Citizens Property Insurance Corporation

Citizens Property Insurance Corporation is a state-run insurance provider in Florida that offers homeowners insurance to residents who cannot find coverage in the private market. It was created to ensure that Floridians have access to insurance, especially in areas prone to hurricanes and other natural disasters. Citizens is non-profit and acts as a "last resort" option for property owners, helping to stabilize the insurance market in Florida. However, it is designed to be used only when other options are unavailable, as it may have higher premiums and limited coverage compared to private insurers.