FL Insurance WatchFlorida Condo Insurance (HO-6) in 2026: Rate Cuts and Who Writes It
Most Florida insurance headlines are about single-family homes, but close to a million Floridians insure a condo unit. This week brought a bit of good news for them: another insurer says it's lowering condo unit-owner rates. Here's what was announced, who writes the most condo policies in the state, and what your HO-6 policy is actually on the hook for.
The latest condo rate news
Insurance Journal reported on October 28, 2026 that Ormond Beach-based Security First Insurance will trim its HO-6 (condo unit owners) rates by an average of 7.3%. According to the company, the change reflects discounts for condo owners who bundle home and auto with the same agent, smoke detector discounts, discounts for military members and first responders, and a "disappearing deductible" program. Security First said the reduction has been filed and is in effect for more than 20,000 policyholders.
That lines up with our data. In OIR's July 2026 market report, Security First listed 20,523 condo unit-owner policies in force.
The same article notes that condo coverage costs have kept easing after years of upheaval following the 2021 Surfside collapse and the 2022 laws that required new condo building inspections. It's also part of a wider trend: OIR's September 22 release said 48 companies have filed for a rate decrease since January 2024, and that more decrease requests are pending. You can follow the approved ones on our rate changes tracker.
As always, an average decrease doesn't mean every policy drops by 7.3%. Your renewal depends on your building, location, coverage and which discounts you qualify for.
Who writes the most condo policies in Florida
Our who's writing tracker is built from OIR's Monthly Market Intelligence Report (MIR) for July 2026. For the "Condominium Unit Owners" policy type, 67 companies reported a combined 936,510 policies in force as of July 31, 2026, and 14,128 new policies written during July. (OIR notes MIR data is self-reported by insurers and not audited.)
The five largest condo writers by policies in force:
- Universal Property & Casualty: 280,283 policies, 5,948 new in July
- State Farm Florida: 93,219 policies, 1,167 new in July
- Slide Insurance: 56,865 policies, 266 new in July
- First Protective: 50,862 policies, 692 new in July
- Castle Key Indemnity: 42,917 policies, 5 new in July
Universal alone wrote more new condo policies in July than the next several companies combined. Other active writers that month included Cypress Property & Casualty (824 new), Edison (650 new), Security First (509 new) and Tower Hill Insurance Exchange (501 new).
Citizens is a small player here. It reported 13,411 condo unit-owner policies in July, with 469 new ones written that month.
What your HO-6 policy covers (and what the association covers)
In Florida, the line between your policy and your association's master policy is set by law, not just your condo documents. Section 718.111, Florida Statutes requires the association's property policy to exclude items inside your unit that serve only your unit, including personal property, floor, wall and ceiling coverings, electrical fixtures, appliances, water heaters, water filters, built-in cabinets and countertops, and window treatments. Those are your responsibility to insure.
The Florida Department of Financial Services explains that an HO-6 provides some coverage for the structure but mainly covers your personal property and liability. Condo policies normally cover named perils, and you can often buy an endorsement to broaden that.
Loss assessment coverage matters a lot after a storm. Under Section 627.714, every Florida unit-owner policy must include at least $2,000 of loss assessment coverage, with a deductible of no more than $250, for assessments tied to a covered type of loss. The limit that applies is the one in effect the day before the event, so raising it once a storm is coming won't help for that storm.
What to check at your next renewal
- Compare your rate to last year. If your carrier announced a cut, see whether your premium actually moved, and ask why if it didn't.
- Ask about discounts. Bundling, smoke detectors and occupation-based discounts are the kinds Security First cited. Other carriers may offer different ones.
- Read your association's master policy. Know its deductible and what it covers so your Coverage A limit fits what's left to you.
- Look at your loss assessment limit. $2,000 is only the legal minimum. Ask your agent what higher limits cost.
- Shop around. Our who's writing tracker shows which companies are actively writing new condo policies.
This post is general information, not insurance advice. Confirm details with your agent, your insurer, or the Florida Office of Insurance Regulation.
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Not insurance, legal or financial advice. Confirm details with your insurer, a licensed agent or the Florida Office of Insurance Regulation.