Condo Associations: Be Wary of Insuring Your Community through Unregulated Property Insurance Companies (Press Release)

FORT LAUDERDALE, FL – There is a dangerous trend in the property insurance market affecting commercial residential condos. Condo associations are increasingly becoming insured by unregulated or “surplus lines” companies. By doing so, they risk forfeiting a host of consumer protections against excessive rate hikes, reduced coverage levels, and good faith claims handling. They are…