When a townhome complex in Louisville lost five buildings in the 2021 Marshall Fire, the homeowners board president expected the insurance would go up. But not this much. The Wildflower townhome community’s annual insurance premium went from $65,000 in June 2022 to $437,000 in June 2023, according to board president Mark Appelfeller. He said the costs along with the continued struggles of rebuilding after the fire are excessive. “That double punch, that double whammy, those body shots just keep coming,” he said. The increase there is reflective of a trend Steve On Your Side is seeing in the condo and townhome market. Many condo and townhome owners have contacted Steve On Your Side complaining about massive special assessments, vastly increasing monthly dues and costly insurance claims. Read more: https://www.9news.com/article/money/lawmakers-want-to-study-hoa-insurance-market/73-fe714b2c-02c4-4c82-a64a-cb5a8b40cd30 ------ More local videos here: https://youtube.com/@9news Subscribe to NEXT: https://youtube.com/@Nexton9NEWS Stay connected: 9NEWS Website: https://www.9news.com/ Facebook: https://www.facebook.com/ilike9news Twitter: https://twitter.com/9NEWS Instagram: https://www.instagram.com/9newsdenver/ Download the 9NEWS App: https://www.9news.com/appredirect/ Sign up for the 9NEWSLETTER: https://www.9news.com/email 9NEWS (KUSA) is located in Denver, Colorado.