Higher Premium for Residents.

When several committee members said a house’s age helps determine its premium, Leslie Chapman-Henderson cautioned that it can’t be the only determining factor, either. “We can’t draw a line in the sand,” she said, and decide that houses built before a certain date have to pay higher premiums. Some older houses, she said, were built during decades of heavy storms and are stronger than some newer homes.

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Higher Premiums
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Insurance Premiums

In Hallandale Beach, FL, City Commissioner Joe Gibbons, a condo board President who sits on CALL's Members Council and is State Representative-elect for District 105, said: "Volunteer community association Boards and association members are in crisis over how to cover skyrocketing insurance costs, while also safeguarding community finances against abuses that can occur when so much money is flowing through so few hands.
Serious allegations of abuse over storm-related expenditures -- such as those under investigation at Hallandale Beach's Parker Plaza condominium -- send a clear signal that we must aggressively pursue a solution to this insurance crisis, even as we prosecute those who try to profit from insurance-related graft and corruption."

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