At American US Insurance, we're committed to keeping Florida's communities informed about initiatives that can enhance safety and potentially reduce insurance costs. One such initiative is the My Safe Florida Condominium Pilot Program, launched in 2024 to assist condominium associations in fortifying their buildings against hurricanes.
What Is the My Safe Florida Condominium Pilot Program?
The My Safe Florida Condominium Pilot Program was established by the Florida Legislature in 2024 to provide eligible condominium associations with resources to strengthen their properties against hurricane winds. The program offers:
-
Free Inspections: Licensed inspectors assess the building's hurricane readiness.
-
Grant Funding: Financial assistance for approved wind mitigation improvements.
The goal is to enhance safety and reduce insurance costs for condo associations within 15 miles of Florida's coastline.
Eligibility Criteria
To participate:
-
Location: The Condo must be within 15 miles of the coastline.
-
Association Approval: Majority board approval is required. For improvements to individual units, unanimous consent from unit owners is necessary.
-
Building Specifications: Applies to buildings with at least three stories and one residential unit.
It's important to note that individual unit owners cannot apply independently; applications must be submitted by the condominium association.
Grant Details
Associations can receive up to $175,000 in matching grants for:
-
Roofing Projects: Up to $11 per square foot, not exceeding $1,000 per unit.
-
Window and Door Replacements: Up to $750 per window or door, with a maximum of $1,500 per unit.
-
Structural Enhancements: Reinforcing roof-to-wall connections and improving roof-deck attachments.
-
Secondary Water Resistance: Adding layers to prevent water intrusion during storms.
These improvements aim to bolster the building's structural integrity against hurricane-force winds.
Application Process
-
Initial Inspection: Request a free assessment to identify necessary improvements.
-
Grant Application: Based on inspection findings, apply for funding.
-
Final Inspection: Ensure completed work meets program standards.
-
Reimbursement: Submit documentation to receive grant funds.
Note: Construction should not commence until the grant application is approved to maintain eligibility.
Useful Links for Further Information
-
Condo Insurance Coverage in Florida: Understand the specifics of condo insurance policies.
-
Hurricane Preparedness Tips: Learn how to prepare your property for hurricane season.
-
Contact American US Insurance: Get in touch with our agents for personalized assistance.
FAQs
Q: Can individual condo owners apply for the program?
A: No, only condominium associations are eligible to apply.
Q: What types of improvements are covered?
A: The program covers roofing projects, window and door replacements, and structural enhancements to improve hurricane resilience.
Q: Is there a deadline to apply?
A: As of November 2024, the program has reached its initial funding capacity. Associations can sign up for updates on future funding opportunities.
Conclusion
The My Safe Florida Condominium Pilot Program offers a valuable opportunity for condo associations to enhance building safety and potentially reduce insurance premiums. By participating, associations take proactive steps to protect residents and property from hurricane damage.
At American US Insurance, we're committed to helping Florida communities navigate insurance options and stay informed about programs like this. Contact us to learn more about how we can assist your association in securing the best coverage and taking advantage of available resources.