Sweeping Increases Overwhelm Condo Associations and Owners In a dramatic turn of events that’s sending shockwaves through homeowner communities, insurance rates for condo associations have surged drastically. Across the nation, residents and HOA’s are overwhelmed with increases ranging from 50% to over 500%, with states like Hawaii and Florida facing staggering hikes due to their vulnerability to hurricanes. Financial Shock Hits Retirees Hard The cost of property insurance, the most significant expense for Hawaiian Homeowners Associations, has seen a dramatic rise. For instance, a 400-unit project that previously had an…
Read MoreSky-High Condo Association Insurance Rates Upend Lives, Rattle Industries
