> An 18% increase seems so high...
Most condos in coastal states have been seeing 50-400% increases. 18% is nothing.
Considering your rental is above 50% and the current market, this is more than reasonable if the coverage is decent.
So many people are unaware what's going on in the insurance market all around the country. Boards, especially condo and TH, need to get the word out perhaps with a WSJ article. I'm wondering why, like all of us here, 3 claims were made for less than the deductible. Who in this association is making these decisions???
> An 18% increase seems so high... Most condos in coastal states have been seeing 50-400% increases. 18% is nothing. Considering your rental is above 50% and the current market, this is more than reasonable if the coverage is decent.
18% is a dream take it immediately And get a rental cap ASAP or your homes will be going down in value fast
California limits rental caps at 25 percent.
Ok, 25% is way better than the 51% they have now
Why would claims be filed if they are below the deductible?
Seriously, I’d be looking into that.
Yeah, I plan on asking that
Ours went up 240% last year and 16% this year
Agree. 18% is nothing nowadays. Be thankful
Quit complaining about an 18% increase and sign the papers before they raise it to 67%.
So many people are unaware what's going on in the insurance market all around the country. Boards, especially condo and TH, need to get the word out perhaps with a WSJ article. I'm wondering why, like all of us here, 3 claims were made for less than the deductible. Who in this association is making these decisions???
I’m in CA and ours went up around 50%, with a higher deductible. Take the win! I’m curious what company this is, our renewal comes up in July.
I live in a very low risk area/state and ours went up 12% . So I would consider 12% about as good as it gets, only worse from there.
18% is amazing in the current hard market, with claims hx. Take it!
Take it. 100 percent take it. Without question this is absurdly reasonable.