HB 913 requires every Condominium Association to provide adequate property insurance, and: 

• That the amount of adequate insurance coverage for full insurable value, replacement cost, or similar coverage may be based on the replacement cost of the property to be insured which must be determined at least once every three years.
• Clarifies the Association’s obligation to provide adequate insurance coverage for at least three or more community associations may be satisfied by obtaining and maintaining insurance coverage sufficient to cover an amount equal to the probable maximum loss for the communities for a 250-year windstorm event.

For Reference:

https://www.flsenate.gov/Session/Bill/2025/913