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I wouldn’t own a condo either, but in FL that cap at least helps.
Although I’m in South Beach often and most of those high rises that have sprung up in the last 10-20 years can be unbelievably priced (look up some in the Porsche condo building, where you can park 11 cars INSIDE your 60th floor condo). $20 million condos.
But the majority aren’t like that.
Also I think if a claim were brought against an individual owner, that owners personal liability umbrella policy would cover it (but idk).
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