After four hard years, Florida's property insurance market is finally turning. The state has approved rate cuts, new insurers are competing for business, and even Citizens, the state backed insurer, is lowering rates. For condominium and homeowners association boards, that is
Condo insurance, called an HO-6 policy, covers the inside of your unit and your personal liability. It works with your condominium association's master policy, not instead of it. Here is what an HO-6 covers, what it does not, and how coverage
Boards often ask us whether an insurance appraisal and a reserve study are the same thing. They are not. The two reports answer different questions, and most Florida condominium and homeowners associations need both. What an insurance appraisal tells you An
Alex Cavenaugh served as his condominium board's president for twenty years without a single serious complaint. Then a hurricane damaged three of his community's eight buildings, the insurance check came in $600,000 short, and a homeowner named Marcy Wideman sued the
Short answer A Florida condo insurance appraisal determines the replacement cost value of your buildings so your master policy coverage limits are set correctly. A reserve study determines how much money your association should save for future repairs. A structural integrity
There's an add-on to your association's master insurance policy that most board members have never read and never asked about. It's called inflation guard. As of this year, the lending rules no longer require it. That sounds like a small technical
In July 2026, Florida's Office of Program Policy Analysis and Government Accountability published Report 26-04, Milestone Inspection Reporting Data 2024 and 2025. It is the first statewide look at Florida milestone inspection data, and read as a board member or a
You probably didn't see this in the news, because it got covered as an accounting story. But there's a piece of it that touches property and casualty insurance directly — and it's worth a few minutes if you're a P&C agent
If you sit on a condo or HOA board, here's something worth knowing. It didn't come from Tallahassee. It came from Fannie Mae, and it's already in effect. Fannie Mae just changed how it decides whether a condo building qualifies for
Ever sat in a board meeting and heard someone ask, "Wait, isn't that the association's job to cover?" You're not alone. Insurance is one of the most confusing parts of living in a condo, townhome, or HOA community. Get it wrong,
