The My Safe Florida Home program includes matching grants up to $10,000 to help pay for such things as reinforcing roof-to-wall connections, upgrading roof coverings and upgrading doors and windows, according to the program's website.
The company said the move will affect only Farmers-branded policies and will not affect policies sold in Florida by subsidiaries Foremost and Bristol West.
The bill would allow people to remain on their property as they rebuild, require quicker approval of building permits and set a time frame for removing damaged boats.
Assignment of benefits, which involves policyholders signing over insurance claims to contractors, has been highly controversial in recent years, particularly involving water-damage claims.
Insurers could demand car windshields be checked for damage before they are replaced under a Senate proposal that started moving forward to combat reported increasing cases of repair-shop fraud.
A House Republican is driving forward with plans to replace the state's "no-fault" auto insurance coverage, two years after lawmakers passed reforms to try to rid the system of fraud.