The Tuolumne County Association of Realtors has received a $50,000 grant to help homeowners with the cost of insurance.
To date, the association has awarded $3,250 in homeowners insurance assistance to families in Tuolumne County.
To qualify for assistance, a homebuyer must purchase a primary residence valued at no more than $500,000 in Tuolumne County and apply for the grant within 60 days of closing escrow. An application must be filled out and turned in along with close of escrow documents and a copy of their insurance policy. An application can be obtained from an real estate agent, or by contacting the association’s office at (209) 532-3432.
In 2018, the association launched a multi-county insurance survey, stated a news release. The survey gauged what current homeowners were experiencing. The data gathered was shared with Insurance Commissioner Ricardo Lara in a private meeting. While the commissioner assured the association he would help relieve the high costs and need for wrap-around policies, this has yet to come to fruition.
The association hopes to make the Homeowners Insurance Relief Program a perpetual one, and is seeking donations, which will be matched up to $5,000 by the Sonora Area Foundation.
For more information about the program, call (209) 532-3432.