FAR - News & Events - Citizens’ proposal would cut rates

Tired of the sky-rocketing insurance rates? Well, help may be on the way. Citizens Insurance has made a proposal to the state Senate Banking and Insurance Committee to push large private insurance companies out of the lucrative coastal marketplace unless they provide windstorm insurance as well.

The plan could lower rates as much as 35 percent. That would be welcome relief to current homeowners, not to mention, our real estate market that is still suffering from sticker-shocked buyer syndrome.

As well, Collier County has it's own chapter of FAIR, Fight Against Insurance Rates, that is about 700 members and growing. FAIR in Monroe County(Florida Keys) was able to get their insurance rates reduced by over 30%.