Citizens Insurance withdraws discounts for damage prevention

Florida Homeowners Insurance

Home inspections for hurricane proofing efforts have led to several revoked premiums decreases. Citizens Insurance has been visiting homes throughout Florida that have received a discount on their premiums based on their hurricane proofing efforts, and has revoked the price advantage for many whose preventative techniques are inadequate or nonexistent. This has put the insurer under a great deal of fire. Almost three quarters of the 225,502 homeowners who are covered by Citizens Insurance and that underwent the inspections have seen price increases based on the reports of the inspectors.…

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