Insurance
- Statute:
- Colorado §313 · Part CCIOA-3 (CCIOA Part 3 — Management of the Common Interest Community)
- Topic:
- Insurance & Liability · Insurance
- Applies to:
- HOA associations
Beginning no later than the first conveyance of a unit to a person other than a declarant, the association must maintain property insurance on the common elements, liability insurance, and, if it has employees or a manager who handles funds, fidelity insurance, in the amounts and on the terms this section sets. Deductible responsibility may be addressed in the declaration or by policy.
📄 Read the official text at leg.colorado.gov →
How SoShiny helps with Insurance
SoShiny is built around the Florida statutes from day one. The features that help you comply with this section are part of every plan — no add-ons, no per-document fees.
See the feature → Start freeFrequently asked
- What does Colorado §313 require?
- Beginning no later than the first conveyance of a unit to a person other than a declarant, the association must maintain property insurance on the common elements, liability insurance, and, if it has employees or a manager who handles funds, fidelity insurance, in the amounts and on the terms this section sets. Deductible responsibility may be addressed in the declaration or by policy.
- Who does Colorado §313 apply to?
- Colorado §313 applies to HOA associations in Colorado.
- What happens if our CID doesn't comply with §313?
- Non-compliance can expose the association and individual directors to disputes in the governing forum for Colorado community associations. SoShiny's audit trail and documented workflows are designed to demonstrate good-faith compliance.
- Where can I read the official text of Colorado §313?
- The official text is published by the Colorado General Assembly at leg.colorado.gov. The summary on this page is for plain-English reference only and is not legal advice.
- How does SoShiny help with Insurance?
- SoShiny is built around the Florida statutes from day one. The features that help you comply with this section are part of every plan — no add-ons, no per-document fees. Learn more →
Not legal advice. This page is a plain-English summary of Colorado §313 prepared by SoShiny for board members and managers. For binding legal advice or interpretation, consult a Colorado-licensed attorney. For the official statutory text, see the link above.
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