Webinar: Insurance Claims and Coverage for Community Associations: Navigating Florida’s Insurance

Webinar: Insurance Claims and Coverage for Community Associations: Navigating Florida’s Insurance

The Florida insurance marketplace is in complete disarray. While Florida has experienced a difficult property market in the past, we have never seen those conditions carry over simultaneously to multiple lines of coverage. This has both driven up premiums/rates, lessened coverage and created a heightened sense of the reality of the “cost of living” in a condominium in Florida.

Associations need to be prepared for what the next 18-24 months of a continued hard market will do for their budgets. In this course, we discuss the status of the insurance marketplace as it relates to property, liability, directors and officers, and umbrella/excess policies. They also cover topics including changes in underwriting expectations, familiarity with Citizens Property Insurance, and budget expectations.

Topics Covered:

  • What coverages are required?
  • The impact of increasing premiums.
  • The importance of the appraisal, adequate coverage, and supplemental policy riders.
  • Distinguishing coverage and reconstruction obligations from maintenance and repair obligations.

This program is not eligible for CEU credit or certificate of completion.

SPEAKERS:

Kenneth S. Direktor
SHAREHOLDER
Ft. Lauderdale
Becker
kdirektor@beckerlawyers.com

Andrea Northrop, Esq.
VICE PRESIDENT
Insurance Office of America
Andrea.Northrop@ioausa.com