Personal Property Statement Without Holdback In Florida
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Under the new roofing laws, insurance companies cannot deny coverage based on the age of a roof that is less than 15 years old. However, when a roof reaches the age of 15, it has to be re-certified. In other words, a roofer has to look over the roof and certify that it has at least another five years of life left.
What is personal property insurance? Personal property coverage can cover your belongings such as furniture, clothing, sporting goods or electronics in the event of a covered loss. You can protect what you own whether items get damaged at your home, an apartment or anywhere in the world.
In December of 2022, the Florida state legislature approved changes to Florida home insurance laws that are designed to keep insurance companies operating in the state. The changes include requiring many homeowners to buy flood insurance and a push to move home policies from state-run Citizens to private insurers.
Since the start of the year, Governor Ron DeSantis has signed over 180 bills from the 2024 Legislative Session into law that went into effect on July 1, 2024. Some notable laws include allowing patriotic organizations in schools, HOA fine limits and transparency, and changes in eviction laws.
The bill requires each insurer and insurer group, beginning January 1, 2025, to file the required personal and commercial lines residential property insurance supplemental reports to the annual report monthly, rather than quarterly, and to provide such information broken down by zip code rather than by county.
Effective Date: July 1, 2024 with some provisions effective on , the day Governor DeSantis signed the bill. Allows surplus lines insurance companies that meet certain financial requirements to take out policies from Citizens for dwellings that are not primary residences or homestead properties.
Florida Statute defines TPP as “all goods, chattels, and other articles of value (but does not include vehicular items) capable of manual possession and whose chief value is intrinsic to the article itself.”
Disposition of Personal Property Without Administration is a streamlined process to simplify the handling of a deceased person's estate when the value of their assets falls below a certain threshold. It allows bypassing the court supervision of probate.
Why must I file a return? Florida Statute 193.052 requires that all tangible personal property be reported each year to the Property Appraiser's Office. If you receive a return, it is because our office has determined that you may have property to report.