Jeremy Seghers didn’t have much of a choice about moving his home insurance to the state-run insurer of last resort, Citizens Property Insurance. His broker explained it was the only policy he could get after his previous company, Southern Fidelity Insurance, was liquidated by the state last year.
“They told me, ‘Citizens is it. It’s all we got,’” the Orlando theater director said, saying the change wound up adding a few dollars to his premium.
Once the option mostly for vulnerable properties on the coasts, Citizens is writing an exploding number of policies within inland Central Florida, and experts expect the trend to accelerate for the foreseeable future.
