News & Updates


Citizens Coverage A Reductions Take Effect

Citizens Coverage A Reductions Take Effect

As required by a law passed in 2013, the maximum Coverage A amounts for Citizens Property Insurance Corporation’s personal residential coverage have been reduced again effective January 1, 2017.  The following new business and renewals for personal residential risks are no longer are eligible for coverage in Citizens:

  • A structure that has a dwelling replacement cost (Coverage A) of $700,000 or more;
  • A single condominium unit with a combined dwelling and contents replacement cost (Coverage A and C) of $700,000 or more; or
  • A tenant contents policy with a Coverage C limit of $700,000 or more.

The maximum coverage limit changes reflected above will not affect policy forms where lower maximum coverage limits already exist.

Also, the Florida Office of Insurance Regulation has determined there is not a reasonable degree of competition in Miami-Dade and Monroe counties.  Therefore, risks in those two counties are exempt from the reduction in eligible limits.  A maximum coverage limit of up to $1 million continues to apply in those counties.