Fla. Citizens cuts back coverage

by R.J. Lehmann on November 8, 2011

Florida’s Citizens Property Insurance Corp. is cutting off coverage for external structures on an insured’s property, including screened porches, carports, poolhouses, patios, tiki huts and gazebos, according to a report in Insurance Journal.

Citing a message from Citizens to its agents, IJ also reported the state-run property insurer will cap coverage for cosmetic damages to floors that cover less than 5% of property’s total square footage at $10,000. The changes would take effect Jan. 1.

The insurer also is considering suspending coverage for builder’s risk and a variety of liability coverages, IJ reported.

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