Florida condo owners brace for rising insurance rates
SINGER ISLAND, Fla. — Many South Florida condo owners are getting a holiday surprise they weren’t expecting — paying more for insurance. It’s all part of the state’s insurance crisis that has hit homeowners all year. “The insurance this year is hitting us hard,” Johannes Neckermann, who sits on a condo board on Singer Island, […]
How Many Florida Condo Associations Are Financially Sound?
This is another trick question, because the definition of financially sound varies depending on who you are asking. In terms of whether or not a Florida Condominium Owners Association has enough money to responsibly operate, maintain, and protect the building and property, the answer to our headline question is “Not as many as there should […]