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Here's what you need to know about the passing of Senate Bill 360.
Senate Bill 360 was signed into law on Friday, April 14th, 2023 in the state of Florida. This new law brings many changes to the residential construction industry.
Let's break it down.
SB 360 went into effect immediately after the Governor signed the bill, meaning the statute of repose for latent defects for all homeowners has been reduced to seven years.
Please Note: There is an exception for claims that would have been timely under the pre-existing law. Those claims can be made through July 1, 2024.
Questions? Our team is here to help! Contact one of our Florida advisors today.
Doug Wenzel | 866-440-7271 | dwenzel@maverickbuilders.com
Miriam Rodriguez Alvarez | 305.333.5683 | malvarez@maverickbuilders.com
Josh Arrowood | 865-389-7377 | jarrowood@maverickbuilders.com
We’re a trusted and experienced financial advisor to builder’s across the country. If you’re a homebuilder in need of structural warranties for your homes or insurance to protect your business, reach out to our team.