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Condo boards have been hit with higher premiums for their commercial condo association policies — prices increased 6.6% in the second quarter of 2024 compared to the second quarter 2023 ...
Insurance costs are not slowing Florida ... Florida has a high rate of uninsured drivers ... a 2 percent wind deductible on a home with $250,000 in dwelling coverage would be $5,000. Compare ...
Condo sales, on the other hand, are slow because the cost of both buying and owning a condo has surged. Homeowners insurance in Florida increased about 40% year over year in 2023—and a whopping ...
Homeowners insurance vs. condo insurance. Buying a condo is more similar to buying a home than a co-op. When you buy a condo, you own the unit and likely need condo insurance to insure it properly ...
The average rate of car insurance in Florida is $3,945 per year for full coverage, which includes collision and comprehensive insurance, while minimum coverage is available for an average cost of ...
With condo owners slashing prices up to 40% and interest shifting to single-family homes, the market faces volatility, increased scrutiny and potential contraction as insurance companies raise ...
There’s fear of a double-whammy effect: Condo fees have already increased 60% in the past five years thanks to the rising cost of property insurance and because associations are preparing to ...
The average cost of car insurance in Florida is $3,594 per year for full coverage and $1,111 per year for minimum coverage. Florida drivers pay significantly more than drivers in the nation as a ...