As every Floridian can tell you, obtaining property insurance in recent years has been challenging. More and more insurance companies have dropped their coverage for property owners, or they have shuttered their businesses altogether. And for those home and business owners who have secured coverage, premiums have skyrocketed.
In December, Florida lawmakers tried to address the problem by passing Senate Bill 2A, which Gov. Ron DeSantis signed on Dec. 14. The new law takes effect on Jan. 1.