Tuesday, July 18, 2023

Condo associations say HOA insurance rates are soaring — leading to higher fees and special assessments

Credit: 10 Tampa Bay

Florida's insurance crisis is rapidly trickling its way down from single-family homes to condominiums.

Homeowners associations report insurance quotes are skyrocketing, leaving unit owners — many on fixed incomes — facing steep increases in monthly payments or even special assessments.

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