Florida Homeowners Insurance Law Changes | What Does It Mean

The Florida State Legislature passed, and Gov. Ron DeSantis signed the Florida Statute § 627.70152 to help address the rising Florida homeowners insurance cost. What will this mean for homeowners? Joseph Dionne of Appli Home Loans and I will be joined by a special guest on the next episode of Orlando Real Estate Buzz. Make sure you join us Thursday, June 2nd at 9am.

Have questions about the current housing market feel free to reach out to:

Joseph Dionne
Managing Partner
Appli Home Loans
www.applihl.com

Or

Brenden Rendo
The Homes In Orlando Team
NextHome Neighborhood Realty
www.HomesInOrlando.ForSale
407-710-8720

Speical Guest:
Steven Carothers
College Park Insurance
www.insurecp.com
407-839-2700

0:00 Intro
0:31 Introduce Steven Carothers
0:58 Florida Insurance Law Changes
1:12 Steven Carothers
2:19 Insurance Company Insolvency
3:09 Fraud
4:40 Insurance Losses
5:23 Where does the money go?
6:22 Property Insurance Legislation Highlights
6:43 $2 Billion Reinsurance Fund
7:58 Citizen Insurance Created
9:09 State of Florida To Underwrite Reinsurance
11:58 My Safe Florida Program
13:26 What Do You Need To Qualify
15:35 Roof Replacement Should Include?
18:10 Roofs 15 Years Or Less Can Not Be Denied Coverage
19:55 What Happens If Roofs Are Over 15 Years Old?
22:50 Why do roofs not have a sliding scale?
24:45 Roof Deductables
26:23 Penalties For Roofers
27:41 Response Times For Insurance Claims
28:51 Legal Reform

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