Talk of The Villages Florida - View Single Post - Question on how to eliminate flood insurance
Thread: Question on how to eliminate flood insurance
View Single Post
 
Old 05-19-2024, 11:44 AM
elevatorman elevatorman is offline
Gold member
Join Date: Oct 2008
Location: The Village Duval
Posts: 1,032
Thanks: 43
Thanked 201 Times in 104 Posts
Default Wait till the rest do this.
Don't live in a Flood zone? You may still be required to buy flood insurance if you have a homeowners policy from Citizens Property Insurance Corp. Citizens is the state-funded insurer of last resort. A recent state law requires anyone with a residential Citizens policy that includes wind coverage to buy flood insurance by the following deadlines:
Effective date
Which policies are affected
July 1, 2023
All existing Citizens policyholders living in a Special Flood Hazard Area.
Jan. 1, 2024
Homes with dwelling coverage of $600,000 or more.
Jan. 1, 2025
Homes with dwelling coverage of $500,000 or more.
Jan. 1, 2026
Homes with dwelling coverage of $400,000 or more.
Jan. 1, 2027
All other insured homes.