{"data":{"id":"us-va/18vac48-45-300","jurisdiction":"us-va","citation":"18VAC48-45-300","heading":"Narrative sections; insurance","body":"The public offering statement shall contain a section captioned \"Insurance.\" The section shall describe generally the insurance coverage provided by the developer or the association for the benefit of time-share owners not otherwise described in the public offering statement. The section shall state, with respect to such insurance, each of the following circumstances, to the extent applicable: (i) property damage coverage will not insure personal property belonging to unit owner; and (ii) liability coverage will not insure against liability arising from an accident or injury occurring within a unit or as a result of the act or negligence of a time-share owner. The section shall include a statement whether the time-share owner is obligated to obtain coverage for any or all of the coverages described. The section shall include a statement indicating that the time-share owner should consult with an insurance professional to determine appropriate coverage.","path":["Title 18. Professional And Occupational Licensing","Agency 48. Common Interest Community Board","Chapter 45. Time-Share Regulations","Part V. Public Offering Statement"],"source_url":"https://law.lis.virginia.gov/admincode/title18/agency48/chapter45/section300/","current_through":"2026 Regular Session (effective July 1, 2026)","vintage":"","retrieved_at":"2026-09-14T04:52:33Z","sha256":"e2b6c9998f20eb6955765f83a844bb75bbc37c9518543f27619b76b46eb3812c","source_id":"us-va-vac","stale":false,"prev":"us-va/18vac48-45-290","next":"us-va/18vac48-45-310"},"notice":"GroundRules: Original legal text. Not legal advice."}