{"data":{"id":"us-in/ic-27-7-18.7-5","jurisdiction":"us-in","citation":"IC 27-7-18.7-5","heading":"Options for co-owners of a condominium to obtain property and casualty insurance coverage; continuing obligation of co-owners to provide coverage","body":"Sec. 5. (a) This section applies to a condominium in which all of the condominium units:\n(1) were designed and built for occupancy by not more than two (2) separate families; and\n(2) contain not more than two (2) separate living quarters.\n(b) Notwithstanding IC 32-25-8-9, the co-owners of a condominium described in subsection (a) may obtain property and casualty insurance coverage for the condominium units through one (1) of the following methods:\n(1) By purchasing a master policy for property and casualty insurance.\n(2) By allowing each co-owner to purchase property and casualty insurance on an individual basis.\n(c) This section may not be construed to relieve the co-owners from any obligation under IC 32-25-8-9 to provide insurance coverage under a master policy for:\n(1) the land on which the condominium is located;\n(2) swimming pools and other recreational facilities; or\n(3) any other parts of the condominium existing for common use.","path":["TITLE 27. INSURANCE","ARTICLE 7. SPECIAL TYPES OF INSURANCE","Chapter 18.7. Property and Casualty Insurance for Condominium Units"],"source_url":"https://iga.in.gov/ic/2026/Title_27.html#27-7-18.7-5","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-25T05:39:04Z","sha256":"f0ba6b53c1330e041f957aae54dab40c290b60521b6895ee47752b1fefae1589","source_id":"us-in","stale":false,"prev":"us-in/ic-27-7-18.7-4","next":"us-in/ic-27-7-19-1"},"notice":"GroundRules: Original legal text. Not legal advice."}