As Merlin attorney Jonathan Bukowski previously discussed, the Colorado Common Interest Ownership Act (CCIOA) sets forth specific minimum insurance requirements for common interest communities, such as condominiums and homeowners associations (HOAs). These requirements are designed to ensure that common elements and, in some cases, individual units are adequately insured. Continue Reading Colorado’s FAIR Plan Expands Safety Net for At-Risk Properties
On May 17 of this year, Florida Governor Rick Scott signed into law Senate Bill 408, which, among other things, shortened the statute of limitations for property insurance claims in Florida to five years from the date of the loss. Under the earlier Florida Statutes § 95.11 and § 95.031, the statute of limitations did not expire until five years after a property insurer had breached the insurance policy. The Senate Bill 408 change came roughly five and a half years after Hurricane Wilma destroyed an enormous amount of Florida property, and the change left many questioning whether they could still seek redress for these claims.Continue Reading More Confusion of Florida’s Statute of Limitations for Property Insurance Claims
With the passage of Senate Bill 408, (Chapter Law 11-39), many have asked how the new laws will affect their current insurance claims. While sweeping changes are rarely passed, even a small change in a law can determine the outcome of a claim.Continue Reading Changes In The Law Can Lead To Confusion
A new legislative season is upon us in Florida. This usually means big changes to Florida condominium law and Florida condominium insurance law. Some of 2010’s big legislative changes to condominium insurance in Florida can be found in my posts from last June, New Changes to Condominium Insurance Legislation and More on New Changes to Condominium Insurance Legislation.Continue Reading New Bills Before the Florida Legislature Could Change Florida Condominium Insurance Law