Florida's growing condo crisis means that owning a unit in an older condo building is becoming more expensive due to new laws requiring associations to fund financial reserves and ensure building repairs and maintenance. Additionally, insurance costs for some complexes have doubled or tripled in recent years. Those whose units and associations are in buildings that cannot be repaired or maintained, and...
by Barry Frette
Florida Private Property Rights are protected by a new law that goes into effect on July 1st of this year. This much-needed law will help homeowners remove illegal squatters from the property they own. It is intended to help owners reclaim their property quickly as long as certain conditions apply. To read more about the new law's conditions and penalties, please click here Click Here to see our...
by Barry Frette
Florida's home insurance crisis may have peaked, and the hope is that with more competition, rates will be more reasonable. Insurers express optimism about Florida's home insurance market, noting a slowdown in rate increases in late 2023. However, uncertainties persist, especially regarding the potential impact of a major hurricane. Despite significant rate hikes over 18 months, the growth rate...
by Barry Frette
The Florida Insurance Market is expanding, as yet another property and casualty insurer has gained approval to do business here. This makes the eighth new insurer to come to Florida following legislative reforms aimed at stabilizing the market, according to state insurance regulators. The Florida Office of Insurance Regulation (OIR) announced the approval of Ovation Home Insurance Exchange, adding to a...
by Barry Frette
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