Citizens Property Insurance Corporation recently made changes to their insurance policies that significantly impact water damage claims. Here are the 3 most important things you need to know about these changes:
1) When taking emergency measures to protect your property from further water damage, the cost may not exceed the greater of $3,000 or 1% of your coverage, unless approved by Citizens;
2) Citizens can deny reimbursement for permanent repairs that begin more than 72 hours after the loss is reported, unless approved by Citizens; and
3) Citizens will only cover the access required to repair/replace the portion of the system that caused the loss.
If you have any questions about these policy changes and how they may affect you, or you think you have a property damage claim, please contact us.
You can also read more about Citizens recent policy changes here: http://www.miamiherald.com/news/business/real-estate-news/article86914062.html