Citizens Property Insurance Corporation is Florida's state-created insurer of last resort. It's meant for homeowners who can't find comparable coverage in the private market, and its rules reflect that.
The 20% rule
In general, a home isn't eligible for Citizens if a private insurer offers comparable coverage at a premium no more than 20% higher than Citizens' premium. That's why we shop the private market first, and why Citizens policyholders may receive private offers through the state's clearinghouse and takeout programs.
The flood insurance requirement
Florida now requires Citizens policyholders to carry flood insurance, phased in by dwelling value. The requirement has already reached higher-value homes and applies to all Citizens personal residential policies beginning January 1, 2027. If you're with Citizens and don't have flood coverage, plan for it now; a flood policy can carry a 30-day waiting period.
When to leave Citizens
Ask us to re-shop before every renewal. A new roof, a wind mitigation report or impact windows can open private carriers that weren't available last year, often with broader coverage.
Confirm the current flood-requirement thresholds against Citizens' website before publishing.
This article is general information, not advice about your specific policy. Coverage, eligibility and discounts depend on your carrier's filed rates and policy language. Talk with a licensed agent about your situation.