CITIZENS PROPERTY LINING UP PRIVATE CARRIERS FOR CLEARINGHOUSE .: News Service of Florida

Good news and bad news. Citizens Insurance, run by the state of Florida, wants to get out of the insurance business. Private insurers will be insuring properties again through this clearinghouse. Note that if the private rate is within 15% of the rate charged by Citizens, you will have to go with the private carrier. That rate is probably going to be 15% higher than Citizens, but you may have a choice of private companies. I am not optimistic. This may mean additional inspections, etc. By the way, my current annual premium with Citizens is $5,500 per year - with a full shutter system that to them is out-of-date and with a one gable roof that they say is more than 10 percent of the roof area.

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