Citizens is committed to helping its policyholders find coverage in the private market. As required by Florida law, Citizens' Depopulation Program matches Citizens policyholders with insurance companies interested in removing their policy from Citizens and providing private-market coverage for their policy. All companies assuming policies from Citizens have been approved by the Office of Insurance Regulation (OIR).
Citizens offers depopulation programs for personal and commercial lines. Additional information is available on the following pages:
The Depopulation Program works with private-market insurance companies interested in offering coverage to Citizens policyholders. Learn more about the program and how it operates in this Understanding Citizens' Depopulation Program video series.
Be sure to consider the following information carefully when discussing the advantages of the offer with your agent.
Assessments
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.
Depopulation Benefits 2
Coverage Worksheets
More comprehensive property insurance coverage may be available to you in the private market.
