The Citizens Property Insurance Corp. Board of Governors on Wednesday will consider a proposal that would lead to an average 13.5 percent rate increase in 2025 for homeowners with the most common type of policy and an average 14.2 percent increase for condominium-unit owners.
Tag: Florida condo insurance
Florida Condo Listings Soar As Sales Sink Amid High Insurance Rates, HOA Fees
Condo owners in the Sunshine State are trying to unload units, as insurance costs and maintenance fees, like an HOA, make it too expensive. It’s led to a 30% jump in condo listings sitting on the market from that just this time last year in Florida.