Quote:
Originally Posted by Rainger99
This is a link to Citizens Property Insurance Corporation website. It explains in great detail how they will pay for claims if their reserves are not sufficient to pay claims.
Bottom line is that we all will pay for it but if you are insured with Citizens you will pay significantly more than if you are insured with a private company.
Brochures - Public - Citizens Property Insurance Corporation |
Yes. My niece has to pay the price for Citizens because no private insurer will insure the home because it is in a sink hole area. (Yes, insurance companies check maps for everything)
She is staying in the home because she bought it when mortgage rates were at their lowest. Her payments are dirt cheap. But, now with insurance changes that is gonna change. Can"t win for losing! Thanks for the info.