Condo insurance reviews require a holistic approach, so it’s important to break the cost into a few distinct categories: insurance premium, deductible expense, and out-of-pocket costs.

So that typical monthly assessment that was increased to $1,000 by rising costs for condo association insurance could go up another $300 to $400, she said.

As insurance premiums surge for condo owners, so do condo association fees. Dues rose 20 percent between 2022 and 2024, according to Rexera’s analysis of 1,800 associations.

Insurance companies now have more incentives to provide condominium coverage after Gov. Josh Green signed a bill on Monday that he hopes will lower rates for condos across the islands—especially ...

Two Florida lawmakers blame insurance companies — not new state law — for helping to fuel a condo crisis that has hit owners with rising fees and assessments in high-rise buildings.

The insurance carriers for 31 entities are contributing toward the $1.02 billion total disbursement. All who settled have denied any wrongdoing and liability.

Florida Condo Insurance Rules Could Get Legal Shake-Up Published Feb 25, 2025 at 9:09 AM EST Updated Feb 25, 2025 at 6:45 PM EST By Giulia Carbonaro ...

It’s creating a domino effect for everyone in “Condoland,” says Sue Savio, president of Insurance Associates in Honolulu, with condo owners, buyers, sellers and lenders all feeling the impact. “It’s ...