In 2002, the Florida Legislature created Citizens Property Insurance Corporation (Citizens), a
not-for-profit alternative insurer, whose public purpose is to provide insurance to, and serve the needs of, property owners who cannot find coverage in the private insurance market.
The Florida Insurance industry moves towards 10k water caps starting with State-Run Citizens Property Insurance. Your policy will have a 10k water cap if you do not use their contractors!
According to the Sun-Sentinel article titled, “Citizens’ board approves coverage caps for customers who use outside contractors”
The article states, “State-run Citizens Property Insurance Corp. moved a step closer toward capping coverage for non-weather-related water damage repairs for customers who refuse to use the company’s handpicked contractors.
Its Board of Governors unanimously approved the company’s plan to impose a $10,000 limit on permanent repairs, including $3,000 for emergency repairs, unless policyholders agree to let Citizens send a member of its new managed repair contractor network to perform the work.”