This is good news, but it is not a some giant rate cut. Florida is ending a separate 1% FIGA emergency assessment early. Basically a surcharge tied to insurer insolvencies that helped pay bonds used for storm-related property claims and unearned premium refunds. Florida Realtors reported the change on March 4, 2026, and FIGA says new and renewal policies effective 10/1/26 and later should no longer reflect that line item, while policies renewing up through 9/30/26 can still carry it. FIGA also says these assessments are applied on a policy-year basis and to admitted policies only.
Why I follow this: Monthly payment drives decisions.
That is my lens: Macro for Direction, Micro for Moves.
Macro: This looks like a market stability signal. FIGA’s 2024 annual report says the All Other account had no 2024 insolvencies, FIGA received over $427 million in estate distributions in 2024, and no additional funding was needed in 2024. We will see what the reports for 2025 come in at…
Micro: For most households, this is real but modest. Think “tens of dollars” per year. This is not some giant monthly payment reset. If your insurance is escrowed, your mortgage payment will most likely update later when the lender runs your next escrow analysis.
How to use this:
-Check your policy type
-Renewal date
-Escrow statement.
Then ask your insurance broker: Is my policy admitted and when should this line item come off?
And one last reminder: Cheaper is NOT always better. Coverage, deductibles, exclusions, and carrier strength still matter. Make sure to shop that policy yearly.
Please SHARE with anyone who currently owns or looking to buy in Florida!
#floridainsurance #floridarealestate #homebuyertips #monthlypaymentmatters