Your board has the responsiblilty to follow your by-laws. Read them. No doubt you will find that the board must carry proper insurance. You can threaten to take the matter to court, and you may have too.

Please contact our office for a free consultation. We would be happy to schedule a meeting with the association's board members to discuss the issues surrounding your insurance policy, any outstanding claims or delay and denial of claims. We also understand the many personalities involved in working with a condominium association, including the board members, condo owners and contractors and therefore offer the necessary flexibility to get the insurance claim resolved as expeditiously as possible while working with the many role players. Call our office of Zevuloni & Associates, Public Adjusters at 954.742.8248 or email administrator@florida-pa.com

Still cant get any real answers on this matter?  
The condo docks only state that mandatory insurance is needed such as liability and fire nothing regarding wind or flood this is truly insane and the only thing the state of Florida requires full flood and wind is in condos with more thin 18 apt. units? thats totally unfair to those of us living in condo units with less then 18 apt units ? make no sense.

The Board under FS 718 has a mandatory fiduciary responsibility as a BOD member and to the homeowners of the community, I would say if you contacted your insurance company under the D & O policy and explain it to them with a threat to sue, you may get a different response if the Board members thought you were going to sue them. 

Often, the unreasonably high cost for flood insurance is the reason many condominium associations are reluctatnt to spend the money on a flood insurance policy. In many cases the premiums for condominium flood insurance, particulary for newer condominiums along the coastline, can be $100,000's.  
 
 
 
In a number of cases, we have found thatthe the FEMA flood maps incorrectly identify flood risk, or elevation certificates are innaccurate. A review by a professional, experienced in the practical application of the National Flood Insurance Program (NFIP) may be able to uncover unecessary costs.  
 
 
 
Let me know if you have any questions.