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2. Is insurance contributing to the condo crisis? Florida ... - AOL

   www.aol.com/insurance-contributing-condo-crisis...

   Condo owners must begin reserve contributions in 2025 or 2026. Monthly condo assessment fees jumped by nearly 60% over the past five years in South Florida. Then there are the special assessments ...

3. 'I needed to return to work': Florida condo owners face ... - AOL

   www.aol.com/finance/needed-return-florida-condo...

   Yet another torrid tale has emerged of Florida homeowners being hit with eye-watering special assessment fees as building managers race to be in compliance with a new state law.. This time, it’s ...

4. HOA fees and assessments on the rise as home-insurance ... - AOL

   www.aol.com/finance/hoa-fees-assessments-rise...

   Key takeaways. Increases in homeowners-insurance costs mean that homeowners association fees are on the rise as well. Homeowners may face large one-time special assessments in addition to ...

5. What is the special assessment fee for? - AOL

   www.aol.com/finance/excessive-miami-condo-owners...

   A special assessment fee is paid by condo owners on top of their usual monthly maintenance fees. According to the report, the condo board approved the special assessment fee based on findings from ...

6. Homeowner association - Wikipedia

   en.wikipedia.org/wiki/Homeowner_association

   Special assessments often require a homeowner-vote if the amount exceeds a prescribed limit established in the association's by-laws. In California, for example, a special assessment can be imposed by a board, without a membership vote, only when the total assessment is five percent or less of the association's annual budget. Therefore, in the ...

7. Maryland House Bill 107 - Wikipedia

   en.wikipedia.org/wiki/Maryland_House_Bill_107

   Other media reported that condominium owners in Ocean City were "grappling with substantial financial obligations" as a result of the law. [47] Some firms predicted that the law could put pressure on housing prices and result in a potential rise in "significant special assessments," large shortfalls for reserves, and result in an influx of ...

8. Florida condo owners look at higher costs as new regulations ...

   www.aol.com/florida-condo-owners-look-higher...

   The report is just a small sector of the large-scale issue in Florida’s condo and property insurance ... and then owners were hit with special assessments when repairs finally needed to be done ...

9. Owner-controlled insurance program - Wikipedia

   en.wikipedia.org/wiki/Owner-controlled_insurance...

   An owner controlled insurance program (OCIP) is an insurance policy held by a property owner during the construction or renovation of a property, which is typically designed to cover virtually all liability and loss arising from the construction project (subject to the usual exclusions).