Condo Association Insurance Articles

Condominium Master Insurance Policy premiums in Panama City Beach have decreased for many condo associations this year. Many buildings are experiencing reductions for the second consecutive year. However, premiums are still notably higher than 2021 levels. More private insurance carriers reentered Florida’s Master Policy Insurance Market for condo associations in 2024. They were likely drawn by premiums that offered an attractive risk-reward balance. This increased competition has contributed to lower premiums.