Assessment Calculator

How much could you be assessed for a major hurricane?

In Florida there are three entities that may levy assessments due to residential property insurance claims:

Florida Hurricane Catastrophe Fund,
Citizens Property Insurance Corporation (Citizens) and,
the Florida Insurance Guaranty Association.

Regular assessments for a single year and emergency assessments for one or more years are made as necessary to cure deficits and retire indebtedness. The calculator will provide you with the amounts you may expect to be assessed.

How to Use the Calculator

Select whether you are a Citizens policyholder, or whether your homeowners coverage is through a private carrier.
Input your annual premiums for homeowners coverage, automobile coverage, and business coverage (these three types of coverage are all assessable).
Click "Calculate."

Annual Premiums Citizens Policyholder? YesNo	1-in-25 Year Hurricane		1-in-50 Year Hurricane		1-in-100 Year Hurricane
	Total Assessment	Annual Payment for 30 Years	Total Assessment	Annual Payment for 30 Years	Total Assessment	Annual Payment for 30 Years
	TOTALS	$0	$0	$0	$0	$0	$0
Homeowners $	$0	$0	$0	$0	$0	$0
Auto $	$0	$0	$0	$0	$0	$0
Business $	$0	$0	$0	$0	$0	$0

DISCLAIMER: THIS ASSESSMENT CALCULATOR IS FOR GENERAL INFORMATION ONLY. IT ASSISTS CONSUMERS IN UNDERSTANDING THE POTENTIAL ASSESSMENTS A FLORIDA RESIDENT MAY BE SUBJECT TO IN THE EVENT OF A HURRICANE. These are estimates only, based on reasonable actuarial assumptions that are expressed in the attached actuarial report. Any change in the assumptions will affect the displayed assessments. The three levels of hurricanes used provide a range of potential assessments based on the severity of the hurricanes and the estimates of the losses that could occur. There is no requirement that assessments be spread over a 30-year period. Any assessment is in addition to the insurance premium charged for insurance coverage. While this calculator is offered to provide valuable information, it cannot determine any individual's actual assessment. The assumptions used in the methodology include the following:

Assessment percentages are based on a single hurricane event and do not consider possible assessments due to multiple hurricane events.
Average annual payment percentages assume financing is available for 30 years at a 10.0% annual interest rate to fund all assessments including substantially higher first-year assessments for larger storms. It is assumed that some of this financing may be done by the assessing entities and the balance may require financing by individual policyholders to be affordable.
Homeowners premiums exclude federal flood insurance. Business premiums exclude workers' compensation, federal flood, medical malpractice and miscellaneous other insurance premiums.
The Florida Hurricane Catastrophe Fund will be able to fund a 1 in 100 year hurricane up to its estimated maximum funding capacity of $17.664 billion from its cash reserves and post-event bonding.
Some Florida domestic insurers will fail if a 1 in 25, 1 in 50 or 1 in 100 year storm makes landfall in the Miami or Tampa area due to high concentrations of risk in these areas.
Hurricane losses have been estimated using weighted averages of all five hurricane models approved by the Florida Commission on Hurricane Loss Projection Methodology.
You are encouraged to review the report for more detailed explanations of how these projections were generated.