Citizens insurance considers 13.5% rate hike for homeowners with most common policy

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The Citizens Property Insurance Corp. Board of Governors on Wednesday will consider a proposal that would lead to an average 13.5 percent rate increase in 2025 for Florida homeowners with the most-common type of policy and an average 14.2 percent increase for condominium-unit owners.Citizens released information Tuesday evening that said the proposal would lead to an average 14 percent increase for all “personal lines” policies, which include such things as homeowners, condo-unit owners, renters and mobile-home owners.

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