Fannie Mae and Freddie Mac revised condo project and insurance rules, easing some costs but tightening reserve and review requirements. The homeowner insurance woes facing many Americans are having a unique impact on condominium owners, too. Aging condos and deferred maintenance are sending condo insurance premiums soaring through the ...

Understanding the Context

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 after ... Sun Sentinel: Condo association insurance costs doubled since 2022, new data shows Property insurance costs in Florida continued to rise between the first and second quarters of the year, and condo associations have been hit hardest during that time. The average cost of a commercial ...

Key Insights

Bamboo Insurance has announced the launch of its Bamboo Condominium Unit‑Owners (HO‑6) insurance policy. The new product marks a milestone in the company's continued expansion and reflects its focus ... Relief for many Hawaii condominium owners paying sky-high insurance premiums may be available soon under a state program. Administrators of the state’s dormant Hawaii Hurricane Relief Fund are ... KITV 4 Island News: State efforts to lower condo insurance costs paying off After insurance rates jumped 100 to 500% for island condominium buildings, the state turned to the Hawaii Hurricane Relief Fund for some relief — and that move is now paying ...

Final Thoughts

Yahoo: Florida condo crisis: HOA's insurance can block owners from refinancing. This man's did. Anticipating a refinancing offer that could save him $647 a month, Dave Mayers of Jupiter instead got a jolt of reality: The deal was nixed after lenders saw the level of insurance his condominium ... Florida condo crisis: HOA's insurance can block owners from refinancing. This man's did.