This year’s legislative session has been full of drama but, sadly, short on meaningful property insurance legislation.
A bill that would give condominium owners and associations a little relief on the cost of keeping structures safe passed both chambers.
House Bill 913 will allow condo associations to obtain lines of credit and invest funds that will help pay for repairs – instead of having to immediately raise fees on owners. The Senate voted 37-0 in favor of the revised bill. The House then concurred and approved the measure 112-0.
“Without moving one step backwards on safety, this bill provides options, flexibility, and relief so condo owners and associations can prioritize the most important repairs first, including safety issues identified during milestone inspections,” Sen. Jennifer Bradley, who shepherded the bill through the process, said in a statement following the bill’s passage.
Senator Rodriguez’s bill and Representative Mooney’s bill were ultimately withdrawn when it became clear that disagreements between the legislative and executive branches hampered progress. Included in both of their bills were FIRM’s priorities to increase the coverage cap for Areas of Critical State Concern (Monroe County), return the 10% glidepath to Monroe County, clarify non-primary vs. primary residence for the purposes of correctly applying the glidepath and remove the flood insurance requirement for properties that are not at risk for flooding.
One topic that did receive attention was insurers’ business practices. The Florida House of Representatives Insurance and Banking Subcommittee met on April 3, 2025. The meeting included a discussion over HB881 and testimony and discussion over the Insurer Affiliate Study reported by the Miami-Herald. That bill was also withdrawn.
You can read more about that meeting here on FIRM’s website.