Florida • Insurance non-renewal or spike
Your Florida condo insurance was non-renewed or doubled — what's driving it, and where's your exposure?
Florida sits at the center of the condo-insurance crisis. After Surfside, master-policy premiums spiked, carriers narrowed what they'll write, and compliance with the new structural laws became an insurance gatekeeper.
The short answer
In Florida, master-policy premiums roughly doubled from 2022 to 2024 (about $72,570 to $147,381 per ULI), and non-compliant condos can be barred from Citizens. A non-renewal usually reflects the post-Surfside market, not your board. CondoSignal reads your master policy and HO-6 against Florida's market to pinpoint where your real exposure is. Free.Florida at a glance
Master premium
≈ +103% '22–'24
About $72,570 to $147,381 per ULI.
Insurer of last resort
Citizens
Depopulating, and barred from non-compliant condos.
Compliance gate
Milestone / SIRS
Behind on safety laws can mean no Citizens.
Common gaps
Wind / flood
High named-storm deductibles; flood often excluded.
Master policy vs. your HO-6
Your building carries a master policy; you carry an HO-6. In Florida the master policy is where the shock has hit — the Urban Land Institute documented master premiums rising roughly 103% from 2022 to 2024 — and that flows to every owner through dues and, often, assessments. A change to your own HO-6 is narrower, though HO-6 premiums have also climbed sharply. Establishing which one moved is the first step.
Why carriers are pulling back
Catastrophe and reinsurance costs are the backdrop, but Florida added a compliance gate: condos that aren't current on their milestone inspection or structural reserve obligations can be barred from Citizens, the state's insurer of last resort. So a non-renewal can signal either market conditions or a building that's behind on the new safety laws — and those are very different problems to be in.
Where your real exposure is
The risk that matters is the gap: a high wind/named-storm deductible the association can't absorb, a 'bare walls' master policy that pushes more onto your HO-6, thin loss-assessment coverage, or flood carved out entirely. In Florida these gaps are large and common, and they only surface when the master policy and your HO-6 are read side by side — which is the read CondoSignal does.
Your rights in Florida
As a Florida owner you're entitled to notice of a master-policy lapse, non-renewal, or material change, and the association must carry insurance to the statutory standard (§ 718.111(11)). Levied and pending insurance-driven assessments must be disclosed on the estoppel certificate. None of this is legal advice — confirm against the current statute and a Florida-licensed broker and counsel.
What to check
- Establish whether the master policy or your HO-6 changed.
- Find the wind/named-storm deductible and who absorbs it.
- Confirm whether the master policy is 'bare walls' or 'all-in'.
- Check your HO-6 loss-assessment coverage limit.
- Ask whether the building is current on milestone/SIRS compliance.
- Confirm whether flood is covered or excluded.
Sources
- Fla. Stat. § 718.111(11) — association insurance(High)
- Urban Land Institute — After Surfside: insurance strain(Medium-High)
- Florida Phoenix — Citizens barred for non-compliant condos(Medium-High)
Educational only — not legal, financial, or engineering advice. Confirm against the current statute and, where it matters, a Florida-licensed professional.
Related guide
Florida insurance risk — the full guide →This page answers what to do right now. For how insurance risk works in Florida — the law, the process, and what to check before you buy or sell — read the full state guide.
FAQ
Frequently asked questions
What a finding looks like
Every finding cites the exact page in your documents
“The board approved a $15,000-per-unit special assessment for façade repairs, payable over 12 months.”
Source: Board meeting minutes, p. 12 — quoted and linked in your report so you can verify it in seconds.
Your free report checks 14 risk categories this way. Get my free risk report →
Built for trust
Premium due-diligence software — not a chatbot.
Source citations on every finding
Every risk indicator links back to the exact document, page number, and quoted line. You can verify our work in seconds.
Free with transparent consent — or paid and private
Our free option is supported by limited, opt-in referrals you control. Or pay once for a fully private review with no data sharing.
Consistent, documented analysis
Consistent scoring — same documents always produce the same results. No guesswork, no chat-style answers.
Informational, never legal advice
We surface what your documents actually say so you can ask better questions of your attorney, lender, and inspector.