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

[R Philip Dowds (rphilipdowds]

Katie —

Pricing in Cambridge / New England may not have much bearing on pricing in 
Tulsa, but …

Cornerstone has 32 units in four buildings, mostly sprinklered, one with an 
elevator and another with a platform lift.  For liability and damage loss, 
officers’ insurance, etc, we pay something around $42,000 this year.  This 
includes a $25K per unit deductible and earthquake insurance, but not flood 
insurance.  Yes, our rates have ratcheted up in large jumps for the last 
several years, but this year seem to be leveling off.

———————————
Thanks,
Philip Dowds
Cornerstone Cohousing
Cambridge, MA

> On Mar 26, 2026, at 11:05 PM, Jay KapLon <Jay [at] KapLon.org> wrote:
> 
>> 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
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