Homeowners insurance customers at Citizens to pay 6.3 percent more

homeowners insurance rates

A rate hike was just approved for the property coverage in Florida for the state backed insurer. Next year, homeowners insurance customers who remain with Citizens Property Insurance Corp. in Florida will see an average increase in their rates by 6.3 percent following the approval that was just received for the change. The Office of Insurance Regulation gave its approval of this rate, which was lower than the original request. The initial proposal for the homeowners insurance rate hike at Citizens had been 7.9 percent. The comparatively lower increase will…

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