Citizens Property Insurance Company has prepared a brochure that contains information that may be helpful to Florida residents. Citizens is the largest insurer of homes in our state and recent legislation has expanded its market sector greatly. Older homes and many mobile homes have no other alternative than to get their coverage from Citizens.
To download a copy of their brochure in PDF format, click on the following link: Download MitigationBrochure.pdf
Almost daily I hear of conventional insurance companies again asking for double digit increases in their premiums. I wonder what ever became of the insurance reforms of January 2007 that were supposed to reduce our costs. Looks like the companies are using the new laws to make more money for themselves rather than save us some dough. They are screaming about their hurrican liabilities when no storm is even on the horizon and we have not been battered in several years. Oh well, did we really expect the government to fix the problem??? Does not give me much faith that the property tax reform will fare any better. Time will tell. And I am not sure I want to hear that story.
John Elwell - REALTOR
Bill Nye Realty, Inc.
Licensed in Florida