Insurance Premium Financing Gaining Traction For Co-ops and Condos

With insurance premiums higher than they have been in years, Stern has seen an uptick in insurance premium financing by co-ops and condos. But boards should brace themselves for higher costs. “In the current inflationary environment, we do anticipate interest rates increasing to keep pace,” says Chimudi Egbuna, the controller at CNYM Risk Management, a subsidiary of Goldin Choice that specializes in offering insurance premium financing.