Citizens Property Insurance board approves 14% price increase for policyholders
Read full article: Citizens Property Insurance board approves 14% price increase for policyholdersIn a unanimous vote Wednesday morning, the Citizens Board of Governors approved a 14% price hike for policyholders -- covering single family homes, condominiums, mobile homes and rental properties.
TELL US: Are you one of the many Floridians self-insuring your home because of the rising cost of insurance?
Read full article: TELL US: Are you one of the many Floridians self-insuring your home because of the rising cost of insurance?A recent survey by the Insurance Information Institute shows an alarming trend that 15% to 20% of Florida homeowners are scrapping coverage and self-insuring their homes.
Citizens Property Insurance policyholders get letters in the mail asking them to switch
Read full article: Citizens Property Insurance policyholders get letters in the mail asking them to switchCitizens property insurance policyholders are getting letters in the mail asking them to switch to private insurance companies. The state-backed "insurer of last resort" is switching 300,000 policies.
TELL US: Have you experienced an increase in your property insurance rates, or has your insurance company dropped you altogether?
Read full article: TELL US: Have you experienced an increase in your property insurance rates, or has your insurance company dropped you altogether?It’s no secret that Florida is in the middle of a property insurance crisis. In fact, Florida lawmakers are working on solutions, including hiring a consultant.