Property owners covered by Citizen’s Property Insurance may have a cheaper option that they are not aware of.
Citizens Insurance has been the focus of a lot of criticism over the last few years from state leaders and taxpayers. Now, an exclusive CBS4 Investigation has discovered that hundreds of thousands of policy holders may have been overcharged by Citizens.
As residents of New York and New Jersey struggle to recover from Hurricane Sandy’s deadly trip through the Northeast, it may be a while before the total dollar loss is known.
Calling it an unfair trade practice, state insurance consumer advocate Robin Smith Westcott wants an investigation to the practice of insurance companies canceling homeowner’s policies or denying claims based on their credit information.
As residents in the northeast U.S. begin to assess the damage left by Hurricane Sandy, early estimates are putting the costs at upwards of $20 billion.
Thousand of South Florida homeowners insured by the state-run Citizens’ Property Insurance have gotten a letter from them recently that said they’re coverage had been chosen to be transferred to a private company if they fail to send in a form on time giving them the choice of opting out of the transfer and keeping their existing coverage.
Thousand of South Florida homeowners insured by the state-run Citizens’ Property Insurance have gotten a letter from them recently that said they’ve been dropped because they didn’t send in a form or time or encouraging them to go with insurance company that they’ve never heard of.
Be prepared to get new property insurance if you currently have Citizens Property Insurance.
If you have Citizens Property Insurance, you might be getting a new insurer in the near future.
itizens Property Insurance Corp would offer $300 million in loans to encourage private companies to take policies out of the state-backed insurer under a plan unveiled Thursday that backers say could reduce Citizens’ non-coastal ranks by a third.