MY SAFE FLORIDA CONDO AND HOME PROGRAM UPDATES
- Eric M. Glazer
- 2 days ago
- 1 min read
You may recall that The State of Florida came up with two programs to help alleviate the cost of insurance for both condo and HOA owners. The first was:
MY SAFE FLORIDA HOME PROGRAM
The My Safe Florida Home program was established during the 2022 legislative session. It aims to assist eligible homeowners by offering complimentary wind mitigation home inspections and providing wind mitigation grants for fortifying their homes against storms.
Under this program, homeowners can potentially reduce their insurance premiums by obtaining a wind mitigation inspection, this inspection assesses the presence of various wind-damage mitigation features such as roofing materials, roof shape, storm shutters, and attachments like hurricane clips for walls and roofs.
Then, homeowners who have undergone a wind mitigation inspection may qualify to apply for grant funds from the state. Florida will contribute $2 for every $1 spent by homeowners, up to a maximum of $10,000, helping them cover the costs of recommended improvements.
I called on Wednesday and according to the state, no additional funding has been approved and no new applications are being accepted.
MY SAFE FLORIDA CONDO PILOT PROGRAM
The My Safe Florida Condo Pilot Program is similar in that condos were able to get an inspection to see how they can get mitigation credits and the state would contribute a maximum up to $175,000.00.
But guess what……The State is no longer accepting applications as well.
So……the only thing I can say is…….keep an eye on their websites for any possible changes.
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