This portion of a condo association policy covers that physical value (as opposed to the market value) of all complex buildings, along with other, miscellaneous structures and contents. Property coverage shields the complex against:
Water damage (excluding flooding events)
Hurricanes and other storms
With the increase in hurricanes and related damage over the last several decades, Florida property coverage premiums have risen enormously for condo associations. Not to worry-Community Associations Insurance of Florida can shop multiple carriers, with access to multiple insurance options to meet the needs of every situation and circumstance.