Citizens Property Insurance Corporation is intended to be the insurance of last resort for homeowners in the state of Florida. So, those who are unable to readily secure insurance or pay the exhorbitant rates of other companies rely on Citizens for coverage. However, since the insurance board did not approve Citizen's request for a high rate increase, the insurers now plan to dump thousands of policies and thereby leave homeowners in the hole. Even prior to this announcement, the company has been sticking it to policy holders expecially in S. Florida where premiums are the highest in the state although S. Florida has not seen a severe hurricane for some years in comparison to the Gulf Coast and other parts of Florida. Play fair Citizens!
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