Protection Plans

The way insurance as a business works fights either an easy or a comprehensive fix that will yield premium stabilization, much less reductions. All roads lead back to policyholders, even the state's protections plans like the Florida Hurricane Catastrophe Fund, Citizens Insurance and the brand new Commercial Property and Casualty Joint Underwriting Authority (CPCJUA), formed as business property insurance availability dries up across the state. The laws creating those plans are only viable because they carry the provision that, in the event the fund is totally expended, all Florida policyholders will be assessed to make up any shortfall.

Tags :
Commercial Property
Protection Plans
Premium Stabilization

Increase of property Tax

Some landlords gave up. Charles Adams of Citrus Park owned two rental homes and sold both of them as tax bills became too much. He sold a 1,300-square-foot rental home in Ballast Point at a time when neighbors were building enormous new homes, driving up his property tax bill at a $1,000-a-year clip. He waited until after the death of a longtime tenant to sell an 800-square-foot home in Palm River last year.

Tags:
Rental home
Enormous Buildings
Property Tax bill