What happens if there’s no Citizens Property Insurance, the state-run insurer of last resort that has become the insurer of only resort for many South Floridians?
“If you get rid of Citizens, then everyone has to go to the private market,” said Erick Collazo, of Boca Raton. “And if the private market won’t write policies unless the premiums are much higher, then how is anybody going to afford that?”
Said Bill Andrews, of Hollywood: “I foresee a whole new foreclosure tsunami sweeping across Florida.”
via Mayo column: If there’s no Citizens Insurance for Floridians, then what?.