Commercial property insurance prices have gone up right along with the price for people who own homes.In a state that’s popular for retirees to enjoy their golden years, the facilities that house thousands of Florida seniors are facing increasing financial pressure just to keep their lights on.
was significant to all commercial properties within the impact zone. Friedlander said the costs to rebuild these facilities also went up dramatically. “These types of businesses are very prone to liability suits, class actions, a lot of very large verdicts, what we call in the legal world, nuclear verdicts. So that’s another factor at play when you talk about how commercial properties are rated,” he said.
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