20 Nov Inspection Deadline Worsens Florida Condo Insurance Market
The ‘PROPERTY INSURANCE REPORT’ recently published their update on Property Insurance in Florida, specific to Condo Associations. Brendan Lynch, President and Owner of Plastridge Insurance Agency provided his feedback on what we are experiencing with our own clients.
“The Condo Insurance crisis in Florida is easing for smaller buildings far from the ocean, but three years after the deadly Champlain Towers collapse few carriers are willing to underwrite the taller condos that dot the coasts, and a state lawmaker is pushing to expand the residual market to make coverage more available.”
After 105 years in South Florida facing Hurricanes and Floods together, Plastridge leads the way in providing risk management and insurance programs for many Condominium and Homeowner Associations throughout Florida.
See attached article for more details. If you have any questions, please reach out to us.
We’re here when you need us.
Click here for the Property Insurance Report (11-18-24)
Brendan Lynch, President and Owner Plastridge Insurance Agency
561-276-5221
Article provided by www.riskinformation.com