Linked is an article about the increases in premiums Citizens Property and Casualty has implemented. Citizens Rates Cause "Sticker Shock" It is important for potential home buyers to understand the insurance landscape in Florida. Citizens Property and Casualty is the state run insurance company. Citizens received a mandate from Governor Scott and the legislature to make premiums more actuarially sound and therefore rates are increasing in many areas.
Often times Citizens is the only company willing to write homes. Homeowners with older homes (built prior to 1995 depending on zip code) and homes east of 95 in Broward, Dade and Palm Beach counties are often left with Citizens as the only option. Boca Insurance Group has companies that are willing to insure older homes and homes east of 95 including homes that are ocean front.Call us today at 954-596-0691 or e-mail us at Pat@bocainsgroup.com to start to quote process.
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