Rate hikes approved for Citizens in 2010

Sign Up for the undefined Newsletter

Homeowners with policies from Citizens Property Insurance Corp. are in
line for premium hikes of up to 10 percent a year on average starting
in January 2010. A legislative task force approved the new rate plan on
Tuesday, though it still faces a vote in the legislature. Coastal
homeowners could face increases of more than 10 percent, but task force
members want a cap that would limit a specific homeowner’s rate hike to
20 percent in any given year.

Recommended For You