South Florida Condo Association Insurance Premiums To Drop As Much As 40% In 2026

Peter Romeo — a commercial insurance agent with Business Risk Advisors—said increased competition, structural repairs and a quiet 2025 hurricane season have resulted in lower rates.Condo Capitalism™ is the weekly podcast hosted by Peter Zalewski of the Miami Condo Investing Club™ that provides data-driven analysis on distressed real estate—foreclosures, shortsales and bank-owned REOs—in the tricounty South Florida region of Miami-Dade, Broward and Palm Beach. The program dissects players and trends, focusing on the escalating Florida Condo Association Financial Cliff, which is now fully underway as cash-strapped unit owners face rising maintenance fees, hefty special assessments and pricey insurance. On the show, experts analyze how the national “two-sided risk”—rising inflation and falling employment—magnifies the growing crisis in Florida, revealing where high post-Surfside condo fees clash with a softening resale market to expose the potential for a capitulation by unit owners who can no longer afford condo living.Join Peter Zalewski live every weekday at 4 pm (Miami time) on MiamiCondo.Club for the full schedule: Miami Condo Mondays™ (market overview), Miami Condo Exchange™ (data discussion) on Tuesdays, The Peter Zalewski Show™ (interview) on Wednesdays, Condo Capitalism™ (distressed market) on Thursdays, and Buy, Sell, Hold Miami™ (debate) on Fridays. On-demand recordings of all shows are available here.Episode OverviewIn the Dec. 18, 2025, episode of the Condo Capitalism podcast, host Peter Zalewski interviewed commercial insurance agent Peter Romeo—a vice president with Business Risk Advisors who represents more than 50 projects—about the state of the South Florida condo association insurance market. During the 86-minute podcast, Romeo explains the complexities of condo insurance in Florida, particularly in the wake of the Surfside condo collapse and the regulatory mandates that followed for buildings in the tricounty South Florida region of Miami-Dade, Broward and Palm Beach. The discussion covers the significant costs associated with insurance for condo associations, the differences between garden style and highrise condos, and the importance of the mandated Structural Integrity Reserve Studies (SIRS) every 10 years and Milestone Inspections required upon a project’s 30-year anniversary. The speakers also explored the impact of Hurricane Andrew on building codes, the role of Class A graded buildings in insurance premiums and the differences between admitted and non-admitted insurance companies. The conversation concludes with insights into future trends in the condo insurance market and the importance of regular appraisals for accurate coverage.