According to data shared by the Condominium and Access Control Federation, between 2023 and 2024, the cost of condo insurance policy on the island increased in the range of 8% to 30%. Residents of the San Ignacio condominium in San Juan experienced this year an increase of almost double in the cost of their insurance policy, an issue that is replicated throughout the island, according to Myrna Vélez, administrative assistant of the residential complex. Read the article…………………………….
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