Growing concern over condo costs

Property Profit
1 follower
joins us. She's live in Ta
Lenny. Good evening, Stac
many condo owners said th
a sense of relief when th
premium cool off over the
now they're up against a
again. The cost of condo
and now worries after Hel
Very worried. Yes, that o
dues will not cover the i
premiums. Without a doubt
The concern drawing hundr
Center thursday for the c
Especially after insuranc
recent years. We did have
premium increase like $300
we hadn't budgeted for th
two big hurricanes, we're
increase for condominium
owners. It's a perfect st
is an attorney specializi
four hour seminar packed
challenges condo owners m
ahead. We got insurance t
with. We have mandatory r
mandatory inspections, we
New state laws are in eff
deadline for mandatory in
and reserves must be full
For those condos who unfo
have waved reserves for y
and didn't take good care
they're in big trouble. M
chief financial officer J
a glimmer of hope. He say
of lessons learned after
that the market is stable
the claims from these rec
