Insurers are dropping HOAs, threatening the condo market

/ Owner - January 25, 2025

Insurance is getting harder to find and more expensive in much of the country. Just ask homeowners’ associations.  Mirroring trends in the single-family home market, insurers are boosting premiums or exiting the business of covering HOAs’ common property entirely, citing rising losses from extreme weather and aging buildings. The steep premium hikes usually end up passed on to individual owners in the form of higher monthly dues.    Read the article…………………………….

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