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Since 2001 Insurance premiums have risen steadily to be one of the largest expenses on a Condo Corp's Income Statement. This isn't going to make things any better, and with premium increases of 25% - 30%, you can expect your condo fees to go up to compensate. Someone's got to pay, and it's not the insurers.
Oh and deductibles are going through the roof. $25,000 in some cases.
Lets not forget that excessive water claim history will also mean the possibility of you being denied coverage.