Citizens Insurance Urges 300,000 Policyholders to Switch to Private Carriers, But Premiums May Spike

Citizens Property Insurance policyholders getting letters asking them to switch to private carriers. 300,000 policies being switched out of 1.4 million total.
Letters offer chance to switch to private carrier, possibly at higher cost. If new rate is within 20% of Citizens' rate, no longer eligible for Citizens.
Insurance agent says premiums have skyrocketed - doubled or gone up 150% in some cases.
Viewers report receiving letters with much higher rate quotes from private insurers.
Customers have until Oct. 5 to respond to letter. Call agent for advice if letter not received.

news4jax.com

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Posted 9/21/2023, 9:33:39 PM