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Citizens may increase homeowners insurance policy rates

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Written on:April 27, 2012
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homeowners insurance

Citizens is debating whether or not to increase the rates for new homeowners insurance policies. Consumers, in Florida, taking out new homeowners insurance policies at Citizens may discover that they are being charged higher initial rates than existing policyholders with that insurer. The result of a proposal being debated by the governing board at Citizens Property Insurance Corp. could mean that individuals taking out a policy from the state-backed coverage pool…

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