Introduction
If you’re a Florida homeowner, there’s a good chance you’ve heard of Citizens Property Insurance Corporation — or maybe you’re even insured through them. What many don’t realize is that Citizens isn’t a typical insurance company. It’s a state-run, nonprofit insurer of last resort, created to provide coverage when private companies can’t or won’t.
But as Florida’s insurance market has tightened, Citizens’ policy count has grown to near-record levels — and that’s where the “depopulation program” comes into play.
Here’s what Citizens depopulation means, how it works, and what you should know if your policy is selected for takeout.
Continue reading “Understanding Citizens Insurance Depopulation: What It Means for Florida Homeowners”
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