Citizens Insurance Drops Wind Coverage for Homes Over $400k Without Flood Insurance
Key Questions
What change is Citizens Property Insurance making to wind coverage?
Florida's state-backed Citizens will drop wind coverage on any home insured above $400,000 that does not carry federal flood insurance, effective as hurricane season begins June 1.
How could this policy affect Port St. Lucie homeowners?
With the local median home price at $403,876, many residents with Citizens policies above the $400,000 threshold could lose wind coverage if they lack flood insurance.
Is data available on how many local policyholders are impacted?
There is currently a lack of public data on the exact number of affected policyholders in Port St. Lucie, raising concerns about preparedness ahead of hurricane season.
Hurricane season starts June 1. Florida's state-backed Citizens Property Insurance will drop wind coverage on any home insured above $400,000 that does not carry federal flood insurance. With Port St. Lucie's median home price at $403,876, many local homeowners could be affected. The lack of public data on how many policyholders are impacted is concerning.