Condo Insurance Crisis in Hawaii?

A quick video explaining the condo insurance crisis that current and future Hawaii condo owners are experiencing. Insurance premiums averaging 300% increases and as high as 1900% is causing buildings to become underinsured thus not being lendable by many locals banks and or requiring huge downpayments from some mainland lenders.

Many of my clients reach out to me saying they just got an assessment letter in the mail to make up for the increased premiums shelled out by the board of directors. Are you directly affected by this and if so, what have you experienced up to this point?

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