In Florida there are three entities that may levy assessments due to residential
property insurance claims:
- Florida Hurricane Catastrophe Fund (FHCF),
- Citizens Property Insurance Corporation (Citizens) and,
- The Florida Insurance Guaranty Association (FIGA).
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 your home, auto and
business insurance bills (premiums) to be assessed by Citizens and the FHCF.
Additionally, FIGA may assess your home and business premiums, but not your auto
insurance premiums, up to 4.0% per year for as many years as necessary to fund
losses due to residential property insurance companies going out of business.