The Florida Office of Insurance Regulation has approved new requests by Citizens Property Insurance Corporation, Florida's insurer of last resort.
The non-profit insurer will now be able to limit coverage on non-weather claims to $10,000, unless the policyholder agrees to use Citizens' approved contractors in its new managed repair program. The company can also waive deductibles on these types of claims as a further incentive for policyholders to use the managed repair program.
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.
