Consumers in South Florida are offered policies from private insurers, without the rates. Thousands of residents of South Florida that have their homeowners insurance coverage through Citizens have received a letter stating that unless they opt out, their policies would be taken over in November by a private insurer. Though these customers do see potential in the switch, the situation is making it difficult to make an informed decision. Those with Citizens Insurance – the state backed insurer of last resort in Florida – have heard that the company intends…
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