Florida is one of the favorite destinations in the United States. Practically all year round it offers a warm climate, as well as multiple water activities, nightlife and culture, sun, sand and sea. But living in the area is not cheap at all. It is one of the states where high incomes are needed, not only because of the cost of services and life in general, but also because what home insurance entails. The good news is that the governor has announced an economic aid package in this regard.
Aware of this, the governor of Florida, Ron DeSantis, has just announced a new project of financing to support citizens with properties located near beaches.
The Sunshine State has a program called My Safe Florida Home that involves receiving a visit from authorized inspectors and, after conducting a wind mitigation review and filling out all the necessary paperwork, allows receive financial support to pay for property insurance.
Although, there are hundreds of people who want to access this benefit, so it is common for them to run out of funds. Fortunately, Ron DeSantis this week signed into law a bill that will allocate US$200,000,000 to make this subsidy work again.
According to an article by News Channel 8, the reason for this decision is that Mi Hogar Florida Seguro has a wide demand and a large waiting list. Hence, Through these new resources, it is planned to reach a greater number of people.
What is My Safe Florida Home and how to apply?
The Mi Hogar Florida Seguro program is aimed at reducing insurance rates. Since the state is in a high-risk area, due to the possibility of natural disasters, such as a hurricane, the premiums are usually quite high.
Thanks to this government program Homeowners can reduce their hurricane premium in some cases by up to 88 percent. Although, according to the authorities, they normally get a subsidy of between 50 and 70 percent.
It should be noted that at the moment the program is not accepting new applications for free inspections. However, Starting July 1, registration will reopen, although changes are expected in the requirements.
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