We are considering buying a newer condo in Islamorada, but are concerned as to how much the insurance will

Asked by Robin Johnson, Upper Marlboro, MD Tue Jul 21, 2009

cost per year. Can someone give me a roundabout figure, this is a foreclosure condo under 100k purchase price.

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Jim Olive, Agent, Key West, FL
Wed May 2, 2012
Hello Robin...It is very possible that the building insurance is included in the condo fees. Your Realtor can find that out pretty easily. While certain forms of insurance can be expensive here in the keys, Condos are often a good hedge against those high rates, as the whole condo association shares the cost collectively, making it much more manageable for each individual owner.
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Bill Eckler, Agent, Venice, FL
Tue Jul 21, 2009
Robin,

There is a lot of misinformation out there regarding insurance rates. For that reason the state of Florida created a great website that allows access to current rates offered by most insurance companies. It may be worth taking a look at:

http://www.shopandcomparerates.com

Access the site, enter your location and then explore the rates.

Good luck,
The Eckler Team
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