Insurance on property; right to insure units
- Statute:
- North Carolina §47A-24 · Chapter 47A (Unit Ownership Act (pre-1986 condos))
- Topic:
- Insurance & Liability · Insurance
- Applies to:
- Condo associations
The association keeps insurance on the property as the declaration or bylaws require. A unit owner may insure the owner's own unit at the owner's expense.
📄 Read the official text at ncleg.gov →
How SoShiny helps with Insurance on property; right to insure units
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 North Carolina §47A-24 require?
- The association keeps insurance on the property as the declaration or bylaws require. A unit owner may insure the owner's own unit at the owner's expense.
- Who does North Carolina §47A-24 apply to?
- North Carolina §47A-24 applies to Condo associations in North Carolina.
- What happens if our pre-1986 condo doesn't comply with §47A-24?
- Non-compliance can expose the association and individual directors to disputes in the governing forum for North Carolina community associations. SoShiny's audit trail and documented workflows are designed to demonstrate good-faith compliance.
- Where can I read the official text of North Carolina §47A-24?
- The official text is published by the North Carolina General Assembly at ncleg.gov. The summary on this page is for plain-English reference only and is not legal advice.
- How does SoShiny help with Insurance on property; right to insure units?
- 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 North Carolina §47A-24 prepared by SoShiny for board members and managers. For binding legal advice or interpretation, consult a North Carolina-licensed attorney. For the official statutory text, see the link above.
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