Anne Geggis

3 days ago | palmbeachpost.com | Anne Geggis

Florida condo associations applied for state grants to improve building safety and lower insurance costs. New legislation restricts grant eligibility to buildings with three or more stories, leaving some off the list for recieving a grant. The changes aim to align the grant program with new condo safety rules implemented after the Surfside collapse. Some condo associations express frustration over the changes, feeling penalized despite early application and compliance.

3 days ago | yahoo.com | Anne Geggis

Their roof is aging and members have been battered with multiple years of gargantuan insurance increases, so a Pembroke Pines condominium association made sure they were among the first in an avalanche of applications for state condo-hardening grants. My Safe Florida Condominium Pilot Project proved so popular in November that the window of opportunity to grab one lasted only six days.

3 days ago | jacksonville.com | Anne Geggis

Florida condo associations are struggling to secure adequate insurance, impacting residents' ability to refinance mortgages. Fannie Mae's blacklist of condo associations has tripled much of it due to insurance issues. New legislation aims to address insurance concerns, but may not satisfy lending institutions' requirements. The insurance market for Florida condos is improving, but obtaining full replacement value coverage remains a challenge.

3 days ago | palmbeachpost.com | Anne Geggis

Florida condo associations are struggling to secure adequate insurance, impacting residents' ability to refinance mortgages. Fannie Mae's blacklist of condo associations has tripled much of it due to insurance issues. New legislation aims to address insurance concerns, but may not satisfy lending institutions' requirements. The insurance market for Florida condos is improving, but obtaining full replacement value coverage remains a challenge.

1 week ago | palmbeachpost.com | Anne Geggis

Many Florida homeowners likely won't see increases in windstorm insurance rates as high as in past years. Reinsurance costs, a major driver of premiums, are decreasing as the market views Florida as less risky. Lawsuits against insurers have dropped significantly since 2022-2023 tort reforms. While South Florida hasn't seen major premium drops, other areas are experiencing decreases of up to 50%.