The Florida House Has Passed a Property Insurance Law: A bill to address growing house insurance premiums was approved by House members on the last day of a special session in the capital of Florida. Republican Representative Paul Renner in Flagler County remarked, “Today is a big day in that we gave assistance to Floridians who so urgently needed it. The second special session of the year focused on home insurance was successfully concluded by Republican lawmakers.
As the final votes were tallied to pass a plan that would reform property insurance, they applauded. However, their Democratic counterparts lacked the same enthusiasm. Democratic representative Fentrice Driskell from Hillsborough County remarked, “Florida House Republicans and Senators just passed a plan that delivers a $1 billion bailout to insurance firms and no help for Florida residents.”
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Your right to transfer your benefits to a third party, such as a contractor, is eliminated by that bill. Additionally, it reduces the number of policyholders that Citizens insure, expedites the claims filing procedure, and eliminates one-way attorney fees. Additionally, it gives insurance firms the opportunity to obtain their insurance coverage by drawing $1 billion from the state’s general fund.
Rep. Paula Stark, R-Osceola County, said, “I think the way we’ve constructed it should be able to offer everybody an option one way or another to move forward with their insurance coverage.” Volusia County Republican Rep. Tom Leek believes it will take some time before your house insurance costs start to decrease. “We didn’t become involved in this issue overnight. Our property insurance market has been ill for a while, and what we did today was take that medicine since there is no magic cure, Leek added.
Rep. Anna Eskamani, a Democrat from Orange County, said, “We are fighting for you and doing everything we can with this package but also on the ground holding insurance companies accountable one by one.” The House also approved two pieces of legislation that would offer credits and property tax relief to motorists who use toll highways 35 or more times each month. The governor’s office will be required to sign all three of the special session’s laws. WESH requested a comment but has not yet received one.
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