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House owner charges will proceed to extend 30% to 50% this yr.  And no, they aren’t hurricanes.

Due to the governor’s management, the 2022 particular legislative session eradicated profit waiver agreements and the duty for insurance coverage corporations to pay attorneys’ charges to these suing them.

These and different modifications enacted in Senate Invoice 2A will already assist, however charges will proceed to extend sharply as a result of the modifications fall far quick of what’s wanted to assist property house owners. It might take two years (or extra) for realtors to really feel the results as a result of some particulars have been misplaced.

We hope that the present legislative session will handle the shortcomings described under, in order that landlords will really feel comfortable sooner relatively than later.

Downside 1) Reinsurance Reinsurance is safety insurance coverage corporations purchase to guard themselves from a disaster that’s too large for them to even pay for. These reinsurance charges have skyrocketed over the previous two to 4 years.


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