HB574 Alabama 2019 Session

Summary

Primary Sponsor

Andrew Sorrell Auditor

Republican

Session

Regular Session 2019

Title

Condominiums and attached housing, property insurance at 150 percent of actual value required and liability insurance covering common areas, required

Description

This bill would require owners of condominiums or attached housing to carry property insurance in an amount of not less than 150 percent of the value of the property and to carry liability insurance on any common element of housing.

This bill would authorize the owner of a building attached to another building the right to inspect the adjoining building in the event of water damage, water seepage, or the presence of mold affecting a common wall or structure.

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Subjects

Insurance