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Two Florida lawmakers blame insurance companies — not new state law — for helping to fuel a condo crisis that has hit owners with rising fees and assessments in high-rise buildings. State Sens ...
Here's what your Florida condominium association insurance master policy covers versus your own HO-6 policy. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800 ...
Florida condo owners are being hit with these sky-high assessments for several reasons. Many insurers are demanding extensive repairs or upgrades to common areas as a condition of renewing the ...
Poliakoff said he’s heard stories of condo insurance premiums rising by a whopping 100%. He’s not exaggerating. ... But with more than 1.5 million condo units in Florida, lawmakers should look ...
The Florida Insurance Guaranty Association board met on March 31 and filed for an emergency assessment of 1% on all Florida property insurance policies. [32] That is in addition to a 0.7% for 2022, a 1.3% assessment from July 1 2022 to June 30 2023, and another 0.7% ending December 31 2023. [32]
With condo owners slashing prices up to 40% and interest shifting to single-family homes, the market faces volatility, increased scrutiny and potential contraction as insurance companies raise ...
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