TALLAHASSEE — With private insurers dropping customers and raising rates, the state-backed Citizens Property Insurance Corp. saw its number of policies increase about 50 percent in 2022.
Citizens had 1,145,178 policies as of Dec. 30, up from 759,305 at the end of 2021, according to numbers posted Tuesday on the Citizens website. Citizens also added about 19,000 policies in December.
Citizens was created as an insurer of last resort and is something of a measuring stick for the health of the private insurance market. Citizens had 542,739 policies at the end of 2020 — meaning its policy count has more than doubled over the past two years.
Consumer law Office is a client-centric law firm that is committed to delivering excellent customer service. Our Property Damage Attorneys fight insurance companies on behalf of our residential and commercial policyholders, contractors, mitigation companies, and public adjusters, to get the relief they are entitled to. We have helped numerous home and business owners successfully recover the compensation they deserve. Best of all there are no upfront fees, and we only get paid when you get paid. Contact us today for a free consultation: 305-940-0924.Your insurance company has the resources to hire experts to protect their interests; your representation should be no different.
