Browne emphasizes the mounting pressure on condo owners, stating, "We're getting to the point where we're having to make assessments for the building every few months just to keep up the funding. I hope it doesn't come to a point where someone can't afford the assessment." This reflects the broader financial strain brought on by skyrocketing insurance costs.
Sean Kent notes the impact of external factors on insurance availability: "All of these outside influences are coming together and forcing insurance carriers to be much more selective on who they're going to insure." This highlights ongoing challenges facing property owners.
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