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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 ...
‘I’ve paid about $20,000 in additional assessments’: Florida condo owners are getting hammered by skyrocketing insurance, dues, special assessments — but 1 small group is taking a stand
The report is just a small sector of the large-scale issue in Florida’s condo and property insurance crisis. A May report from the Florida Office of Insurance Regulation noted that the average ...
Per the new Florida law, all three-story-plus condo buildings and at least 30 years old must undergo a mandatory engineering assessment before Dec. 31, 2024. Condo associations must also shore up ...
Health. Home & Garden ... insurance companies often leave Florida ... the tri-county area had 12,925 condo associations as of December 2023 — that’s about 26% of the 50,000 condo associations ...
More on condo issues: As developers buy old Florida condos, at least owners don’t have to pay for costly repairs Rescuers search through the rubble of the Champlain Towers south condo collapse ...
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