In this week's episode of Requity Insights, the focus is on the insurance crisis in Florida and its impact on the real estate space. The episode discusses how insurance rates in Florida have DOUBLED in just four months, leading to many property owners renewing their current insurance policies early to avoid the significant increase. The discussion sheds light on the reasons behind the insurance crisis and how it has affected businesses and individuals in the state. We also highlight the challenges that property owners and developers are facing in securing adequate insurance coverage and how people are anticipating for the state to step in.

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Keynotes:

00:00:00 – Introduction

00:01:14 – What exactly is the Insurance Crisis?

00:02:19 – New bill being passed in Florida

00:03:40 – How the insurance increase has impacted our acquisition process

00:11:13 – Steps we’ve taken to ensure safety during this time

00:12:50 – Where do we see the rates going in the next year

00:14:13 — Recap and advice we have to help you navigate this

00:15:40 – Outro

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