homeowners insurance

Insurance
6:08 pm
Mon September 9, 2013

Citizens Approved For 6.3 Percent Hike On Homeowners

Credit Laura A. Ogden

Homeowners covered by Citizens Property Insurance Corp. will see an average rate increase of 6.3 percent next year.

The increase, approved Monday by the Office of Insurance Regulation, is down from a 7.9 percent hike requested on the combined personal-lines and coastal accounts. Citizens officials previously said a 7.9 percent increase wouldn't be enough to cover the projected costs for next year.

The increase doesn't include sinkhole coverage.

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Community Contributor
2:00 pm
Tue February 19, 2013

Citizens Insurance Rate Hikes Seem Like Bait And Switch To This Homeowner

Florida Gov. Rick Scott hasn't made specific proposals for insurance reform, but legislators are considering a bill that could increase Citizens rates dramatically.
Credit Photo by Creative Commons user MrX

As a very young man, I remember getting a phone call from mom (then a bank VP) telling me to get my butt out of the house and get some money in my account because I was about to be overdrawn.  The point is, I learned from a very young age to watch my expenses and know how much I could afford. When funding a home, for instance, it always makes sense to try to figure not only what your current payments will be but to also adjust for things getting more expensive—such as taxes and insurance.

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