Chapter 6:

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What is Citizens Insurance?

The Citizens Property Insurance Corporation was created by the Florida State Legislature in 2002, in order to provide property insurance for homeowners who could not obtain insurance elsewhere. It is a government-owned, not for profit, insurer of last resort.

As an insurer of last resort, Citizens was not created to become Florida’s largest insurer, but since its creation, it unfortunately has. Efforts are currently underway to downsize Citizens and get it away from being the “go to” company for many agents and get it back to its original intentions.

That being said, Citizens should not really be considered as a viable option for your homeowner’s insurance unless you honestly cannot obtain insurance elsewhere, or if Citizens is at least 15% less expensive than what you can find through another insurance company, or if authorized insurers are just not willing to write the risk.

Most insurance professionals in Florida only use Citizens only when there are no other options available. Agents will typically work diligently to keep you out of Citizens and present you with other options that most often offer more coverage and competitive pricing. If an agent is pushing Citizens on you as your best option, you should do more research and make sure that is truly your best, and only, option.

Keep in mind that if you are insured through Citizens, your policy typically does not include important coverages you will get with other companies. Do your research to see what Citizens does not cover and find out before you agree to their policy. What you don’t know now, can and unfortunately probably will, cost you later.

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Information contained within this site is the property of Hoffman and Associates Insurance Company and is provided for consumers looking to purchase insurance. Any other use is prohibited. We are not responsible for errors and omissions on this web site. All information contained herein should be deemed reliable but not guaranteed, all representations are approximate, and individual verification is required. Please contact Hoffman Insurance Company at 321-751-2511 before making any purchase decisions based on information contained on this web site to check for validity. This content is copyrighted by Hoffman and Associates Insurance Company and will bring legal action on to anyone who copies the information contained here. PLEASE NOTE THAT COMPLETION OF A REQUEST FOR INFORMATION DOES NOT CONSTITUTE THE PURCHASE OF INSURANCE. NO COVERAGE MAY BE ADDED, CHANGED OR BOUND AS A RESULT OF SUBMITTING A REQUEST FOR INFORMATION. ALL COVERAGE MUST BE CONFIRMED BY THE AGENCY IN WRITING SUBJECT TO AN ACCEPTABLE SIG NED APPLICATION MEETING THE UNDERWRITING GUIDELINES OF THE INSURANCE COMPANY. Please read your policy carefully for your terms of coverage. No information in this website alters the terms of coverage in your individual policy. If you do not agree to these terms please exit this website

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