RI H7852

Establishes detailed rules for allocating insurance deductibles between condo associations and unit owners: losses solely to common elements are common expenses, while losses solely to individual units are the responsibility of that unit's owner

Requires unit owners to maintain property insurance covering their unit's deductible amount under the association's master policy, and to insure their own units if the association does not maintain unit coverage

Grants governing boards authority to manage and disburse insurance proceeds for repairs to both common elements and individual units, with the option to directly carry out unit repairs instead of distributing proceeds to owners

Requires associations to provide unit owners with written copies of damage appraisals within 14 calendar days of request, and to notify owners of any coverage denials or determinations that damage falls below the deductible

Mandates associations give unit owners at least 30 days written notice of any changes to the property insurance deductible amount, including a statement of the owner's obligation to notify their mortgagee