The Citizens Property Insurance Corp. Board of Governors on Wednesday will consider a proposal that would lead to an average 13.5 percent rate increase in 2025 for homeowners with the most common type of policy and an average 14.2 percent increase for condominium-unit owners.
Tag: Citizens Insurance
Florida Gov. Desantis’ Raises Alarm by Calling Citizens Insurance ‘Not-Solvent’ As an ‘Explosive’ Hurricane Season Is Predicted
In Florida, homeowners are grappling with insurance rates that are nearly three times the national average, a situation that has prompted concerns at both the state and federal levels.
Insurance Cancellations, Rate Hikes Force Florida Homeowners to Search for Options
Florida homeowners are scrambling for options as more insurance companies are raising rates and in some cases canceling policies. “You’re going to have to do a lot of leg work, and you really need to because you got to save yourself the money,” said homeowner Steve Eppley of Boynton Beach. Eppley said his homeowner’s insurance… Continue reading Insurance Cancellations, Rate Hikes Force Florida Homeowners to Search for Options