The article reports on the decision of Poe Financial Group, Florida's top private homeowners' insurance writer, to stop writing new policies or renewing old ones in the subsidiary that covers condominiums and homeowners associations. The decision was spurred by the ten million dollars in gross ...
The Florida Department of Business and Professional Regulation, Division of Condominiums, Timeshares, and Mobile Homes, has the power to enforce compliance for condominiums and cooperatives regarding completion of the milestone inspection reports, structural integrity reserve studies, and reserve funding. DE...
Then there are insurance costs, alluded to above, as the two are intertwined. The frequency and severity of extreme weather events are increasing. Florida, for one, has lost several insurers as they flee the state, which only worsens the issue for homeowners because they either face wildly hi...
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Wells Fargo, Coldwell Banker, Prudential Real-Estate, Century 21, Allstate, State Farm, Liberty Mutual, Citizens, Mercury, Royal Palm, Nationwide, Coral Insurance and actively participating as an official sponsor of Florida's Largest Homeowners Insurance Network with over2,800 Networked LocationsStatew...
Goldstein adds that there are protections for “whistleblowers,” such as a provision for condominiums and HOAs that prohibits Strategic Lawsuit Against Public Participation (SLAPP) suits. These are lawsuits against a member brought in retaliation for that member’s having reported to a governmental ...
there is an increasing number of homeowners’ associations amending their documents to make their election procedure more like condominiums so that they give notice to everyone well ahead of time so that those who want to put their name in ahead of time as a candidate have an opportunity to do...
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These are commonly known as Homeowners or HO-3 insurance policies. They cover physical destruction of the property and insure both the Lender as an additional payee as well as the Insured who is the owner of the property. All mortgage loans including down payment assistance loans require this ...
When it comes to the housing market, there may be an initial shock to the supply as homeowners wait for reimbursement from insurance companies to fix up their homes or sell them. But in the three years after a hurricane, home prices in areas of Florida that were hit by one are 5%...