Please note that the information presented below is for informational purposes only. To learn the specifics of the bill, we highly recommend reading the bill in the form it passed the Legislature in Florida and signed by Governor Ron DeSantis.
Effective Date: The bill sets out specific dates for when inspections should be completed. Unless otherwise specified in the bill, the changes became effective on June 9, 2023, the date on which Governor DeSantis signed the bill.
Bill Text: Senate Bill 154
Senate Bill 154 introduces the following changes:
– Policies that do not provide coverage for wind damage and condominium unit owners are not required to have flood insurance.
– Modifies the professionals who are authorized to conduct the condominium milestone inspection and structural integrity reserve study.
– Specifies the content that should be included in the inspection and clarifies who should arrange it.
– Defines when the condominium milestone inspection should take place and outlines the notification requirements.
– Empowers the local law enforcement agency to make decisions related to inspections.
– Establishes requirements for reserve accounts.
– Exempts certain buildings from the inspection requirements, including buildings less than three stories, single-family, two-family, or three-family dwellings with three or fewer habitable stories, portions or components of a building not owned by the association, or portions or components of a building maintained by another party.
– Outlines notification requirements regarding inspections and reports when selling the property.
Please note that the information presented below is for informational purposes only. To learn the specifics of the bill, we highly recommend reading the bill in the form it passed the Legislature in Florida and signed by Governor Ron DeSantis.
Our clients have more important things to do in their lives than to keep up with forever changing homeowners insurance and building codes. That is why Public Adjusters exist. Let us do the work for you!