Florida Gov. DeSantis signs property insurance legislation
Ron DeSantis on Thursday signed proper right into a laws sweeping property insurance coverage laws that creates a $2 billion reinsurance fund and rewrites pointers on safety denials and authorized skilled expenses, in a switch to stabilize rising costs and insurer losses.DeSantis launched the bill signings in an announcement that often known as the package deal deal “probably the most important reforms to Florida’s householders insurance coverage market in a technology.”
Within the statehouse, the funds largely moved with bipartisan assist, with lawmakers describing the package deal deal as a big first step in repairing a market affected by insurer insolvencies, protection cancelations and rising insurance coverage costs.
We, in Florida, have been complaining about the high cost of property insurance for years. Down the road, this might protect our condo where insurance companies are reluctant to insure any roof over 15 years old no matter how well maintained or what type of roof was installed.
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5 comments:
Thank God for Ron DeSantis and the Republicans in Florida they've really made Florida a great place! This is what we need for the United States of America a great leader like Ron DeSantis. We need to get rid of all these greedy and corrupt slaves of the devil and insurance companies, big pharma, and all big businesses that rape the people the way they do, there's so much waste and corption in government so much dysfunction. Thankfully we have Ron DeSantis and some decent leaders here in Florida!
If you live in a building 3 stories and up, there are new State Laws regarding inspections, which I believe the Governor also signed.
Most of the condos I see in Lake Osborn seem to be two stories, but if you are in a building that meets those criteria, living in a condo is going to get very expensive.
Personally, I think anything 4 stories and under, should have been exempt, but nobody asked me.
@9:40...some of the condos on the Intracoastal and others here in LWB will be subject to the new law.
It's already getting more expensive as all costs are up--even Lake Worth Utilities charging service charges on our water and electric. This is terrible during this highly inflationary time and the economy tanking.
And now the city wants to give the developers of the Gulfstream equivalents of $10 million to build.
Lake Worth is always trying to re-create the past. The Gulfstream represents the past. The people from Lake Worth aren't going to stay there. The idea of attracting more tourists to an already overburdened Lake Avenue and Luzerne, during season is not an attractive prospect. Why not just create a natural area and make room for some of God's other creatures?
The new Condo Inspection Laws are going to put a lot of people into bankruptcy, if they are lucky enough to qualify for it, or put them out on the street.
One building falls down, and we all have to pay for it. It's a boon for the engineers, architects, builders, and attorneys.
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