Quote FL Insurance Blog

Citizens Property Insurance Corporation was created in 2002 when the state of Florida combined the Residential Property and Casualty Joint Underwriting Association and the Florida Windstorm Underwriting Association. This corporation provides insurance to Florida homeowners in high-risk areas and homeowners that cannot find insurance coverage from a private insurance company.

Citizens Property Insurance Corporation aims to protect Florida’s financial health by providing affordable insurance policies to homeowners that would otherwise pay high rates for the location of their homes. The company provides security to Floridians that are most in need of financial coverage in the event of natural disasters. Citizens Property Insurance Corporation also prides itself on its excellent customer service and claims efficiency.

Unlike their competitors, Citizens Property Insurance Corporation has a Policy Holder Declaration of Rights. This policy requires employees and members to provide customers with courteous and prompt customer service, fair prompt and professional claims services, prompt professional service from insurance agents and the right to know about all products and services.

Citizens Property Insurance Corporation offers policies for personal residential multi-peril, personal residential wind and hurricane, commercial residential multi-peril, commercial residential wind and hurricane and commercial non-residential wind and hurricane.

You can save money and receive discounts with Citizens Property Insurance Corporation on many different grounds. If your home has hurricane mitigation features, you can save 45% on your insurance rates when a licensed expert certifies the features. New homes that comply with Florida building code also receive a discounted rate for homeowners insurance.

Citizens Property Insurance Corporation also provides resources to consumers and their own policy owners to help them construct safer homes and protect their families. These resources can prove to be essential for Florida homeowners that are faced with countless natural disasters yearly.

Currently, Citizens Property Insurance Corporation has frozen rates until the year 2010. This is a welcomed provision to Florida homeowners that have seen their home insurance rates skyrocket in the past five years. The frozen rates are for commercial and personal policies. However, in 2009, homeowners that have property valued at over $2 million in a wind eligible area are no longer covered. Luckily, Citizens Property Insurance provides policyholders with 180 days notice if their policy will not be renewed when their policy expires. If at that time a homeowner still cannot obtain coverage from a private insurer, through sworn statements, then Citizens will insure them for an additional three years.

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