The Veritas Real Estate Group, Inc.

Citizens Property Insurance Corp. is the Florida state-owned-and-operated wind insurance company. In response to the rising cost of claims and premiums Citizens is now offering hazard insurance in addition to wind insurance.  The following statement was issued by the Florida Association of Realtors:

"On August 1, Citizens Property Insurance Corp. rolled out a new product: one policy that covers both windstorm damage and traditional multi-peril coverage. The two-for-one coverage is in response to a change in Florida law designed to make Citizens more profitable and less vulnerable to the risk of a catastrophic event. Scott Wallace, Citizens president, says policyholders who combine their plans could see annual premium savings of up to 10%. Citizens customers who have windstorm coverage through Citizens and multi-peril coverage from a private source may also take advantage of the new single policy. Existing Citizens clients who wish to change their policy should contact their insurance agent. Consumers seeking a Citizens agent in their area should go to http://www.citizensfla.com."