A new bill, introduced in anticipation of Florida’s 2025 legislative session, seeks to significantly alter the state’s approach to condominium insurance.
The proposed legislation targets the state’s Citizens Property Insurance Corp., aiming to prohibit the insurer from issuing or renewing coverage policies for condominiums. This restriction would specifically apply to those buildings that fail to meet the standards outlined in required inspections. The bill’s sponsors cite concerns over the structural integrity of aging condo buildings and the potential financial burden on the state insurance system if these properties are not properly maintained.
