Flood Insurance Policy Changes

Since the 1970’s Flood insurance rates have been calculated based on criteria that do not accurately account for flood risk. Rates have previously been based on a Flood Insurance Rate Map (FIRM). These maps were developed in 1968 when the National Flood Insurance Program (NFIP) was enacted. Prior to the development of the NFIP, flood Learn More “Flood Insurance Policy Changes”

Champlain Towers South Collapse: The Canary in the Coal Mine

The Cost of Living in Paradise has just increased.    The tragic collapse and loss of life at the Champlain Towers South Condominium portends dangers and challenges for Shared Living Communities (SLCs). The most dramatic changes will be felt in older oceanfront high-rise communities. Make no mistake, new buildings, inland properties, townhouses, and every SLC Learn More “Champlain Towers South Collapse: The Canary in the Coal Mine”

The State of Florida’s Insurance Market: Welcome to the Thunderdome

Below is a reprint of a recent agent’s newsletter from Olympus Insurance Company. Olympus is a leading provider of Homeowners Insurance in Florida. The newsletter provides excellent insights into the current Homeowners Insurance crises. Olympus is a valued partner of our agency and we appreciate Olympus’s approval to share this confidential document. State of Florida Learn More “The State of Florida’s Insurance Market: Welcome to the Thunderdome”

The Rise of Construction Costs

Floridians are being impacted by the rising costs of construction and construction materials (and the costs trends will continue to rise).  In the past 6 months construction costs have exploded, in part as a result of supply shortages and Covid shutdowns. Nowhere is this more evident than in the cost of building a single-family home. Learn More “The Rise of Construction Costs”