Insurers Flee HOA Market: Is the Condo Boom Heading for a Bust?

/ Owner - January 26, 2025

Insurance companies are increasingly pulling back from offering coverage to homeowners’ associations (HOAs), leading to significant challenges in the condo market across the United States. According to YF’s Claire Boston, this shift is largely due to the rising costs and risks associated with insuring common properties amidst increased frequency of extreme weather events and the aging infrastructure of many HOA-managed buildings.    Read the article…………………………….

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