Property Insurance Reform Bill Passes Final Senate Committee With Name Change For Citizens

April 5, 2011

A sweeping property insurance reform bill passed its final Senate committee on Tuesday. Among other things, the bill would free insurance companies from paying replacement costs of losses up front and from a requirement to offer comprehensive sinkhole insurance. With some critics arguing that means that no private insurers would offer sinkhole coverage, the bill requires the state-run Citizens Property Insurance to offer sinkhole coverage

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Taxing Condos as Apartments Results in Property Tax Savings

January 26, 2011

Sharpe argued to the Value Adjustment Board that the property should be taxed as if it were an apartment building…instead of as a condo, in order to obtain a reduction in real estate property taxes

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