Cohousing-L Mailing List: Re: How much is your condo insurance? (Eastern Village Cohousing)

[Jay KapLon (Jay]

> From: Katie Henry <katie-henry [at] att.net>
> Subject: [C-L]_ How much is your condo insurance?
> Date: March 26, 2026 at 1:11:43 AM EDT
> To: Cohousing-L Cohousing-L <cohousing-l [at] cohousing.org>
> 
> 
> Would anyone mind sharing the cost of your condo insurance? We have 36 units 
> and a common house clustered into twelve single-story buildings plus separate 
> garage structures and a carport on five acres. New construction (two years 
> old); buildings are fully sprinkled; no elevators; no risk factors like a 
> workshop with power tools or a pool.
> 
> Our premiums are $58,000/year with State Farm plus a $10,000 deductible per 
> building. The premiums only cover the building exteriors. Homeowners are 
> responsible for drywall in. I know rates are going up, but this seems 
> staggeringly expensive to me. Does anyone else have premiums in this ballpark?
> 
> Thanks!
> Katie Henry
> Heartwood Commons - Tulsa

Here at Eastern Village Cohousing in Maryland, US (Katie’s old stomping ground 
that she helped build) we have 56 cohousing units as a condominium with a 
common house. including a workshop, accessible green roof and a roof-top play 
set, as well as 11 commercial units all in a single 4 story building with 2 
elevators. It is a 60+ year old building gut rehabilitated 20 years ago. Fully 
sprinklered.

Our premiums are $49,000 this year with a mix of suppliers for different 
faucets of the insurance. Our previous insurer, State Farm, dropped us 2 years 
or so ago. $10,000 deductible per incident. The premiums only cover the 
building exteriors. Homeowners are responsible for drywall in.

Hi Katie!

-Jay

Eastern Village Cohousing
Silver Spring, MD, USA