A lot, according to an analysis developed by Citizens Property Insurance Corp.
The state-created insurance carrier was asked to draw up detailed numbers for Gov. Rick Scott and members of the Florida Cabinet that would spell out just how much more policyholders—those in and out of Citizens—would have to pay if a large hurricane strikes.
Those homeowners with Citizens' policies could find themselves paying $1,000 more in the first year following a 1-in-100 year storm. That's the amount that they would pay between increased charges on both their property insurance policy and other assessments that can be placed on other types of coverage, including auto insurance policies. Those not insured by Citizens could still wind up paying as much as $323 more in assessments.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
