Palm Coast and Flagler County if you're over 65 and living on a budget, you could be getting a sweet 10% back on the homeowners' insurance premiums if you are a Florida senior citizen homeowner.
Great news for our fellow Florida senior citizens and homeowners! Senate Democratic Leader Lauren Book has a thoughtful plan to ease the financial strain on our community when it comes to those annual property insurance bills.
Senator Book recently introduced a bill, SB 348, designed to give a helping hand to low-income residents aged 65 and above. Here's the exciting part: eligible seniors could receive a 10% rebate on the homeowners' insurance premiums for their primary residence.
This incredible initiative, aptly named the "Insurance Rebate Program for Low-Income Seniors," aims to benefit those with an income below 200% of the federal poverty level. In practical terms, for 2023, that means an individual's income should be under $14,580, with an additional $5,140 allowed for each family member.
Senator Book passionately emphasized the urgency of this program, especially given Florida's persistent property insurance challenges. She stated, "In the face of Florida’s ongoing property insurance crisis, we’re fighting to provide relief to low-income seniors from skyrocketing premiums." She highlighted the discrepancy between the booming state economy and the vulnerability of seniors in her district, parts of Broward County, who are at risk of losing their homes due to unaffordable property insurance.
So, Florida senior citizen homeowners, take note! There's a beacon of hope on the horizon, ensuring you can navigate the property insurance landscape with a little more ease. Let's stand together for affordable living and secure homes!