Spiraling storm-related insurance premiums put a strain on our communities and compromise the ability of elected volunteer community association leaders to manage them effectively. Such premiums prevent allocation of sums prudent boards should channel to protective measures to reduce the risk of future hurricane damage and tempt international insurers back to Florida.
Skyrocketing insurance premiums, on top of financing, collection and management of huge sums to cover insured and uninsured storm related damages, threaten unnecessarily to fan the flames of contention and spur conflict in even well-governed communities across the state." - In Boca Raton, FL, Bonnie Dearborn, a member of the elected Board of Directors at the Homeowners Association of Lands End, who also sits on the CALL Member's Council, said: "Following last year's hurricane season, many residents of Florida homeowners associations have been hammered by a combination of uninsured losses for storm-related damage and sky-high hikes in their association's insurance premiums. This has got to stop and our elected officials must act now if Florida is going to continue to remain attractive for individuals and families seeking secure and affordable lifestyles in our beautiful state."
Tags:
Profit in Insuring
Uninsuring Loss
International Insurers
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment