Who is not eligible for Fajua coverage?

The correct answer is that a nonresident owning property in Florida is not eligible for Fajua (Florida Affordable Housing Joint Underwriting Association) coverage. Fajua is designed primarily to provide insurance coverage to Florida residents who are in need of affordable homeowners insurance.

Typically, eligibility focuses on certain criteria that favor residents who have a more permanent stake in the property and its associated risks. Nonresidents, while they may own property, do not meet the residency requirement that Fajua uses to assess eligibility. This is because the program aims to protect those who are fully integrated into the community and its property market.

On the other hand, residents owning property in Florida are eligible because they live in the state and are directly impacted by the housing market and insurance needs. A foreign national on a tourist visa, while in a different category, can potentially be eligible if they own property in Florida, depending on other factors. Lastly, a tenant renting property in Florida is also not an owner, but Fajua coverage is specifically designed for property owners rather than renters; thus, their eligibility would depend on property ownership.