Anna Maria Island Real Estate Sales Blog

The Florida Legislature has just completed its session in Tallahassee, passing some of the most insurance-industry friendly laws ever enacted.

According to this article, unless an owner's policy calls for full replacement value, he may not get paid for repairs to his home until he can file receipts from contractors for those repairs. That means out-of-pocket costs for owners, NOT insurance companies.

Read the bad news here:

http://www.floridarealtors.org/NewsAndEvents/article.cfm?p=1&id=259906

Posted by John van Zandt on May 12th, 2011 5:16 PMPost a Comment (0)

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