets the crime coverage amount
- Lender or contract insurance requirements, and the board minutes recording the deductible decision
- Current budget and reserve funding plan
Sources: Florida Statutes §718.111: association powers and insurance
Which insurance page fits your association?
Choose the page that matches your community: condominium associations, homeowners associations, or D&O and crime coverage for any board.
Condo association insurance
Master policy, wind and hurricane deductibles, flood, appraisals and how SIRS fits in.
Read the condo association guideHOA insurance
What HOA insurance covers: common areas, liability, D&O, crime, umbrella and staff.
Read the HOA insurance guideD&O and crime insurance
What D&O and fidelity coverage protect, common exclusions and who must be bonded.
Read the D&O and crime guide
Frequently asked questions
Is insurance required for a Florida condo association?
Yes, in part. Florida law requires every condominium association to have adequate property insurance and to maintain insurance or a fidelity bond for people who control or disburse association funds. Other coverage, such as general liability, D&O and flood, is usually set by the declaration, lenders and the board's own decisions.
Do Florida HOAs have to carry insurance?
Chapter 720 requires insurance or a fidelity bond for everyone who controls or disburses association funds, covering the maximum funds in custody at one time. It does not set property, liability or D&O requirements, so those come from the declaration, lenders and contracts, and many boards buy them to protect the community and its volunteers.
When is a condo milestone inspection due?
A residential condo building of three habitable stories or more needs a milestone inspection by December 31 of the year it reaches 30 years from its certificate of occupancy, then every 10 years. Buildings that turned 30 before July 1, 2022 were due before December 31, 2024. A local government can require inspection at 25 years instead.
What is a structural integrity reserve study (SIRS), and when was it due?
A SIRS is a reserve study of a condo building's roof, structure, fire protection, plumbing, electrical systems, waterproofing, windows and doors, required at least every 10 years for buildings of three habitable stories or higher. Existing unit-owner-controlled associations were due by December 31, 2025, or together with a milestone inspection due by December 31, 2026, but never later than that date.
Does the association's policy cover what is inside my unit?
Usually not. Florida law excludes from the association's property policy the owner's personal property and items inside the unit such as floor, wall and ceiling coverings, electrical fixtures, appliances, water heaters, built-in cabinets, countertops and window treatments. Owners insure those with a condo (HO-6) policy. Your declaration can add responsibilities, so read it.
Can Assure US review our current association policies?
Yes. A licensed Assure US agent reviews your governing documents, current policies, appraisal date and loss runs, then compares options from multiple insurance companies and explains them to the board in plain English or Spanish. You can request a coverage review online, call our North Miami Beach office or message us on WhatsApp.
Florida laws and sources used on this page
Statute references were checked against the 2026 Florida Statutes on October 20, 2026. Florida changes these laws often, so confirm current requirements with your association attorney.
- Florida Statutes §718.111: association powers and insurance
- Florida Statutes §720.3033: HOA officers, directors and fidelity coverage
- Florida Statutes chapter 720: homeowners' associations (full chapter)
- Florida Statutes §440.02: workers' compensation definitions
- 42 U.S.C. §4012a: flood insurance purchase requirement
- Florida Statutes §553.899: mandatory structural inspections (milestone inspections)
- Florida Statutes §718.112: bylaws, reserves and structural integrity reserve study
- Florida Senate: SB 4-D (2022), chapter 2022-269
- Florida Senate: SB 154 (2023), chapter 2023-203
- Florida Senate: HB 1021 (2024), chapter 2024-244
- Florida Senate: HB 913 (2025), chapter 2025-175
Ready to review your association's insurance?
Send us your governing documents, current policies and renewal date. A licensed Assure US agent reviews them, markets the account to multiple insurance companies and walks the board through the options in plain English or Spanish.
This page is general information, not a coverage recommendation. Policies and requirements vary; a licensed Assure US agent will review your association's documents and policies.