Florida Insurance Licensing Practice Exam 2026 - Free Insurance Licensing Practice Questions and Study Guide

Question: 1 / 400

In the context of condominium insurance, which policy is considered primary?

The Unit Owners' Policy is primary and the Association Policy is excess

The Association Policy is primary and the Unit Owners' Policy is excess

In the context of condominium insurance, the Association Policy is considered primary while the Unit Owners' Policy is excess. This is because the Association Policy typically covers the common areas and shared structures of the property, while the Unit Owners' Policy covers the individual units. Since the Association Policy provides coverage for a larger portion of the property, it is considered primary. Option A is incorrect because it states the opposite, with the Unit Owners' Policy being primary. Option C is also incorrect because it is possible for both an Association Policy and a Unit Owners' Policy to exist on the same property, especially in larger condominium complexes. Option D is incorrect because Option B is in fact true and the correct answer.

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There never would be both an Association Policy and a Unit Owner's Policy on the same property at the same time

None of the above statements are true

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