Flood Insurance to Raise Rates for Some Clients

As with most times Florida get bruised and battered by a storm, Insurance companies look at new ways to reduce their obligations the next time a major storm or hurricane causes damage.

Citizens Insurance, for example, will be making a big change that will be rolled out over the next several years. Homeowners with state-run insurance must also have NFIP flood insurance to be covered for damage caused by hurricane force winds.

Read more: https://www.floridarealtors.org/news-media/news-articles/2023/03/flood-ins-raise-rates-some-citizens-clients

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