The Real Deal Miami

Citizens to make condo rate cuts

September 02, 2008 01:39PM

Citizens Property Insurance Corp., which insures many of the condominium buildings in the state, is doubling the hurricane mitigation discounts for condo buildings with a replacement cost of $10 million or less, as policies renew on Sept. 1. The move is to comply with an order mandating the additional discounts for low- and mid-rise condo buildings that have roofs meeting the 2002 building code.