Legislation - SB0332

Title: Condominiums - Property Insurance Deductibles - Unit Owner Responsibility
Sponsored by: Senator Kramer
Status: In the Senate - First Reading Judicial Proceedings
Analysis

Synopsis

Increasing, from $10,000 to $25,000, the maximum amount of the council of unit owners' property insurance deductible for which a unit owner is responsible if the cause of damage to or destruction of any portion of the condominium originates from the unit owner's unit; and providing that a contract for the resale of a condominium unit by a unit owner other than the developer is not enforceable unless it contains a written notice of the unit owner's responsibility for the amount of the deductible where damage originates from the unit.

Committees

Original:: Judicial Proceedings

Details

Introduced in a prior session as: HB0449 Session: 2025 Regular Session

Bill File Type: Regular

Effective Date(s): October 1, 2026

History

Legislation History
Chamber Senate Calendar Date 1/23/2026 Legislative Date 1/23/2026 Action First Reading Judicial Proceedings Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Condominiums - Property Insurance Deductibles - Unit Owner Responsibility Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	1/23/2026	1/23/2026	First Reading Judicial Proceedings
			Text - First - Condominiums - Property Insurance Deductibles - Unit Owner Responsibility

File Code

Subjects

Statutes