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.
Commercial Residential Policies Only
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.