Establishes the Emergency Residential Property Insurance Assistance Trust Fund to aid financially needy homeowners in Florida.

The bill creates the Emergency Residential Property Insurance Assistance Trust Fund within the Department of Financial Services. This fund aims to provide financial assistance to homeowners facing housing instability due to financial need or insurance rate increases. Eligible homeowners must have an annual household income not exceeding $250,000 before taxes. The fund is initially funded with $500 million from unallocated general revenue. The Department of Financial Services will administer the fund, which is set to terminate on July 1, 2030, unless otherwise decided.

Establishes the Emergency Residential Property Insurance Assistance Trust Fund to aid financially needy homeowners in Florida.

The bill creates the Emergency Residential Property Insurance Assistance Trust Fund within the Department of Financial Services. This fund aims to provide financial assistance to homeowners facing housing instability due to financial need or insurance rate increases. Eligible homeowners must have an annual household income not exceeding $250,000 before taxes. The fund is initially funded with $500 million from unallocated general revenue. The Department of Financial Services will administer the fund, which is set to terminate on July 1, 2030, unless otherwise decided.