1 hr 13 min
Cyndee Haydon: All Things Florida Home Insurance Real Estate Excellence
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- Business
How can understanding the intricacies of Florida's insurance landscape help real estate agents better serve their clients and navigate the challenges of the current market?
In this insightful episode of the Real Estate Excellence Podcast, host Tracy Hayes welcomes back Cindy Hayden, a successful real estate agent and the chair of the National Association of Realtors Insurance Committee. Cindy shares her extensive knowledge and experience in navigating the complex world of Florida's insurance market. Throughout the conversation, they delve into the factors contributing to rising insurance costs, the impact of recent legislation, and the crucial role that real estate agents play in educating their clients about insurance-related issues. Cindy also highlights the importance of the look-back period in flood zones and how it can significantly affect homeowners' ability to maintain and improve their properties. With her passion for advocacy and consumer protection, Cindy provides valuable insights and practical advice for real estate professionals and homeowners alike.
Cyndee is a highly successful Realtor, International Speaker, and Trainer in the Tampa Bay area. She specializes in helping clients buy and sell profitable short-term rental homes, condos, and navigate probate or trust sales. As the Chair of the National Association of Realtors Insurance Committee, Cyndee is a recognized champion for insurance issues. An accomplished author of seven books, Cyndee's expertise and qualifications make her uniquely qualified to help clients achieve their goals.
00:00:00 - 00:16:32 The Insurance Landscape in Florida
Insurance costs have become a significant factor in the home-buying process in Florida.
Cindy Hayden's personal experiences have driven her passion for educating people about insurance.
The role of Citizens Property Insurance Corporation as the insurer of last resort in Florida.
00:16:33 - 00:33:57 Tackling the Insurance Crisis: Legislation and Depopulation
Recent legislative changes aimed at stabilizing the insurance market in Florida.
The depopulation of Citizens and the importance of consumer awareness when receiving offers from private insurers.
The potential impact of insurance costs on the affordability and availability of housing in Florida.
00:33:58 - 00:46:59 The Litigation Problem and its Consequences
The one-way attorney fee legislation and its role in driving up insurance costs through excessive litigation.
The assignment of benefits issue and its impact on the insurance market.
The importance of working with experienced real estate agents who can guide clients through the complexities of insurance.
00:47:00 - 00:55:59 Condos and Commercial Properties: Unique Insurance Challenges
The growing concerns over insurance costs for condos and commercial properties in Florida.
The impact of the milestone study and increased scrutiny on older condos.
The potential consequences of high deductibles on the availability of mortgages for condos.
00:56:00 - 01:14:25 The Look-Back Period: A Looming Threat for Homeowners
The look-back period and its impact on homeowners' ability to maintain and improve their properties in flood zones.
The unintended consequences of longer look-back periods and the need for transparency and education.
The importance of real estate agents staying informed and advocating for their clients in matters related to insurance and the look-back period.
Key Quotes:
"Insurance is the housing affordability third leg of the stool that people often overlook." - Cindy Hayden
"We're equally damaged if our neighbor's not insured. So really it is something where we want everyone to understand how to be resilient, how to get back on their feet." - Cindy Hayden
Connect with Cindy:
LinkedIn: https://www.linkedin.com/in/cyndeehaydon/
If you want to build your
How can understanding the intricacies of Florida's insurance landscape help real estate agents better serve their clients and navigate the challenges of the current market?
In this insightful episode of the Real Estate Excellence Podcast, host Tracy Hayes welcomes back Cindy Hayden, a successful real estate agent and the chair of the National Association of Realtors Insurance Committee. Cindy shares her extensive knowledge and experience in navigating the complex world of Florida's insurance market. Throughout the conversation, they delve into the factors contributing to rising insurance costs, the impact of recent legislation, and the crucial role that real estate agents play in educating their clients about insurance-related issues. Cindy also highlights the importance of the look-back period in flood zones and how it can significantly affect homeowners' ability to maintain and improve their properties. With her passion for advocacy and consumer protection, Cindy provides valuable insights and practical advice for real estate professionals and homeowners alike.
Cyndee is a highly successful Realtor, International Speaker, and Trainer in the Tampa Bay area. She specializes in helping clients buy and sell profitable short-term rental homes, condos, and navigate probate or trust sales. As the Chair of the National Association of Realtors Insurance Committee, Cyndee is a recognized champion for insurance issues. An accomplished author of seven books, Cyndee's expertise and qualifications make her uniquely qualified to help clients achieve their goals.
00:00:00 - 00:16:32 The Insurance Landscape in Florida
Insurance costs have become a significant factor in the home-buying process in Florida.
Cindy Hayden's personal experiences have driven her passion for educating people about insurance.
The role of Citizens Property Insurance Corporation as the insurer of last resort in Florida.
00:16:33 - 00:33:57 Tackling the Insurance Crisis: Legislation and Depopulation
Recent legislative changes aimed at stabilizing the insurance market in Florida.
The depopulation of Citizens and the importance of consumer awareness when receiving offers from private insurers.
The potential impact of insurance costs on the affordability and availability of housing in Florida.
00:33:58 - 00:46:59 The Litigation Problem and its Consequences
The one-way attorney fee legislation and its role in driving up insurance costs through excessive litigation.
The assignment of benefits issue and its impact on the insurance market.
The importance of working with experienced real estate agents who can guide clients through the complexities of insurance.
00:47:00 - 00:55:59 Condos and Commercial Properties: Unique Insurance Challenges
The growing concerns over insurance costs for condos and commercial properties in Florida.
The impact of the milestone study and increased scrutiny on older condos.
The potential consequences of high deductibles on the availability of mortgages for condos.
00:56:00 - 01:14:25 The Look-Back Period: A Looming Threat for Homeowners
The look-back period and its impact on homeowners' ability to maintain and improve their properties in flood zones.
The unintended consequences of longer look-back periods and the need for transparency and education.
The importance of real estate agents staying informed and advocating for their clients in matters related to insurance and the look-back period.
Key Quotes:
"Insurance is the housing affordability third leg of the stool that people often overlook." - Cindy Hayden
"We're equally damaged if our neighbor's not insured. So really it is something where we want everyone to understand how to be resilient, how to get back on their feet." - Cindy Hayden
Connect with Cindy:
LinkedIn: https://www.linkedin.com/in/cyndeehaydon/
If you want to build your
1 hr 13 min