The board of the state run Citizens Property Insurance Corp. voted to raise rates by a statewide average of 7% next year, adding $178 million in new insurance costs for policyholders.Most property owners will face a 10.7% hike. That would translate to an average premium increase of as much as $300 or $400 a year.
Residents in Miami-Dade and Monroe Counties will have a chance to sound off to Citizens Insurance Representatives on Wednesday, July 16th at the South Dade Government Center located 10710 SW 211 Street Conference Room 104. The meeting will run from 6:00PM-7:30PM.
All issues raised by the residents will be addressed from upcoming rate increases to the Depopulation efforts.
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