Like several significant laws, Senate Monthly bill four-D raises new questions. The Invoice represents An important change for condo associations and can alter the quantity of condo boards do enterprise. Under undoubtedly are a several queries that don’t still have distinct answers.

Senate Monthly bill 4-D seeks to offer alternatives and substantial modifications to forestall An additional condo collapse disaster. However, In addition it creates new worries for condo associations. Associations will have to assessment their reserves and price structure to ensure they meet the law’s demands. They might also need to review their insurance coverage procedures to make certain all proper coverage is in place.

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Work proactively with a highly skilled wholesale coverage broker. Florida remains a complicated insurance environment, and it pays for an association to work proactively which has a wholesale insurance policy broker skilled with Florida’s market landscape.

However, that can take time. In the meantime, there are steps condo associations usually takes to organize. Retail brokers may help by reaching out to condo associations to make certain they’re using ideal motion like:

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