PIFF Thanks State Leaders for Prioritizing Mitigation Efforts
TALLAHASSEE, Fla. (April. 24, 2024) – Today, Governor Ron DeSantis signed SB 7028, legislation that builds on the successful My Safe Florida Home (MSFH) program. The program provides free home inspections and up to $10,000 in grants to allow Florida homeowners to strengthen their properties against storms with home hardening products like impact resistant doors and windows, while cutting insurance costs through mandatory home mitigation discounts. The average insurance policyholder discount has totaled over $1,000.
Providing an additional $200 million in funding for the program, the bill also ensures that homeowners who need the program the most can utilize its benefits and authorizes an applicant to receive a home inspection under the program without being eligible for a grant or applying for a grant. The Governor also signed legislation to create the My Safe Florida Condominium Pilot Program.
“A proven way to prevent hurricane damage and property loss is to fortify homes against storms,” said Michael Carlson, President and CEO of the Personal Insurance Federation of Florida (PIFF). “Governor DeSantis, the Florida Legislature and CFO Jimmy Patronis have prioritized storm recovery and preparedness by supporting the My Safe Florida Home Program and adding funding to cover more Floridians on the waiting list. We’re also glad to see the condominium pilot legislation signed into law and hope this program proves it can reduce the risk of loss for condo owners as well.”
Earlier this year, it was reported that of the 3,897 homeowners who had completed the process, 1,928 said they experienced an insurance premium discount.
PIFF encourages homeowners to participate in the state’s home hardening program, which includes an initial home inspection, application through grant approval, construction, final inspection and reimbursement. For additional information and resources, please visit mysafeflhome.com.
About PIFF:
The Personal Insurance Federation of Florida, Inc. (PIFF), is a leading voice for the personal lines property and casualty insurance industry in Florida. PIFF represents national insurance carriers and their subsidiaries, including many of the state’s top writers of private passenger auto and homeowners multiperil insurance. Together, PIFF members write more than $13 billion in premium in the state. PIFF advocates for a healthy and competitive insurance marketplace for the benefit of Florida consumers. Follow us @PIFFNews. Visit PIFF.net to learn more.
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