Citizens raised condo association wind-only rates 14.1% — while commercial non-residential rates fell
Citizens raised condo association wind-only rates 14.1% — while commercial non-residential rates fell
2026-09-10 · Florida · Regulation
What happened. The Florida Office of Insurance Regulation approved Citizens Property Insurance Corporation's 2026 commercial lines rate and rule changes, and the increases landed hardest on condominium associations. The changes apply “to new business and renewal policies effective on or after 1 July 2026,” per Citizens' Commercial Lines Bulletin of 30 April 2026.1
The numbers
- Commercial Residential Multiperil — Condominium Associations: +7.7 percent statewide average (Florida Hurricane Catastrophe Fund cash build-up factor 0.033).
- Commercial Residential Wind-Only — Condominiums: +14.1 percent (factor 0.034).
- Non-condominium Commercial Residential Multiperil: +7.2 percent (0.037).
- Non-condominium Commercial Residential Wind-Only: +14.4 percent (0.035).
- Commercial Non-residential Multiperil: −1.8 percent.
- Commercial Non-residential Wind-Only: −5.0 percent.
The divergence is the story
Residential association business absorbed a near-cap increase on the wind-only side in the same filing in which commercial non-residential risks received decreases. Whatever is driving Citizens' commercial residential book — exposure concentration, construction age, claims experience — is not doing the same thing to its non-residential book.
How much your own policy can move
The statewide averages above are not what any individual account will see. The filing sets a rate collar: a minimum change of −5 percent and a maximum of +15 percent, excluding coverage changes, mitigation adjustments, A-rated risks, surcharges, assessments and the FHCF rapid cash build-up factor.
An individual association can therefore move considerably more than the statewide average, in either direction, and the excluded items sit on top.
Keep reading with the Florida State Pass
The rest of this analysis — what an association can actually do, the recent bills and rulings, and how Florida compares nationally — is for subscribers. $49/month for every Florida topic on HOA Weekly.
$49/month, $449/year, or a $19.99 day pass.
What you unlock
- What these figures mean for a board now
- The insurance obligation itself changed in 2025
- Where the market actually sits
and 2 more sections in detail
Already a subscriber? Sign in
Recurring monthly subscription · Cancel anytime · Need help?
Related Florida HOA Topics
Stay on top of Florida HOA law
Every week: new Florida legislation, court rulings, and regulatory developments affecting condos, planned communities, and property managers. Free.
No spam. Unsubscribe anytime.