We’re excited about being a part of the Clearinghouse … here are some reasons homeowners are glad, too!

  • Citizens policyholders often have more restrictive coverage and fewer options than those insured by private companies.
  • Citizens policyholders can be required to pay much higher assessments if a major storm leaves Citizens unable to pay claims.
  • Buying a policy from Citizens when comparable private-market coverage is available increases Citizens’ potential claims exposure, as well as the assessment risk for all Floridians. In addition to property insurance policies, these assessments also are levied on specialty policies such as auto, boat and pet insurance.
  • Homeowners will have expanded access to private-market companies that may offer more personalized and comprehensive coverage options than are available through Citizens.
  • Homeowners who find coverage in the private market will face a much lower assessment risk than Citizens policyholders.
  • All Floridians will benefit from Citizens’ significantly decreased exposure and reduced assessment risk.

Property Insurance Clearinghouse FAQs for Consumers


No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.