Will Construction Insurance Costs Kill Florida’s Real Estate Boom?

April 12, 2024

Via: JD Supra

The cost of construction insurance in Florida is having developers second-guess their willingness to invest in the Sunshine State, while business leaders are growing concerned that higher insurance costs may slow Florida’s booming real estate sector.

But these fears are overblown, and relief is taking hold, thanks to the Florida Legislature.

While rising insurance costs will force developers to bring more creativity to their contracts, changes to the state’s litigation standards will soon ease Florida’s insurance crunch.

Read More on JD Supra