State Guide · 2026
Sell a Structured Settlement in Florida
Complete guide to selling structured settlement payments in Florida. 24 licensed buyers compete for your payments, with discount rates from 7.5% to 10.8%. Average court approval takes 25-45 days.
75%
of present value
10.8%
best: 7.5%
35d
25-45 days
24
competing nationally
Florida Structured Settlement Protection Act (2001)
Key Provisions
Must file in seller's county of residence
Seller must appear in court in person (2016 update)
Independent professional advice required
Workers comp settlements cannot be sold
Law updated in 2016 with enhanced protections
Filing Requirement
Must file in the county where the payee resides
Waiting Period
20 days minimum before court hearing
Cancellation Right
3 days after signing transfer agreement
Independent Advice
Required
Workers Comp
Prohibited
Selling a Structured Settlement in Florida: Specific Situations
Veterans
Military veterans with structured settlements from personal injury, military accidents, or tort claims. VA disability pa...
Florida Veterans GuideDisability
Individuals with disabilities who receive structured settlement payments and need to understand how selling affects bene...
Florida Disability GuideWorkers Comp
Workers compensation structured settlements have special restrictions in many states. Some states explicitly prohibit tr...
Florida Workers Comp GuideDivorce
During divorce proceedings, structured settlements are often classified as marital property subject to division. Underst...
Florida Divorce GuideBankruptcy
Structured settlements have significant protections in bankruptcy, but the rules vary by state and chapter. Understandin...
Florida Bankruptcy GuideInheritance
When a structured settlement recipient dies, remaining payments may pass to beneficiaries. Heirs face unique decisions a...
Florida Inheritance GuideMedical Debt
Rising medical costs are one of the most common reasons people sell structured settlements. Understanding the financial ...
Florida Medical Debt GuideMajor Cities in Florida
Structured settlement holders in these Florida cities have access to 24 competing buyers. Court approval processes may vary slightly by county, but Florida state law (2001 SSPA) governs all transfers.
Jacksonville, FL
Miami, FL
Tampa, FL
Orlando, FL
St. Petersburg, FL
How to Sell a Structured Settlement in Florida: Step-by-Step
Selling structured settlement payments in Florida requires court approval under the state's Structured Settlement Protection Act, enacted in 2001. The process typically takes 25-45 days from start to finish. Florida has 24 active buyers competing for your payments, which helps keep discount rates competitive.
Get Quotes From Multiple Florida Buyers
Contact at least 3-5 of the 24 buyers licensed in Florida. Each will offer a different discount rate, typically ranging from 7.5% to 13.8%. The difference on a $200,000 settlement can be $15,000-$30,000.
Sign a Transfer Agreement
The agreement outlines payment rights being transferred, your lump sum, and all fees. Florida law requires independent professional advice before this step. You have 3 days to cancel.
Court Filing & Approval in Florida
The buyer files a petition. After a 20 days waiting period, the court schedules a hearing. Florida requires in-person appearance. The judge evaluates whether the sale is in your best interest.
Receive Your Lump Sum
After approval, the insurance company redirects payments and the buyer wires your cash. Florida sellers typically receive 75% of present value — one of the best rates nationally.
Workers Comp Restriction
Florida prohibits transfer of structured settlement payments from workers' compensation claims. Only personal injury tort-based settlements can be sold.
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