We own a 2BR condo in an oceanfront complex on Hilton Head Island in Palmetto Dunes. The cost of the HOA common insurance policy on the buildings more than doubled year over year. Our share of the insurance assessment for 2022 was $2000. This year it was $4200. Our friends who live full time in Indigo Run are paying over $15,000 this year for property insurance on their home.
This represents an increase of approximately $42 per week, which is important but not the largest contributor to the maintenance fees.