Our agency recently received a message that citizens’ property insurance customers could receive some premium assistance through a pilot program called the Homeowner Assistance Fund (HAF). Although the program is listed to help those who are in financial difficulties due to COVID-19, I speculate that this is due to the rising cost of property insurance, not necessarily due to the pandemic.
Prices are rising at a much higher rate than the cost of living and inflation, which means that some homeowners are left without insurance or buy a policy with less coverage. The Florida Department of Economic Opportunity (DEO) offers this “potential” financial aid to Florida homeowners who currently have home insurance with Citizens Property Insurance Corporation. But if the pilot succeeds, it may be available to more than just Citizens customers.
I think this is rather a reaction to the rising premium costs in the real estate market due to frivolous lawsuits, unethical contractors and fraud. To learn more about this, visit Floridians for Lawsuit Reform and make sure Floridian lawmakers know we̵7;ve had enough.
For now, if you have been identified by citizens to “possibly qualify” for the Premium Relief Fund through the Florida DEO, you can call 833-987-8998 or email them at HomeownersAssistanceFund@DEO.myflorida.com.