Welcome to the Property Insurance Reform Toolkit!

Managing insurance issues can be challenging in today’s market, and FAR is pleased to offer suggestions and ideas to help you meet these challenges. Take advantage of the many innovative insurance reforms passed by the Legislature earlier this year, and feel free to share the following information with your customers and clients. It’s an easy way to add value to the outstanding service you provide as a Realtor every day. We also suggest you and your clients contact your insurance agent for additional money-saving tips and to ensure you have the right amount of insurance coverage.

Because of recent changes to Florida law you can:

• Reduce rates by excluding windstorm insurance coverage;
• Reduce rates by excluding personal contents coverage;
• Reduce rates by taking action to protect your property against windstorm and notifying your insurance company that you have installed opening protections (garage door, windows and doors) and strengthened the roof;
• Reduce rates by excluding sinkhole coverage; 
• Reduce rates by choosing a deductible that best fits your financial situation.  Insurers are required to offer, at the time of a policy’s renewal, many deductible alternatives. Find the right one for you; 
• Choose quarterly and semi-annual installment plans to pay your premium.