A: Pursuant to section 12 of the Condominium Act, condominium associations are required to purchase property insurance as well as general liability insurance.

Source: https://www.chicagotribune.com/real-estate/ct-re-condo-adviser-common-elements-20230212-rnkcr3a4b5cmrisotfvhxzscnm-story.html

As well, he said property insurance has risen by more than 60 per cent, some of that triggered by the November 2021 floods that devastated much of Abbotsford.

Source: https://www.abbynews.com/news/abbotsford-proposed-property-tax-increase-highest-in-years-at-almost-6-per-cent/

Most property insurance policies have a war exclusion, and that’s why the perpetrator’s identity matters so much.

Source: https://foreignpolicy.com/2023/03/20/insurance-agencies-nord-stream-explosions/

Specifically, Mosher has been challenged by the property insurance crisis that is affecting agencies and policy holders.

Source: https://www.ospreyobserver.com/2023/05/southshore-insurance-professionals-expands-and-now-offers-life-insurance/

The money is part of a legislative package approved by state lawmakers during a special session in December that focused on property insurance following the storms.

Source: https://www.caribbeannationalweekly.com/news/local-news/desantis-awards-100m-for-hurricane-erosion-recovery-efforts/

The reform measure also banned assignment-of-benefits agreements in property insurance claims, which could significantly reduce claims litigation.

Source: https://www.insurancejournal.com/news/southeast/2023/01/13/703161.htm

Three of the largest carriers have withdrawn from writing California HOA property insurance policies, and rates have skyrocketed for those still offering such insurance.

Source: https://www.dailybreeze.com/2023/10/20/hoa-homefront-readers-want-to-know-who-watches-the-managers/