Citizens Property Insurance Corp’s board of governors unanimously backed a proposal during Wednesday’s meeting that could result in double-digit rate hikes for policyholders. Many Florida Homeowners will see higher property insurance rates next year. The new rates would amount to an average 13.5% increase for homeowners covered by a “multi-peril” policy, which Citizens says is its most common. Condominium owners would see an average 14.2% increase if the new rates are approved by the Florida Office of Insurance Regulation. Read the article…………………………….
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