Citizens discontinues new CR Multiperil policies in Wind Pool zones
Effective July 1, 2014, Citizens may not offer new commercial residential multiperil insurance policies in the coastal account. Instead, Citizens will continue to offer commercial residential wind-only policies and separate commercial residential policies that exclude wind. Citizens may continue renewing commercial residential multi-peril policies within the coastal account that is insured by Citizens on June 30, 2014.
Ref: Commercial Residential Insurance in the Coastal Account (Section 3, amends s. 627.351(6)(b)2.a.(III), F.S.)