Significant Changes to Florida’s Property Insurance Laws Will Severely Limit Homeowner’s Rights
More drastic changes have been made to property insurance in the State of Florida. These changes will severely limit the rights of homeowners. The changes will also provide insurance companies with significant discretion and safeguards regarding their payment of claims. The new law now severely restricts a homeowner’s right to attorney’s fees for the successful prosecution of a legitimate claim. Insurance companies are also now allowed to include mandatory, binding arbitration provisions in their insurance policies that prevent a homeowner from accessing the courts of this state should an insurance…