b'2021-22 Florida Community Insurancecontinued from previous pageIn todays litigious environment,associations should ensure they haveadequate umbrella limits that coverexcess over general liability, hired andnon-owned auto, workers compensa-tion, and directors & officers poli-cies. As the market tightens, carriersalso add exclusions, limit coverageextensions, and increase deductibles. Important coverages and exclusionsto be aware of are: Wind-driven rainBack up of sewers and drainsSinkholesCross suits exclusionFirearms exclusionsAssault and battery exclusionPer claim deductiblesAnimal exclusionsAssociations should reviewthese changes with their insuranceprofessionals annually and under-stand how they impact theirbalance sheet. The Florida legislativebody has passed several new billsthis session to help curb premiumincreases. One bill prevents unitowners insurance carriers fromsubrogation/suing the Associationand another aims to remove fraudfrom first party property hurricaneclaims. It will take some time forthese to have an impact on decreas-ing premiums for associations.As insurance is typically one ofthe largest costs for communitiesin Florida, this information isintended to aid in addressingthe current challenges communitiesface in 2021-2022.!10 - Suncoast Review Winter 2021 www.SuncoastCAI.com'