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
This year marks Prestar's 20th anniversary, and if I'm honest, writing that sentence still catches me off guard. Twenty years ago, I wasn't picturing an insurance appraisal company serving condominium associations, HOAs, property managers, and insurance carriers across Florida and the
When a condo or HOA board hires a company to perform an insurance appraisal, reserve study, or property inspection, the conversation usually centers on cost, turnaround time, and credentials. One question gets skipped far more often than it should: does the
Florida's House Bill 913 took effect July 1, 2025. Most of the coverage since then has focused on inspections and reserve studies — which means the provision that hits your insurance renewal directly has been flying comfortably under the radar. Right
In today's challenging insurance market, association boards need every advantage when shopping for competitive coverage. One often-overlooked strategy can significantly improve your renewal outcomes: scheduling your insurance appraisal 90 days before policy renewal. The 30-Day Marketing Window Challenge Most association boards
