How it Works
- Sample notices are available on the Depopulation Resources page.
- Commercial Nonresidential policies cannot choose to opt-out of an assumption. You either must accept the depopulation offer or rewrite coverage with another company.
- Opt-out forms are available on the Depopulation Resources page.
Additional information and resources, including sample letters and opt-out forms, are available on the Depopulation Resources page. You also can call Citizens’ Customer Care Center at 866.411.2742.
Be sure to consider the following information carefully when discussing the advantages of the offer with your agent.
Citizens policyholders can be required to pay an assessment if Citizens does not have the resources to pay claims following a major hurricane or series of storms. This assessment, which would be imposed only if Citizens incurs significant losses, could be significant. Private-market policyholders can be subject to paying a much lower assessment amount.
More comprehensive property insurance coverage may be available to you in the private market. Valuable coverage comparisons are available from the Office of Insurance Regulation.
Florida law requires that Citizens submit renewal policies to its Property Insurance Clearinghouse to determine whether private-market coverage is available. If the clearinghouse identifies a comparable private-market offer with a premium equal to or less than your Citizens premium, your Citizens policy will be nonrenewed. Rejecting a takeout offer will not exempt you from the clearinghouse.