This month, we are focusing on the significant increase in condo insurance on a national basis, which Summit View is unfortunately experiencing. This article, being shared with permission, provides more details on the issue.
"In the words of Bob Dylan, 'The Times They are a Changing.' Nowhere does that apply more than in the world of insurance and how it has affected condominium communities all throughout America. Fueled by rising costs of labor and materials, a plethora of natural disasters, and a shrinking of carriers in the marketplace. The current state of the insurance industry is unlike anything we have seen over the past 50 years in the business." Read more.
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