TALLAHASSEE, Fla. — Florida homeowners will soon see relief on their insurance bills after the Florida Insurance Guaranty Association announced last week it is ending a 1% emergency surcharge two years ahead of schedule.
The surcharge had been in place for three years, originally implemented after 10 insurance companies went out of business. Ending it early could save policyholders up to $650 million over the next two years — about $31 a year for the average homeowner.
Officials say a quiet 2025 hurricane season, no new insurance insolvencies and legislative reforms that reduced lawsuits made the early end possible.
"Florida's property insurance market today is in its strongest financial position in a decade," Mark Friedlander of the Insurance Information Institute said.
The assessment officially ends Oct. 1.
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Matt Sczesny is determined every day to help you find solutions in Florida's coverage collapse. If you have a question or comment on homeowners insurance, you can reach out to him any time.
