Florida just launched this program to help condo costs - WFLX

Nov 14, 2024 · The state of Florida announced a new program Thursday that they hope will curb the surging costs of living in a condo. Chief Financial Officer Jimmy Patronis and the Florida Department of Financial Services just launched what they're calling the "My Safe Florida …

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My Safe Florida Home And Condo Pilot Program Bills Head To …

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Apr 25, 2024 · Senate Bill 7028 would provide the My Safe Florida Home program with $200 million in funding, which comes after the Florida Senate passed an extra $176 million in …

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My Safe Florida Condo Program Runs Out Of Funding In One Week

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Nov 25, 2024 · The Legislature approved the program early this year with $30 million in funding, and it was launched Nov. 14. By Nov. 19, the funding had been exhausted after at least 150 …

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Bill Aims To Reduce Condo Insurance Costs By Allowing Cash

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Dec 9, 2023 · According to data released by the Florida Office of Insurance Regulation, the number of commercial condo policies covered by Citizens increased by 148% — from 1,947 to …

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FAQs about Florida just launched this program to help condo costs - WFLX Coupon?

Can Florida condo owners get free inspections & grant funding?

TAMPA, Fla. (WFLA) — Condo owners in Florida can now get free inspections and grant funding through a new pilot program aimed at helping them strengthen their properties against hurricanes. Chief Financial Officer Jimmy Patronis and the Florida Department of Financial Services announced the launch of the “My Safe Florida Condo” pilot Thursday. ...

What is the my safe Florida condo pilot program?

The My Safe Florida Condo pilot program is a first step to helping Florida’s condo community in the same ways that we have been able to help tens of thousands of homeowners through the My Safe Florida Home program. Ultimately, what we learn from My Safe Florida Condo will help determine the future of the pilot program going forward.” ...

What can we learn from'my safe Florida condo'?

“Ultimately, what we learn from ‘My Safe Florida Condo’ will help determine the future of the pilot program going forward.” Condominium associations must be within 15 miles of the coastline to be eligible for the pilot program. The maximum grant contribution per association is limited to $175,000. ...

Could a'my safe Florida condo' program help lower wind insurance costs?

In addition to making properties safer, officials said the program may also help lower costs, with the added benefit of potentially lowering wind insurance premiums. The Florida Legislature created the “My Safe Florida Condo” pilot program during the 2024 legislative session and provided $30 million in funding statewide. ...

Will florida's'my safe Florida home' program expand to condos?

A popular program to help homeowners lower their insurance premiums likely will be expanding to condos. On Wednesday, Florida's House and Senate unanimously approved starting the My Safe Florida Home Program for condominum associations. ...

What does House Bill 1029 mean for Florida condo associations?

The second bill, House Bill 1029, seeks to set up the My Safe Florida Condominium pilot program within the Department of Financial Services. Like its sister program, it would provide condo associations with inspections recommending mitigation improvements and the opportunity to apply for improvement grants. ...