Your Ohio condo insurance spiked after the tornadoes — what now?

Ohio at a glance

Record storms, rising premiums

Ohio set a record 74 tornadoes in 2024, and hail and severe wind add to the losses — pushing homeowner premiums up roughly 36% from 2019–2024. For a condo association, that shows up as a higher master premium plus tightening terms: bigger wind/hail deductibles and stricter roof-age limits.

A strong coverage floor, but watch the deductible

Ohio requires master coverage at 90% of replacement cost plus liability and fidelity (§ 5311.16) — a stronger floor than many states. But as carriers raise wind/hail deductibles, a deductible over 5% of coverage can fail Fannie/Freddie rules and complicate financing, and the gap on a claim becomes an owner special assessment.

Water and flood

Freeze-thaw water losses are common, and flood isn't mandated — Lake Erie coastal and Ohio River properties carry real exposure that needs separate NFIP coverage. Reading the master policy's deductible schedule against your HO-6 loss-assessment coverage shows where you stand.

Sources

• ORC § 5311.16 — condominium insurance (90% replacement)(High)
• ORC § 5311.081 — board duties; reserves(High)

Educational only — not legal, financial, or engineering advice. Confirm against the current statute and, where it matters, a Ohio-licensed professional.