Citizens Insurance makes decision to raise Florida rates

Florida homeowners insurance, Citizens Property

The board has voted and decided on a statewide average increase of 10.2 percent. The Citizens Insurance board voted on Friday, July 27, 2012, and has decided to increase its rates across Florida by an average of 10.2 percent. This will boost insurance costs to homeowners by $250 million. Policyholders and consumer groups are enraged over the Citizens Insurance increases, as they are already being weighed down by the prices of higher deductibles, re-inspection costs, and reduced coverage. This vote is the latest step in the Citizens Insurance campaign to…

Read More