You may receive a notice from Citizens Property Insurance Corporation alerting you to the possibility that your policy may be assumed by another insurance carrier.  You, as the policyholder, have the option to stay with Citizens OR be assumed by the other insurance carrier.

We have been asked by our clients “What should I do?”.

In response to that question, we have compiled some information that we deem important for you to review in order for you to make an educated decision.

1. Coverage Comparison Chart

**Note that in most cases, the coverage is broader than it would be if you stayed with Citizens and Citizens has NO BUYBACK options for many important coverages like “Personal Liability” – it is limited to $100,000.**

American Integrity vs Citizens Comparison

Florida Peninsula vs Citizens Comparison

Heritage vs Citizens Comparison

Homeowners Choice vs Citizens Comparison

Southern Fidelity vs Citizens Comparison

Southern Oak vs Citizens Comparison

2. Demotech Rating

Incorporated in 1985, Demotech, Inc. is a financial analysis firm serving the Property & Casualty insurance industry. Their consultants are an experienced group of professionals who have deep knowledge of the indicators of financial stability, agency valuation, exit strategy, and mergers or acquisitions. They possess a unique combination of data, research and resources that can be applied to every engagement. To read more click here.

Click on the company name below to view their Demotech Rating.

American Integrity Insurance Company of Florida, Inc.

Florida Peninsula Insurance Company

Heritage Property & Casualty Insurance

Homeowners Choice Property & Casualty Insurance Company

Southern Fidelity Property & Casualty, Inc.

Southern Oak Insurance Company

3. What happens if the carrier goes out of business? 

The Florida Insurance Guaranty Association (FIGA), created by legislation, handles the claims of insolvent property and casualty insurance companies. Pursuant to the Florida Insurance Guaranty Association Act, they have a duty to settle claims in accordance with the Act, the policy and Florida insurance laws, in a timely manner. The Florida Insurance Guaranty Association follows the requirements of Florida insurance law in its handling of covered claims from insolvent property and casualty insurance companies ordered liquidated by a court of competent jurisdiction.

Read more about the FIGA on their website,

4. Is it true that I can be assessed up to 45% if a storm hits and I have a Citizens policy?


Click here for more details.

There have been some significant policy changes to your Citizens homeowners/dwelling fire policy.  We have noted some of them below but please review your policy documents you receive from Citizens for a full list of changes.

1. Citizens is no longer providing coverage for:

  • Aluminum carports
  • Screen enclosures
  • Patios and awnings
  • Tiki huts
  • Gazebos
  • Cabanas
  • Pergolas
  • Or similar structures

**If you currently have any of these structures and you renew(ed) with Citizens, this coverage will be/was  automatically terminated.  No buyback is available.

2. Citizens is lowering the maximum limit available for:

  • Personal Liability Coverage – reduced from $300,000 to $100,000.
  • Mold Coverage – reduced from $25,000 to $10,000.

3. Citizens is reducing Other Structures and Personal Property coverage:

  • Coverage B – Other Structures – is decreasing from 10% to 2% of Coverage A

For example, if you have your home insured for $200,000 (Coverage A) your coverage for other structures would decrease from $20,000 to $4,000.  Please contact us to buy back this coverage.

  • Coverage C – Personal Property – is decreasing from 50% to 25% of Coverage A

For example, if you have your home insured for $200,000 (Coverage A) your coverage for your personal property would decrease from $100,000 to $50,000.  Please contact us to buy back this coverage.

 4. If you currently have Sinkhole Loss Coverage, a mandatory 10% Sinkhole Loss deductible will be applied if you renew your policy.  No buy back is available.

**This is a just a partial list, all these coverage changes are significant.  We recommend you have your insurance with a non-Citizens carrier because of these coverage reductions/limitations.**