TAMPA, Fla. — We are continuing to cover the price of paradise and the state of insurance with the top insurance headlines for the week.
1. DESANTIS ON CONDO REFORM
- Pressure is mounting on Florida lawmakers to address the rising costs for condo owners.
- A special session of the legislature could potentially provide a solution.
The Florida House, Senate, and governor cannot agree on the necessary actions.
Lawmakers search for answers for Condo issues
2. LOWER INSURANCE RATES ON NEW BUILDS
- A Florida-based insurance company is offering a new program of lower premiums to buyers of newly constructed homes.
"This program is for new home construction, and it's an embedded program that is sold through the builder," Melissa Burt DeVriese, the president of Security First Insurance, said.
Why new homes could be affordable solution to insurance costs
2. TAMPA BAY AREA AGENT SEEING RATES DROP
- One Tampa Bay insurance agent is seeing issurance rates coming down.
- He said he is seeing the drop in the last 60 days.
See my full report on Wednesday.
Tampa Bay agent seeing rates drop
“You know, it might just be time we take a look if HOAs are really even necessary.
Maybe we should just do away with homeowner associations as a whole.”
South Florida lawmaker Rep. Juan Carlos Porras (R-Miami) says it may be time to do away with homeowners associations altogether, as more Floridians speak out about rising fees, costly lawsuits, and even arrests tied to HOA disputes. He said this week that he is considering filing legislation in the next session that would abolish HOAs statewide.
