“Big Jump in Insurance Costs Strikes Condos“, written by Nicole Friedman at the Wall Street Journal who interviewed David Firmin, discusses the rising insurance costs for condominium associations and its impacts on the same. David is quoted confirming the “year over year insurance premium increases” we continue to see in Colorado, as well as an inevitable question some associations are facing: do we “forgo maintenance to pay insurance premiums”?
If your association is having trouble paying its insurance premiums, please see our article, “Help! My Association Can’t Afford Its Insurance Premiums!“
For more information on insurance, register for our upcoming webinar on September 5th, 2024 from 12-1pm: Insurance – Policy Exclusions and Endorsements
Please contact an Altitude attorney at 303.432.9999 or [email protected] with any questions.