Some condominium associations, commercial buildings, rental properties and other buildings insured by state-run Citizens Property Insurance will experience a rate increase early next year.

The Office of Insurance Regulation approved increases Monday for these buildings, including some rate hikes that were more than Citizens requested so that additional money could be devoted to building up the Florida Hurricane Catastrophe Fund. The fund provides back-up insurance for insurers.

The OIR approved a 10.3 percent average statewide rate increase for homeowners insured by Citizens last month, although some policyholders in South Florida will see rates drop. The insurer is limited to 10 percent rate hikes each year, but additional premium increases are allowed for building up the catastrophe fund.

Rates for some condo associations will rise by about 11 percent.

The OIR granted an 8.7 percent increase in average rates statewide for residential condominiums with commercial lines accounts — although Citizens asked for less than a 1 percent increase.

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