Florida legislators seek to raise home valuation cap to $1mn for Citizens eligibility
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Florida legislators seek to raise home valuation cap to $1mn for Citizens eligibility

Shelby Rosenberg
January 18, 2024
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Florida State Capitol in Tallahassee

A Florida Senate committee on Tuesday approved a bill that would allow residents with homes valued between $700,000 and $1mn to get coverage from Citizens, the state’s public insurer of last resort.

Currently, Citizens cannot sell policies for homes with a “dwelling replacement cost” of $700,000 or more, except in Miami-Dade and Monroe counties, where the limit is already $1mn.

Under

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Shelby Rosenberg
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