Tampa Real Estate Market View 7/9/2009 – Citizens Home Rate Increase 2010

Well it looks like those of us with Citizens Property Insurance in the South Florida area might see up to a 10% increase in rates, while at the same time those individuals in other counties might actually see a decrease.

Citizens Insurance Board approved on a 5 to 3 vote a 10% increase in rates for many of its customers.  While Citizens has kept rates frozen over the last three year, they were allowed by the Florida legislature to increase rates up to a cap of 10% in 2010.