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GA SB230
GA SB230Condominiums; maximum amount of insurance deductibles payable by unit owners; remove the limitation
summary
Introduced
02/20/2025
02/20/2025
In Committee
02/20/2026
02/20/2026
Crossed Over
03/04/2026
03/04/2026
Passed
Dead
Introduced Session
2025-2026 Regular Session
Bill Summary
AN ACT To amend Article 3 of Chapter 3 of Title 44 of the Official Code of Georgia Annotated, relating to condominiums, so as to increase the maximum amount of insurance deductibles payable by unit owners; to provide for notice; to provide for related matters; to repeal conflicting laws; and for other purposes.
AI Summary
This bill, concerning condominiums in Georgia, proposes to increase the maximum amount of insurance deductible that a unit owner can be responsible for paying following a casualty loss covered by the association's insurance from $5,000 to $25,000 per incident. The bill also mandates that condominium associations must notify all unit owners in writing, typically by mail, of any significant changes to their master insurance policy's deductible. This change aims to adjust the financial responsibility for insurance deductibles in condominium associations, with a requirement for clear communication to unit owners about these changes.
Committee Categories
Business and Industry
Sponsors (5)
Last Action
House Second Readers (on 03/09/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.legis.ga.gov/legislation/70638 |
| BillText | https://www.legis.ga.gov/api/legislation/document/20252026/245049 |
| Floor Amend 1 AM 47 0178 | https://www.legis.ga.gov/api/legislation/document/20252026/245050 |
| BillText | https://www.legis.ga.gov/api/legislation/document/20252026/243369 |
| BillText | https://www.legis.ga.gov/api/legislation/document/20252026/234571 |
| BillText | https://www.legis.ga.gov/api/legislation/document/20252026/233326 |
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