AL HB574

Condominium and attached housing owners must maintain property insurance covering all direct physical loss risks in an amount of at least 150 percent of the actual cash value of the property.

Condominium and attached housing owners must maintain liability insurance including medical payments coverage for death, bodily injury, and property damage arising from use, ownership, or maintenance of common elements.

Building owners may inspect adjoining attached buildings upon written notice if they detect water damage, water seepage, or mold on a common wall or structure.

Property owners or tenants receiving inspection notice cannot unreasonably deny access, which must occur during reasonable hours and solely for determining the source of water damage, seepage, or mold.

The act becomes effective on the first day of the third month following passage and gubernatorial approval.