Citizens Insurance & the 20% Gotcha!
Under the new Florida law, if you receive an insurance premium offer from another insurance company that is less than 20% more than the renewal offer from Citizens, you will not be eligible to be insured by Citizens. For example, if Citizens renewal offer is a thousand dollars and another insurance company offers a premium for $1,100, you’ll be required to take the insurance from the other insurance company rather than Citizens. If you feel that you are unfairly non-renewed by citizens, check with your insurance agent or speak with an experienced insurance attorney.