What HB 913 Requires Condo Association Insurance Policies to Include

Quick Answer: The Insurance Requirements in HB 913

House Bill 913, signed June 23, 2025 and effective July 1, 2025, updated the insurance provisions of Section 718.111(11), Florida Statutes. For a condominium association's property insurance policy, the law requires:

1. Adequate property insurance based on replacement cost. Coverage must be sufficient to rebuild or restore the property after a covered loss, not merely to pay a depreciated value, and this applies regardless of any lower coverage language in the association's declaration.
2. Replacement cost determined at least once every 3 years. The coverage amount may be based on the replacement cost of the property as determined by an independent insurance appraisal or an update of a previous appraisal, and that replacement cost must be determined every 3 years at a minimum.

That is the core of it. HB 913 did not add coverage for tenant personal property, did not mandate flood coverage through the National Flood Insurance Program, and did not require unlimited liability coverage for board members. Those are common misreadings, and we address each one below.

The Three Year Appraisal Cycle

The provision boards ask about most is the appraisal cycle. Under Section 718.111(11), the amount of adequate property insurance may be based on the replacement cost of the property to be insured, as determined by an independent insurance appraisal or an update of a previous appraisal. The replacement cost must be determined at least once every 3 years.

HB 913 made a subtle but meaningful wording change here. Before the bill, the statute said the coverage amount "must be based" on that appraised replacement cost. HB 913 revised this to "may be based," which gives associations some flexibility in how they document the coverage amount. The three year replacement cost determination remains the anchor. In practice, most boards will continue to order an independent appraisal or an appraisal update on that cycle, because it is the cleanest way to demonstrate that coverage is adequate.

The practical stakes are real. Construction labor and material costs in Florida have risen substantially, and an association relying on a coverage number set five or six years ago may be significantly underinsured without knowing it. If your association cannot say when its replacement cost was last determined, that is the first item to run down.

What HB 913 Does Not Require

Because the bill covered so much ground, its insurance provisions are often summarized inaccurately. Three points worth clearing up:

• Tenant and unit owner personal property is not the association's responsibility. Section 718.111(11)(f) has long excluded personal property within a unit from the association's policy, along with items such as floor, wall, and ceiling coverings, appliances, water heaters, built-in cabinets and countertops, and window treatments. Those remain matters for the owner's individual policy. HB 913 did not change that allocation.
• Flood coverage through the NFIP is not mandated by HB 913. Flood insurance may still be prudent, and lenders or the association's own risk profile may call for it, but the bill's insurance provisions concern replacement cost property coverage, not a federal flood program requirement.
• Unlimited liability coverage for board members is not required. Directors and officers coverage remains a separate, standard policy decision for associations. No Florida statute requires unlimited liability limits.

The Association Policy and the Owner Policy Draw Different Lines

The association's property policy covers the condominium property as required by the statute and the declaration, essentially the building and common elements as originally installed. The unit owner's policy picks up personal property and the interior finish items listed in Section 718.111(11)(f). Boards can save owners real confusion by communicating this split clearly, especially to new owners who assume the association's policy covers everything inside their walls.

Every association's declaration and policy language differ, so the exact boundary should be confirmed with the association's licensed insurance adviser and attorney. This article is general information, not legal or insurance advice.

Where Insurance Fits in the Larger Compliance Picture

The insurance appraisal answers one question: what would it cost to rebuild this property today? Your reserve study answers a different one: what will it cost to maintain and replace the building's major components over their useful lives? Both are part of the same stewardship obligation, and HB 913 tightened the rules on each. For the full picture of the bill, see our overview of what HB 913 means for your condo association, along with our guides to Structural Integrity Reserve Studies and milestone inspection requirements.

A current replacement cost appraisal also feeds better board decisions elsewhere. It informs budget conversations, supports reserve planning discussions, and gives directors a defensible record that they addressed coverage adequacy, which matters for their own fiduciary exposure.

What Your Board Should Do Now

Pull the date of your association's last insurance appraisal or appraisal update. If replacement cost has not been determined within the past 3 years, schedule an appraisal now and put the cycle on the association's compliance calendar alongside its inspection and reserve study dates. Review the coverage split with your insurance adviser so the board can explain to owners what the association's policy covers and what it does not. Then confirm with counsel that your declaration's insurance language does not conflict with the current statute.

Primary sources reviewed July 18, 2026: Florida Senate HB 913 (2025) and Florida Statute 718.111.