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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.
Condo sales, on the other hand, are slow because the cost of both buying and owning a condo has surged. Homeowners insurance in Florida increased about 40% year over year in 2023—and a whopping ...
Weather. 24/7 Help. ... Car insurance premiums in America are through the roof — and only getting worse. ... Per the new Florida law, all three-story-plus condo buildings and at least 30 years ...
An 18th-century fire insurance contract. Property insurance can be traced to the Great Fire of London, which in 1666 devoured more than 13,000 houses.The devastating effects of the fire converted the development of insurance "from a matter of convenience into one of urgency, a change of opinion reflected in Sir Christopher Wren's inclusion of a site for 'the Insurance Office' in his new plan ...
There’s fear of a double-whammy effect: Condo fees have already increased 60% in the past five years thanks to the rising cost of property insurance and because associations are preparing to ...
Map of regions covered by the 122 Weather Forecast Offices. The National Weather Service operates 122 weather forecast offices. [1] [2] Each weather forecast office (WFO or NWSFO) has a geographic area of responsibility, also known as a county warning area, for issuing local public, marine, aviation, fire, and hydrology forecasts.
Extended coverage is a term used in the property insurance business. All insurance policies have exclusions for specific causes of loss (also called "perils") that are not covered by the insurance company. An extended coverage endorsement (EC) was a common extension of property insurance beyond coverage for fire and lightning.
What no one predicted then was record inflation, high interest rates and, above all, that Florida’s insurance industry would tailspin into a crisis. Poliakoff said he’s heard stories of condo ...
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