Florida's Continuing Insurance Situation and New Inspection Requirements
New Inspection & Reserve RequirementsSurfside was the trigger for last May's change in inspection laws. Here is an article explaining more about the new requirements. https://www.constructiondive.com/news/florida-condo-market-braces-for-impact-of-new-surfside-inspired-safety-law-desantis-champlain-towers/634668/
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Property Insurance UpdatesThe new changes won't lower rates right now, but may help bring insurers back to our state over time. Unfortunately for the time being, our insurance costs continue to rise. With insurance the largest component of our budget, this makes it hard to not increase our maintenance fees in order to keep up with the increases in insurance premiums.
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