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Rate and Form Changes

The Florida Office of Insurance Regulation (OIR) approved changes to Citizens’ rates and forms. These changes reflect the projected savings due to the assignment of benefits reform announced June 19, 2019. The new rates apply to new and renewing personal residential policies with effective dates on or after December 1, 2019. The changes are outlined below.

Rate Changes

The rate changes vary by line, product type and territory. Individual rate changes are subject to a 10% cap, excluding coverage changes, mitigation adjustments, rate changes for Sinkhole Loss coverage, assessments and surcharges, and a required rapid cash build-up provision for the Florida Hurricane Catastrophe Fund, if applicable.

Personal Residential Multiperil (PR-M) Policy Types Overall Change
Homeowners 3 – Special Form (CIT HO-3) 2.2*
Homeowners 4 – Contents Broad Form (CIT HO-4) -9.1
Homeowners 6 – Unit-Owners Form (CIT HO-6) 8.2
Dwelling Property 1 – Basic Form (CIT DP-1) and Dwelling Property 3 – Special Form (CIT DP-3) 8.4*
Mobile Homeowners 3 – Special Form (CIT MHO-3) 0.8
Mobilehome Dwelling Property 1 – Basic Form (CIT MDP-1) 8.0

* Monroe County rates are frozen for HO-3, DP-1 and DP-3 risks.

Personal Residential Wind-Only (PR-W) Policy Types Overall Change
Homeowners 2 – Wind-Only Form (HW-2) 6.8*
Homeowners 4 – Contents Wind-Only Form (HW-4) 5.9
Homeowners 6 – Unit-Owners Wind-Only Form (HW-6) 8.4
Dwelling Property 2 – Wind-Only Form (DW-2) 5.5*
Mobile Homeowners 2 – Wind-Only Form (MW-2) 9.8
Mobile Home Dwelling Property 1 – Wind-Only Form (MD-1) 9.6

* Monroe County rates are frozen for HW-2 and DW-2 risks.

Form Changes

All Declarations have been updated to include Citizens’ suite number and nine-digit ZIP code.

Website Changes

For more information about rates, log in to the Agents site, go to the Personal section, and click on PR-M or PR-W on the left side of the page.

  • The Rate Changes by Territory chart is in the Spotlight section on the right side of the page.
  • Each policy form has a rating steps and factors manual, accessible from the Manuals section on the right side of the page.

Legal Disclaimer

Citizens provides agent communications online for historical purposes only, and the communications have not been updated to include any changes that may have been made after publication. Agents can find the latest information by reviewing the applicable underwriting manuals, and by logging in and accessing our FAQs, which are available from the top of any page on our website.