Citizens Property and Casualty is in the process of moving close to 300,000 policies to private insurers. Click Here for more from the Sun Sentinel.
If you are currently insured by Citizens you may receive, or may have already received, a notice that Citizens is transferring your policy to an admitted private insurer. The new company is prohibited from raising your premium more than 10% per year for the first three years and must offer comparable coverage. While, this sounds great, companies will almost certainly review your coverage and confirm you are receiving property wind mitigation discounts. This can often increase your premium substantially.
I always advocate finding coverage with another insurer other than Citizens. I would encourage consumers that receive this letter to take the time to explore your options, not just with the company that is taking over the policy, but with other companies. As an independent insurance agent, Boca Insurance Group represents a number of quality companies that are issuing new policies. As a tip, it is much easier to find coverage when it is not hurricane season or it is getting close to the close of hurricane season.
Call us today at 954-596-0691 or e-mail us at pat@bocainsgroup.com to learn how we can help you achieve BIG Insurance Savings!
As always, visit our website www.bocainsgroup.com for more information and tips.
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