Condo Association Insurance Pros

The Florida condo market in 2025 is expected to face significant challenges and opportunities. The market is transitioning from a phase of rapid appreciation to a more balanced buyer's market, with inventory levels beginning to normalize. This shift is driven by new state regulations requiring higher reserves and stricter safety inspections for older buildings.

See you all in the Naples Condo & HOA Expo coming October 20th to the New Hope Event Center.

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For the last year Citizens has often become the Carrier of choice due to their price being so far below the other carriers. By taking increases they are trying to come up to the market pricing to discourage taking any more properties / risk. This will continue until the carriers pricing starts to be the choice + or – 20%

A-Rate Changes Effective October 1, 2023
Citizens has updated its A-Rates for commercial residential policies effective October 1, 2023:

Changes apply to new and renewal policies with effective dates on or after October 1, 2023.
Commercial Residential Multiperil (CR-M) policy rates have been updated by an average of 24%.
Commercial Residential Wind-Only (CR-W) policy rates have been updated by an average of 28.9%.
Resources:

For more information on A-Rates, log in to the Agents site and select:

Training > Commercial Job Aids and look under New Business to access the New Business Submission Guide and Uploading and Linking Documents job aids
Training > Citizens Essentials to access the training module Citizens Essentials 5: Commercial Residential Basics
FAQs from the top menu and enter A-Rates in the Search field.