As property insurance rates are somewhat stabilizing in 2022, umbrella liability rates continue rising for common interest communities.  Five years ago, many community associations were able to purchase umbrella liability limits as high as $50 million for a very economical price. In the past two years, insurance companies have reduced their limits to $5 million or have been forced to exit the market altogether. The very few remaining players have tightened their underwriting guidelines drastically, which has made many associations ineligible and has left insurance brokers fighting to replace coverage with the same expiring limits.   Read the article………………………..