---
title: "Florida HB913: New Rules for Condos/Co-ops - Godbey Giardina"
description: Learn how Florida’s HB913 changes condo and co-op insurance rules — from full-value coverage to new appraisal and carrier requirements.
---

[Property Damage & Personal Injury Blog | GGLG Insights ](https://www.g-glawgroup.com/blog)

# [Florida HB913: New Rules for Condos/Co-ops - Godbey Giardina](https://www.g-glawgroup.com/blog/floridas-hb913-new-insurance-rules-for-condos-and-co-ops)

 Written by [Aaron Godbey](https://www.g-glawgroup.com/blog/author/aaron-godbey) | Nov 7, 2025 4:25:42 PM

On **June 23, 2025**, Governor **Ron DeSantis** signed **House Bill 913 (HB913)** into law, introducing major updates for **condominium and cooperative associations** across Florida. While HB913 covers reserve funding and transparency, one of the most impactful changes involves **new insurance requirements** designed to strengthen oversight and protect property owners.

## Why HB913 Matters

HB913 was crafted in response to the financial and safety challenges that followed the **Surfside condominium collapse** in 2021. Previous legislation tightened inspection and reserve mandates, which caused **rising assessments and insurance costs** across the state.

The goal of HB913 is to **balance safety with affordability**, giving associations more flexibility while ensuring continued accountability and oversight from state regulators.

## Insurance Requirements Under HB913

Florida’s new condo insurance rules introduce three key mandates that associations must follow.

### 1. Independent Insurance Appraisal Every 3 Years

HB913 requires an **independent insurance appraisal** at least once every three years. To calculate the proper coverage amount, associations must use a **“competent model” for hurricane loss projection** approved by the **Florida Commission on Hurricane Loss Projection Methodology**.

This ensures that coverage amounts reflect **realistic replacement costs** and **current hurricane risk data**, protecting associations from underinsuring their properties.

### 2. Full Insurance Value or Replacement Cost Coverage

Associations must now carry insurance that covers the **“full insurance value” or replacement cost** of their buildings.

This means policies must be sufficient to **rebuild or fully restore** the property after a covered loss — not just pay out a depreciated value. By enforcing this, the law helps **protect condo owners** from gaps in coverage and ensures that **post-storm repairs are fully funded**.

### 3. Non-Surplus Carrier Requirement

HB913 also prohibits associations from relying on **surplus lines insurers**, which are typically **less regulated** and may apply **out-of-state laws**.

Instead, policies must be reviewed and approved by the **Florida Department of Insurance**, ensuring that coverage is provided by **admitted carriers** subject to Florida’s consumer protection laws and regulatory oversight.

This step enhances transparency and **strengthens financial security** for condo and co-op communities.

## What Boards and Owners Should Do Now

### Review Existing Policies

Boards should immediately **review current insurance coverage** to confirm it meets the **full-value and replacement cost requirements** and is underwritten by an insurer regulated by the Florida Department of Insurance.

### Schedule Independent Appraisals

Under HB913, an **independent insurance appraisal** must be completed **every three years**. The **Godbey Giardina Law Group** can assist associations in reviewing and documenting compliance with these new mandates.

### Prepare for Budget Adjustments

These new insurance requirements may impact **association budgets and assessments**. Boards should prioritize **transparency and communication** with owners when discussing policy changes and cost implications.

## Conclusion

**HB913** reinforces Florida’s commitment to safe, financially stable condominium and cooperative living. By mandating **full-value insurance coverage**, **independent appraisals**, and **state-regulated carriers**, the law helps ensure that associations are prepared for future storms and unexpected losses.

Condo and co-op boards should act now to **review coverage**, **budget for appraisals**, and **stay compliant**—protecting both their communities and their long-term financial health.

 

[View full post](https://www.g-glawgroup.com/blog/floridas-hb913-new-insurance-rules-for-condos-and-co-ops)

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