Citizens home value calculator

Citizens home value calculator

As you can see from this Sun sentinel article, Citizens Insurance is going to start a program to review the value they are insuring your home for.  Some people feel that they are basing the coverage value of the homes to high.  This should be the actual cost to rebuild the home as it is today.  This is not the sale price of the home.  This is often misunderstood since many of the homes have gone down in value.  Just because there are worth less on the sales market does not mean that they replacement cost of the home has gone down as much.  If the replacement cost is lowered this would cause the homeowner premium to also go down.  If this is true Citizens will see a decrease in the amount they are actually responsible for which will help the problem Citizens is in.  Citizens Insurance does not have enough money on hand to pay for all the losses in the case of a large single storm.  The lowering of the replacement cost will help but only if the amounts they are lowered to are truly the correct amounts.

We don’t want anyone to pay more than they should.   The homeowner needs to be honest with the amount of coverage they need and the insurance company should have enough money on hand to pay for any losses.  There are rules in place to insure  insurance companies can hold up their end of the contract.  It is too bad Citizens does not have to follow the same rules other insurance companies have to.  We encourage you to find an independent insurance agent.  They have many companies for your to choose from  giving you options.  They can explain the differences between the difference between the companies and why one may be better than another for you.  There is a best fit but there is not a best fit for all.

www.fastcheapquotes.com is designed to connect  you with an agent which can help.  We can give you some ball park pricing on line that our agents can then further take and firm up.  Give us a try we are sure you will be happy.