Talk With CAM 064: Breaking News, Special Podcast
Thursday, November 20th, 2008Talk With CAM 064: Breaking News, Special Podcast
Show Notes
Just today I receive a call from Rep. Robaina to inform me of the change in wording in the HB 601 where it said that all owners were required to have property insurance on their unit and the association would be named on the loss assessment coverage. He reported that the state legislators would correct the wording and owners would not be required to carry insurance if they wanted to be self-insured. He said that one of the first actions of the new legislators would be to clean up some of the language and make it more clearly in a “Glitch Bill”. He said that the corrections would be transmitted almost immediately to attorneys and managers. In addition, he said that another situation to clear the misunderstanding of two co-owners not to be able to serve at the same time on the board of directors. If there is one unit involved, only one owner can serve at the any one time. If however, the co-owners own two or more units, they cans served since they would each would represent different units.



