Citizens Property Insurance Corporation 2023: A Comprehensive Guide

Are you tired of skyrocketing insurance premiums and limited coverage? Discover the ultimate solution for Florida homeowners: Citizens Property Insurance Corporation (Citizens).

Citizens 5-Star Financial Stability Rating With over 1 million policies in force, Citizens is the largest property insurer in Florida. Their unwavering commitment to providing secure and affordable insurance has earned them a 5-Star Financial Stability Rating from Demotech, Inc.

**Citizens 2022 Financial Highlights** Annual Premiums: $11.5 billion Net Income: $1.2 billion Policyholder Surplus: $10.1 billion Catastrophic Reserve Trust Fund: $5.9 billion ### Secure Coverage for Your Home Citizens offers comprehensive insurance policies tailored to Florida homeowners' unique needs:

0% Deductible:** Protect your home from potential disasters without paying a deductible out of your pocket.

Replacement Cost Coverage:** We ensure that your home is fully rebuilt or replaced in case of a covered loss, regardless of current market value.

Wind Mitigation Credits:** Save on premiums by installing wind-resistant features such as impact-resistant windows and hurricane-rated roofs.

### Affordable Premiums that Won't Break the Bank Citizens understands the financial burden homeowners face. That's why they strive to keep premiums affordable while maintaining robust coverage:

Policyholder Dividends:** Receive a portion of Citizens' profits back as a dividend, reducing your insurance costs further.

Payment Plans:** Choose a payment plan that suits your budget, including monthly, quarterly, and annual options.

Hurricane Deductible:** Use the hurricane deductible option to lower your premiums with deductibles ranging from 2% to 10% of your coverage amount.

### Personalized Service with a Local Touch Citizens is committed to providing exceptional service to every policyholder:

24/7 Customer Support:** Dedicated representatives available around the clock to assist with claims and policy questions.

Local Agents:** Connect with licensed agents in your community for personalized guidance and tailored coverage.

Claims Adjusters:** Experienced professionals handle claims quickly and efficiently, ensuring a smooth recovery process.

### Frequently Asked Questions (FAQs) 1. **What is Citizens Property Insurance Corporation?** Citizens is a not-for-profit, state-created insurer providing affordable and secure property insurance to Florida homeowners. 2. **How do I know if I'm eligible for Citizens insurance?** You may be eligible if you are a Florida homeowner and: - Your current insurance company is not renewing your policy - You have been unable to obtain insurance from other insurers - You are in a high-risk area or have a home with special construction features 3. **How do I apply for Citizens insurance?** You can apply online, over the phone, or through a local agent. Visit Citizens' website or call their toll-free number for more information. 4. **What are Citizens' premium rates?** Premium rates vary based on factors such as your home's location, coverage amount, and risk profile. Use Citizens' online rate calculator for an estimate. 5. **Does Citizens offer discounts?** Yes, Citizens offers discounts for wind mitigation features, hurricane deductibles, and policyholder dividends. 6. **How do I file a claim with Citizens?** You can file a claim online, over the phone, or through a local agent. Citizens has a dedicated team of adjusters to handle claims promptly and efficiently. 7. **What should I do if I have a dispute with Citizens?** Citizens has a comprehensive dispute resolution process. You can request a review of your claim or coverage decision and escalate the issue if necessary. 8. **How can I contact Citizens?** Visit Citizens' website or call toll-free: (866) 411-2373. You can also find local agent information on their website.