Bill > B26-0495

This bill amends the Condominium Act of 1976 to establish more comprehensive insurance requirements for condominium unit owners in the District of Columbia. The legislation mandates that each unit owner obtain a condominium unit owner's insurance policy with specific minimum coverage, including at least $25,000 in dwelling property coverage, adequate personal property coverage, $500,000 in personal liability protection, 12-month alternative housing coverage, and $25,000 in loss assessment coverage. The bill also introduces new provisions regarding insurance deductibles, stipulating that if damage originates from a specific unit, the unit owner is responsible for the association's property insurance deductible up to $25,000, unless the governing documents specify otherwise. Unit owners must now annually provide evidence of their insurance coverage to the condominium association, and if they fail to do so, the association can obtain a policy on their behalf and charge the premium to the unit owner. Additionally, the bill requires all unit owner-obtained insurance policies to include a waiver of subrogation with respect to the unit owners' association and its policies, providing more clarity and protection for all parties involved in condominium ownership.

Housing and Urban Affairs

https://lims.dccouncil.gov/Legislation/B26-0495