Tenn. Code Ann. §66-27-413
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Tennessee Condominium Act -- Insurance
Requires condominium associations to maintain: (1) property insurance on common elements against risks of direct physical loss, with coverage of no less than 80% of total replacement cost (exclusive of land, excavations, foundations); (2) liability insurance including medical payments, covering death, bodily injury, and property damage from common element use/ownership/maintenance; (3) each unit owner is an insured under the policy with respect to common element liability; (4) insurer waives subrogation against unit owners and household members unless loss was intentionally caused.
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Insurance
| Ref | Requirement |
|---|---|
| Requires condominium associations to maintain: (1) property insurance on common elements against risks of direct physical loss, with coverage of no less than 80% of total replacement cost (exclusive of land, excavations, foundations); (2) liability insurance including medical payments, covering death, bodily injury, and property damage from common element use/ownership/maintenance; (3) each unit owner is an insured under the policy with respect to common element liability; (4) insurer waives subrogation against unit owners and household members unless loss was intentionally caused. | |
| (a) | No less than eighty percent (80%) of the total replacement cost of the insured property |
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Legal references last verified April 15, 2026.
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