Master-policy pricing for Florida boards and managers
HOA and Condo Association Insurance in Florida
Need association insurance quotes? Start with the primary property and best contact. We will take it from there.
Need quotes for the association's renewal? Start with the primary property and best board or management contact. Add the renewal date or current carrier if you know them. We will take it from there.
Yes, we can help your condo association shop the building's insurance renewal.
Start with the association's primary address and the best board or management contact. If the renewal notice or current policy is handy, add it. If not, start anyway. We will ask for the details that help insurers price the property and will organize the available options for the board.
Share the primary address, best contact, and renewal timing if known.
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We shop the options
We ask for the underwriting details that matter instead of handing the board a giant to-do list.
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The board gets a clear comparison
See the pricing, deductibles, coverage differences, conditions, and open questions before the vote.
Real Miami condo quote comparisons
See what a closer look at the master policy can change
At Greene and Associates, we help condo associations throughout Florida compare building insurance. These Miami examples show terms we secured when reviewing the coverage limit, deductibles, market, and premium together.
Miami condo association
Two buildings. 59 units. A broader property quote.
The association came to us seeking wind-only coverage. We secured admitted-market terms for broader property coverage at the reported $8 million replacement cost.
$4,000 lower quoted premium
Coverage
Existing terms$2 million, wind only
Our quoted terms$8 million property coverage, including wind
Premium
Existing terms$65,000
Our quoted terms$61,000
Market
Existing termsNon-admitted
Our quoted termsAdmitted
Wind deductible
Existing terms5%
Our quoted terms5%
All other perils (AOP)
Existing termsWind-only policy
Our quoted terms$5,000 deductible
What the board can learn: A wind-only limit and the building's replacement cost can be very different numbers. This review increased the quoted limit by $6 million and broadened the property coverage.
Miami twin-tower high-rise
$250 million in building value. A $100 million coverage cap.
The existing program scheduled $250 million in building value but capped coverage at $100 million per occurrence. We secured admitted-market terms with a $250 million coverage limit, without that lower $100 million cap.
$109,000 lower quoted premium
Coverage limit
Existing terms$100 million per occurrence; $250 million scheduled value
Our quoted terms$250 million coverage limit
Total premium
Existing terms$1,209,000, including $56,000 surplus-lines tax
Our quoted terms$1,100,000
Market
Existing termsLayered non-admitted carriers
Our quoted termsAdmitted
Named storm deductible
Existing terms5%
Our quoted terms5%
All other perils (AOP)
Existing terms$10,000 deductible
Our quoted terms$10,000 deductible
What the board can learn: Scheduled building values do not always equal the amount available for one loss. Our quote raised the coverage limit by $150 million while keeping the stated named storm percentage and AOP deductible the same.
These anonymized examples show terms we secured; they do not indicate that coverage was bound. Our comparisons summarize selected terms, not every exclusion, sublimit, or deductible. Percentage deductibles depend on the policy’s calculation basis. Available terms and pricing depend on the building, underwriting, and policy forms; similar results are not guaranteed.
What does your condo’s current limit actually cover?
Start with the association’s address and your contact details. If you have the current policy or renewal offer, we can help compare the limits, deductibles, and pricing. Documents can follow.
How much does Florida condo association insurance cost?
There is no single reliable price for every Florida association. A quote depends on the buildings, replacement-cost values, location, construction, roof and systems, losses, coverage limits, deductibles, and available insurers. Our two Miami examples above are individual quoted outcomes, not a statewide average or a price promise for your building.
Start with comparable coverage
Put the same buildings, policy period, values, occurrence limits, and causes of loss beside each premium. A wind-only quote and a broader property quote are not equivalent.
Compare the total payable
Ask which taxes and fees are already included and whether financing adds cost. Compare separate flood, liability, and other policies consistently across the proposals.
Price the deductible exposure
Request a dollar illustration using the actual deductible clause. Raising the deductible can reduce premium while increasing the amount the association must fund after a loss.
What does a 5% wind deductible mean in dollars?
Multiply the percentage by the value specified in the policy, then apply any minimums and other conditions. The calculation basis might be a building value or another stated amount; it is not automatically the amount of damage.
Hypothetical arithmetic only—not the deductible calculation for either Miami example
Assumed policy calculation basis
5% calculation
$5 million
$250,000
$10 million
$500,000
For multiple buildings, ask whether the deductible applies separately and which buildings or values enter the calculation. The board's funding and assessment decisions need their own review; an owner's HO-6 loss-assessment coverage should not be assumed to pay the association's deductible.
Two questions that come up before a condo association insurance quote
What insurance is a Florida condo association required to carry?
A residential condominium association governed by Florida Chapter 718 generally must maintain adequate property insurance and fidelity insurance or bonding as described in Florida Statute §718.111. The exact program depends on the property, policy forms, association documents, operations, and lender requirements. That condominium statute does not automatically apply to every HOA.
Valuation: Section 718.111(11) requires replacement cost to be determined at least every three years. Read the appraisal, insured property, and actual coverage limits together.
Deductibles: The statute addresses comparable community standards, available funds, assessment authority, and the board meeting used to establish deductibles.
Fidelity: Insurance or bonding must address people who control or disburse association funds and the maximum funds held by the association or management agent.
Keep four checks separate: Florida law, the association's governing documents, written lender conditions, and the policy contract. A recommended coverage is not automatically a statutory requirement, and a certificate is not a legal compliance opinion. Association counsel should interpret the legal obligations and exceptions for the property.
For applicable loans, Fannie Mae's master-property guidance is a separate lender-program standard. Confirm the lender's current requirements instead of assuming one program governs every building.
What kind of insurance agent handles a condo association's buildings and board coverage?
Look for an independent commercial insurance agency familiar with community associations, master property and wind, flood or RCBAP, general liability, D&O, crime or fidelity, equipment, and umbrella coverage. We can start with the property and contact information, then help the board sort out what matters next.
Florida association insurance works best when policy terms, property condition, and board expectations line up.
HOA and condo association insurance questions often come back to the same pain: master policies being cancelled, major premium jumps, special assessments, flood confusion, reserve pressure, and owners asking what the board should have known sooner.
We can organize the insurance side, give insurers a clear view of the building, and give the board a plain-English comparison of what still needs legal, engineering, accounting, or management review.
The master policy gets dropped or repriced
A cancellation or large renewal increase can leave the board with a short decision window. Start with the property address, best contact, and renewal date if known. We can ask for policies, values, losses, and inspection details as they become useful.
Special assessments become the resident-facing problem
Owners often care less about policy jargon and more about whether weak limits, deductibles, uncovered flood, reserve gaps, or claim disputes could become an assessment they did not expect.
Unit-owner and association responsibility blur
Declarations, bylaws, master policy forms, HO-6 policies, loss assessment limits, deductibles, and interior build-out responsibility can point in different directions unless the board reviews them together.
Inspections and reserves now affect the insurance conversation
Milestone inspections, structural integrity reserve studies, repair plans, roof condition, balconies, concrete, elevators, and deferred maintenance can all affect the association's coverage and pricing.
Management contracts and vendor controls matter
Property managers, pool vendors, elevator contractors, roofers, remediation crews, landscapers, and security vendors should be handled with contracts, certificates, additional insured wording, and documented controls.
Coastal risk needs its own lane
If the building is coastal, high-rise, barrier-island, or heavily wind/flood exposed, the association may need the deeper coastal-condo path instead of a basic association package review.
Coverage architecture
What a Florida HOA or condo association insurance review should include
HOAs and condo associations sit at the intersection of property insurance, board decisions, owner expectations, vendor controls, statutory language, and lender requirements. The review has to cover the whole system.
Give the board a clear renewal comparison before the meeting.
Start with the property and best contact. Current values, policies, inspections, claims, flood details, and governing documents can help later, but the board does not need a perfect file before calling us.
Have something handy?
A renewal notice, declarations page, appraisal, or loss runs can speed up the next step. Send what is easy to find and let us tell you what else will help.
Extra details that can help later
These items can help insurers finish a useful comparison. They are not required to contact us, and we will tell you which ones matter for your association.
See the optional document list
Current master policy, endorsements, exclusions, deductibles, expiring premium, and renewal or nonrenewal notices
Need the coastal or high-rise version of this conversation? Move next to our coastal condo buildings page for wind, flood, inspection, and high-rise renewal pressure.
Property and real estate coverage paths
Not sure which property insurance page fits?
If you own, lease, manage, or insure a Florida building, start with the property path that matches the occupancy, tenant setup, building value, and contract requirements — not industry jargon.
Useful references for Florida condo association insurance reviews
These sources help frame the statutory, inspection, flood, and property-insurance conversations. The association documents, policy forms, endorsements, and legal advice still control the final answer.
Florida condo association insurance questions boards ask
There is no single reliable price for every association. Building values, location, construction, roof and systems, losses, coverage limits, deductibles, and available insurers affect the quote. Compare the same coverage scope and total cost, including applicable taxes and fees. Our Miami examples are individual quoted outcomes, not statewide averages.
Yes. We help Florida condo boards and association managers shop the building insurance renewal and compare coverage, deductibles, and pricing. Start with the primary property address and the best board or management contact. If a renewal notice or current policy is handy, send it, but you do not need a complete board packet to contact us.
HOA insurance in Florida usually means the association's master policy and related board coverage: common-area property, general liability, D&O, crime or fidelity, umbrella or excess liability, workers compensation when employees are involved, vendor controls, and any flood or property coverage the governing documents or lenders require. Condo associations and homeowners associations are not identical, so the declarations, bylaws, CC&Rs, property schedule, amenities, contracts, and board documents should be reviewed before assuming one master-policy answer fits every association.
A Florida condo association should usually review master property, wind or hurricane deductibles, flood, general liability, D&O, crime or fidelity, equipment breakdown, ordinance or law, umbrella or excess liability, workers compensation if employees are involved, cyber or social-engineering exposure, vendor certificates, and any requirements in the declarations, bylaws, lender documents, and management agreement.
A Florida condo association premium can increase because of replacement-cost changes, roof or building condition, wind exposure, flood exposure, claims history, deductible changes, inspections, reserve concerns, changing insurer options, reinsurance costs, or missing property documents. We put the master policy, flood, D&O, crime/fidelity, deductibles, reserves, loss assessment exposure, and premium side by side for the board.
Loss-assessment coverage is generally part of a unit owner's HO-6 policy, not a substitute for the association's master policy. Subject to the HO-6 form, limits, deductible, and the reason for the assessment, it may help with an eligible assessment charged by the association after a covered loss. Unit owners should review their HO-6 terms, while the board should focus on the master policy, deductibles, governing documents, and how an uninsured amount would be funded.
No. Section 718.111 is condominium-association law, not a blanket rule for every homeowners association. It is highly relevant for residential condominium associations, while HOAs and other communities may have different statutes, governing documents, and lender or contract requirements. That is why the association documents need to be reviewed before making coverage assumptions.
Usually no. Flood and storm surge are commonly handled separately from standard property coverage. A condominium association may need NFIP RCBAP coverage, private flood, excess flood, or lender-required flood coverage depending on the building, flood zone, unit count, occupancy, and loan requirements.
Inspections, structural integrity reserve studies, roof reports, repair plans, and completed maintenance documentation help insurers understand the building. These records are especially useful for older buildings, coastal properties, high-rises, or associations with ongoing maintenance work.
No. D&O coverage has terms, exclusions, limits, retentions, and reporting requirements. It is designed for certain management-liability allegations, not every resident complaint, contract problem, fraud issue, bodily injury claim, or property claim. The policy form and facts matter.
No. Start with the association's primary property address and the best contact. A renewal notice, current declarations page, building schedule, or loss information can help when available, but missing documents do not have to delay the first conversation. We will tell the board or manager what will help next.
