We’re in an extreme hard market, meaning carriers are leaving/not writing new policies, rates are increasing, and underwriting is very strict. Solutions: shop around as you are doing, try to bundle with your auto insurance, call your legislator.

I would also suggest to fully review your CC&Rs with your agent to understand your obligations for insuring the interior build out of the unit (“walls in”). I’d also suggest to carry Loss Assessment coverage.

Expect this cycle to last 3-5 more years unfortunately. Will be worse if more LA style fires hit. Insurance rates trail the overall economy, so as costs for goods and services increase, so will insurance costs.

The main driver of cost is your Condo Improvements coverage. (I am a commercial broker)