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.

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.

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Real-estate agent Paul Gangi was days away from closing a sale of his listing in Shadow Ridge, a 440-unit townhouse and condo complex in Ventura County, Calif., in December.

Original photo courtesy: Mariya Oliynyk, Unsplash.com Honolulu’s condominium market is starting to show the effects of skyrocketing insurance rates for homeowners associations: The number of condo ...

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. State Sens ...

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Right next door, the 109-unit Grand Coquina Condo went from paying $207,000 for property insurance in 2022 to $680,000 for 2023, a 228% increase, said Jeff Sussman, the association’s treasurer.