§ 34-36-29. Insurance.
(a) The manager, management committee, or association of unit owners, if required by the declaration, bylaws, or by a majority of the unit owners, or at the request of a mortgagee having a first mortgage of record covering a unit, shall have the authority to, and shall, obtain insurance for the property against loss or damage by fire and other hazards under the terms and for amounts as shall be required or requested. Insurance coverage shall be written on the property in the name of the manager, management committee, or association of unit owners, as trustee for each of the unit owners in the percentages established in the declaration. Premiums on insurance shall be common expenses. Provision for insurance shall be without prejudice to the right of each unit owner to insure his or her own unit for his or her benefit.
(b) In the event a unit owner sustains damage to their unit as a result of an event that is covered under the insurance coverage purchased in accordance with subsection (a), then, upon written request to the condominium association, the unit owner shall be entitled to a written copy from the condominium association of the insurance company damage appraisal, or any damage appraisal in regard to damage to the owner’s unit, within fourteen (14) calendar days of the date of the unit owner’s request, or within fourteen (14) days of the association’s receipt of the damage appraisal, whichever is later. If coverage for the damage to a unit is denied for any reason, or is deemed to be valued below the policy deductible, then the unit owner shall also be entitled to receive, from the association, a copy of the letter detailing the determination.
History of Section.P.L. 1963, ch. 181, § 1; P.L. 2016, ch. 433, § 1; P.L. 2016, ch. 434, § 1.
Structure Rhode Island General Laws
Chapter 34-36 - Condominium Ownership
Section 34-36-1. - Short title.
Section 34-36-2. - Applicability.
Section 34-36-3. - Definitions.
Section 34-36-4. - Units deemed separable.
Section 34-36-5. - Units may be held in ownership as in other property.
Section 34-36-6. - Exclusive ownership and possession.
Section 34-36-7. - Incidents of ownership.
Section 34-36-8. - Compliance with declaration and rules.
Section 34-36-9. - Alterations.
Section 34-36-10. - Declaration — Recording.
Section 34-36-11. - Deeds — Contents.
Section 34-36-12. - Recording of instruments affecting property — Separate index.
Section 34-36-13. - Survey map.
Section 34-36-14. - Descriptions of unit.
Section 34-36-15. - Bylaws — Recording.
Section 34-36-16. - Bylaw provisions.
Section 34-36-17. - Records of management.
Section 34-36-18. - Release of initial liens.
Section 34-36-19. - Unit liens.
Section 34-36-20. - Common expenses — Payment.
Section 34-36-21. - Interest of unit owner acquired on forced sale.
Section 34-36-22. - Removal of property from application of chapter.
Section 34-36-23. - Resubmission of property to chapter.
Section 34-36-24. - Common profits and expenses — Distribution and charging.
Section 34-36-25. - Voluntary conveyance of unit.
Section 34-36-26. - Liability of unit owner for common expenses absolute.
Section 34-36-27. - Separate assessment for taxation.
Section 34-36-28. - Perpetuities and restraints on alienation.
Section 34-36-29. - Insurance.
Section 34-36-30. - Reconstruction on insured loss.
Section 34-36-31. - Repairs on insured loss.
Section 34-36-32. - Sale or disposition of entirety.
Section 34-36-33. - Actions relating to common areas.
Section 34-36-34. - Liability of unit owners, tenants, employees.
Section 34-36-34.2. - Punitive damages — Attorney’s fees.
Section 34-36-35. - Chapter supplemental.
Section 34-36-36. - Severability.
Section 34-36-37. - Rights of tenants upon conversion to condominium ownership.
Section 34-36-38. - Applicability of local ordinance, regulation, and building codes.