H7852 — Clarifies how condominium insurance deductibles and unpaid losses are divided between associations and unit owners, require owners to insure units if associations do not, and allow boards to manage and use insurance proceeds for repairs.

H7852 — Clarifies how condominium insurance deductibles and unpaid losses are divided between associations and unit owners, require owners to insure units if associations do not, and allow boards to manage and use insurance proceeds for repairs. · Informed CitizenryThis bill clarifies the rules regarding condominium insurance when an incident occurs at a property. Specifically, it addresses how deductibles and any unreimbursed losses should be split between t…Open in Informed Citizenry