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.

Condo associations rely on commercial property insurance policies that are directly tied to the reinsurance market. After the 2023 wildfires and other global climate disasters, the cost of ...

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.

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.

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 ...

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 ...

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 ...

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.