Welcome to this podcast about the alarming changes in the Miami home insurance market. In this episode of the Better Decisions Podcast, I sit down with Lawyer Hugo Garcia. Hugo is a managing shareholder at Florida General Counsel who helps homeowners seeking advice on insurance coverage and defends homeowners in insurance claim litigations. This is one of our most requested and arguably most eyeopening podcasts yet.

Episode Chapters
00:00 Intro
01:30 About Hugo Garcia
02:25: South Florida Insurance Policies in the last 3 years
05:04: South Florida Insurance Challenges: OneSided Agreements
07:15 Working example of a claim
09:24 Citizens’ Participation in the South Florida Market
12:00 The Influence of Aging Properties on the Market
17:40 Justifying The Insurance Rate Hikes
22:35 Climate Change Discussions during Trial
24:30 Significance of Insurance Climate for Property Owners in Miami
27:15 Value Appreciation of homes in or out of the Floodzone
28:55 Homes Facing Insurance Accessibility Challenges
31:30 Self Insurance
32:55: Remodeling Older Homes
35:20 Significance of Insurance Climate for Buyers
39:15 Foreclosure Trends Impacted by Insurance Crisis
41:35 The Insurance Challenges in the Condo market
46:55 The Most Vulnerable Property owners
48:10 Conclusions


Whether you're a real estate enthusiast or just curious about the business strategies behind real estate investing, this episode offers invaluable insights directly from one of the industry's top executives. Don’t miss it!

Check out the full blog here: https://luxlifemiamiblog.com/unlockin...

Subscribe to our channel for more insights and analyses on real estate markets and investment strategies.

Follow Us On Social Media
Instagram: www.instagram.com/thedavidsiddonsgroup

OUR BETTER DECISIONS PODCASTS
https://luxlifemiamiblog.com/category...

ABOUT HUGO L GARCIA

⬜ Hugo L Garcia
Managing Shareholder at Florida General Counsel, P.A.
https://generalcounselfl.com/
[email protected]
(305) 7042500


⬜ David SIddons
[email protected]
305.508.0899
https://luxlifemiamiblog.com