Nine out of 10 property owners living in condos, or who belong to a homeowners association and other community associations in Florida, say the state needs to do more to stem storm-related insurance cost increases.
Eighty-seven percent of respondents to an online poll by Community Association Leadership Lobby from Sept. 22-Oct. 1 said they will be liable for increases in storm-related insurance costs in their communities this year.
Nearly two-thirds (64 percent) said they want more government regulation of the private insurance industry, and 61 percent want Florida to operate as an alternative to private insurers.
Nearly half (48.2 percent) said they can't afford to pay what's being required of them to cover their share of their community's storm-related insurance costs, and more than two thirds (68.3 percent) said the increases are causing them or their neighbors to consider selling their property and leaving the state.
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Insurance costs
Insurance Industry
Property Insurance
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