Florida Condo Insurance | 850-769-2225 | Condo Owners and Association Insurance Quotes

Frame: Buildings where the exterior bearing walls are wood or other combustible materials, including construction where combustible materials are combined with other materials such as brick, stone veneer, wood ironclad, and stucco on wood.

Masonry:Exterior bearing walls constructed of masonry materials such as adobe, brick, concrete, gypsum block, hollow concrete block, stone, tile or similar materials and floors and roof of combustible construction (Disregarding floors resting directly on the ground).

Masonry Veneer: Exterior bearing walls of combustible materials veneered with brick or stone.

Superior Construction:Non-Combustible – Exterior bearing walls, floors and roof constructed of, and supported by metal, gypsum, or other noncombustible materials.

Florida Statue 718 defines the building insurance responsibility of the Condominium vs. the Condominium Unit owner. Approximately 70% of the condominium building value is the responsibility of the condominium association and about 30% is the unit owner’s responsibility. The Hazard values (Fire & Wind) which the individual unit owners are responsible for include:

• Floor Coverings  - carpet, tile, vinyl, wood in the individual unit
• Ceiling Finishes  - paint, sprayed finishes within the individual unit
• Wall Finishes  - paint, wallpaper, or ceramic tile within the individual unit
• Electrical Fixtures  - appliance refrigerator, stove, dishwasher water heaters, bathroom fixtures,
• Built In Cabinets
• Alterations improvements and betterments

Insurance Companies that provide condo unit owner policies recommend dwelling / additions and alterations coverage of a MINIMIUM of $40 a square foot.

The cost per foot increases based on type of construction and the finish of the unit.

Contents are always the insurance responsibility of the owner of the unit. Contents can be defined as anything that would fall out if the unit was turned upside down.