Citizens Insurance backs double-digit rate increases for 2025

Описание к видео Citizens Insurance backs double-digit rate increases for 2025

While saying Florida’s insurance market is improving, the Citizens Property Insurance Corp. Board of Governors on Wednesday backed a proposal that would lead to customers across the state seeing double-digit rate increases in 2025.

The proposal, in part, would lead to an average 13.5 percent rate increase for the most-common type of Citizens policy, known as homeowners’ “multi-peril” coverage. Condominium-unit owners would see an average 14.2 percent increase.

Read more: https://www.wtsp.com/article/news/reg...

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