DO I NEED HOA INSURANCE IN THE STATE OF FLORIDA?
If you live in the state of Florida, there are certain homeowners association requirements. First, you need to cover all of what the HOA owns within the insurance policy. This will refer to buildings as well as land and landscaping. It is also required that you have liability insurance for your HOA. The liability insurance can cover you if someone tries to sue based on an injury. There are basic requirements when it comes to HOA insurance in the state of Florida, but you may decide that you need more than the minimum amount of insurance coverage. You can always consult with an insurance agent to talk about the different HOA insurance requirements as well as the additional coverage options you may want for your HOA. Higher levels of insurance can give you higher levels of protection for your property.