|C. Personal Property||$25,000|
|D. Loss of Use||$10,000|
|E. Personal Liability||$300,000|
|F. Medical Payments||$1,000|
Note 1: This policy meets the state mandated insurance requirements for condo owners in Florida.
Note 2: I asked my Allstate insurance agent what the cost minimum cost of a policy would be that conformed to the new Florida law.
Note 3: Flood insurance from rising water is not included in homeowner insurance policies. It can be purchased separately for about $150/year. If I lived in a ground floor condo unit or a town home, I would get this insurance too even though we live in a flood zone with a FEMA x500 annual probability of flooding of 0.2% to 1%.
My question - What would be the minimum policies that Green cay Village condo owners could get that would meet the new Florida condo insurance law, for $200,000, 2 bedroom condos and $250,000, 3 bedroom condos?
His answer - I would have to place residents without current insurance with Citizens. The minimum coverage limits would be dwelling $6K and contents $6K. Premium would be approximately $250/yr.
For more information and a quote, contact the Todd Miller Allstate Insurance Agency located just up the street at the corner of Jog Road and Boynton Beach Blvd.
Office: (561) 736-5700
Fax: (561) 736-6868
Email: Todd Miller
Note: Todd Miller is my insurance agent and based on the service he has provided me in the past, I highly recommend him. However, I do not get paid to advertise for him. Also I will accept no responsibility or liability for the service he provides.
Peter Schulz - Editor
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