{"id":33091,"date":"2023-06-23T21:53:20","date_gmt":"2023-06-24T01:53:20","guid":{"rendered":"https:\/\/lakelandgazette.info\/news\/?p=33091"},"modified":"2023-06-23T21:53:27","modified_gmt":"2023-06-24T01:53:27","slug":"part-time-florida-residents-may-see-home-insurance-rates-double-by-citizens-insurance","status":"publish","type":"post","link":"https:\/\/lakelandgazette.info\/news\/2023\/06\/23\/part-time-florida-residents-may-see-home-insurance-rates-double-by-citizens-insurance\/","title":{"rendered":"Part-time Florida residents may see home insurance rates double by Citizens Insurance"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Another group of home insurance customers is expected to see a significant double-digit rate hike.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Part-time Florida residents are the latest to be singled out to pay more to insure their homes.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" src=\"https:\/\/lakelandgazette.info\/news\/wp-content\/uploads\/2023\/06\/citizens-prop-1-1.webp\" alt=\"\" class=\"wp-image-33092\" width=\"371\" height=\"212\"\/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\">Whether you live in a condo or a home, Citizens Insurance has asked to raise rates by 50% for seasonal residents.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">State Senator Jonathan Martin pointed out that former Governor Charlie Crist structured Citizens back in 2008 as a safety net.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Instead, Citizens has swelled to 1.3 million customers and that could be risky business if a major storm hits.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThe State of Florida taxpayers backstop Citizens. So I think it\u2019s important that we recognize who ultimately is going to pay for any shortcomings from Citizens,\u201d Martin stated.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company already asked for an average 13% hike on all other Citizens customers.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Lawmakers recently passed a bill that allows citizens to raise rates by 50% for those who live in Florida for less than nine months a year. Citizens will rely on agents like Reid McDaniel to decide who sees the hikes.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cWe do ask them, is this your primary residence?&nbsp; Obviously we can tell by the homestead exemption. If we don\u2019t catch it as agents then usually the insurance company will and say \u2018hey there is no&nbsp;homestead exemption here\u2019,\u201d McDaniel explained.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">State Representative Spencer Roach is touting an alternative plan.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cWhat California did is create this thing called the California Earthquake Authority,\u201d Roach noted.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Known as the CEA, it insures homes hit by earthquakes. Roach thinks Florida could learn from it.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cCan you imagine in Florida if we created the Florida Hurricane Authority which would handle every hurricane-related claim\u2026imagine how much stability that would bring to an insurer wanting to do business in the State of Florida,\u201d Roach said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The plan could potentially result in fewer rate hikes. If Citizens gets the approval, the rate hikes could take effect in November.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Another group of home insurance customers is expected to see a significant double-digit rate hike. Part-time Florida residents are the latest to be singled out to pay more to insure&hellip; <\/p>\n","protected":false},"author":2,"featured_media":33092,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"wpai_generated_summary":"","footnotes":"","jetpack_publicize_message":"{title}\n\n{excerpt}\n\n{url}","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"dois","default_image_id":71799,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[12,14],"tags":[5299],"class_list":["post-33091","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-local","category-news","tag-part-time-florida-residents-may-see-home-insurance-rates-double-by-citizens-insurance"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/posts\/33091","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/comments?post=33091"}],"version-history":[{"count":0,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/posts\/33091\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/media\/33092"}],"wp:attachment":[{"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/media?parent=33091"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/categories?post=33091"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/tags?post=33091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}