Citizens is funded by policyholder premiums; however, Florida law also requires that Citizens levy assessments on most Florida policyholders if it experiences a deficit in the wake of a particularly devastating storm or series of storms.
Citizens operates according to statutory requirements established by the Florida Legislature and is governed by a Board of Governors. Efficiently provide property insurance protection in Florida to those who are, in good faith, entitled to obtain coverage through the private market but are unable to do so, while also providing levels of customer service that are comparable to the standards of the private market. As a government entity fulfilling a public purpose, Citizens aspires to provide insurance products and services that meet the needs of Florida property owners who are, in good faith, entitled to obtain coverage through the private market but are unable to do so.
We strive to reduce the financial burden on all Floridians by being good stewards of the premium funds entrusted to us. In all that we do, we conduct ourselves with the highest level of ethical behavior. Strategic Plan. Who We Are Recent News. Previous Banner. Next Banner. Site Map. Governance navigation Governance. Financials navigation Financials.
Reports navigation Reports. Business to Business navigation Business to Business. Careers navigation Careers. Web Content Display Global. Who We Are. About Us Who We Are. Asset Publisher. With such low premiums and high-risk properties, how does Citizens Property Insurance have enough in the pool to reimburse all the claims they must have?
When a private market insurance company has more claims than it expected, they pass that cost on to you at the time of your annual renewal. In some households, it might be impossible to comply. But not paying your insurance assessment is a lot like not paying your utility bill.
In a state with so many severe storms—hurricanes and summer thunderstorms alike—is Citizens Insurance really a savings? If no other insurance company will issue you a policy, Citizens is certainly better than having no coverage at all. Not sure where to turn? An independent insurance agent is your best choice when shopping for insurance. Because they work with multiple insurers, they have access to more options, so you can find the best coverage for your budget. If another agent told you that Citizens was your only option, you deserve a second look.
As a Harry Levine client, you can rest assured that you will never receive less-than-adequate coverage. We only offer policies that we know and trust. Call today or fill out our online quote form to get started. He has been with Harry Levine Insurance for 9 years and handles the leadership of daily operations.
0コメント