AZ HB2251

Requires unit owners to report losses to the association before claiming losses under the master property insurance policy, with the association given 10 business days to decide whether to report the claim.

Adds new subsection requiring the association to inform each unit owner annually in writing of their responsibility for insurance deductibles and the specific deductible amounts.

Allows unit owners to report losses under the association's property insurance policy as insured persons, while also requiring them to report losses to the association.

Clarifies that property insurance must cover units if required by condominium documents and specifies that proceeds are payable to the association or insurance trustee, not mortgagees.

Updates language throughout to use gender-neutral terminology and modernizes references to insurance coverage standards and deductible terminology.