The Property Insurance Clearinghouse is an innovative program that explores private market insurance coverage for consumers who believe Citizens may be their only insurance option.

The clearinghouse program:

• May include more personalized and comprehensive coverage options than what is available through Citizens
• Compares private-market offers that may cost less than comparable coverage from Citizens
• Gives customers who receive private-market offers the opportunity to reduce their assessment risks in comparison to Citizens policyholders

The clearinghouse program helps agents establish eligibility prior to placing or renewing a policy with Citizens. Agents should submit applications and quick quotes directly to PolicyCenter®.

To comply with the clearinghouse program required by Florida law, agents should use one of the following to determine if the new-business risk is eligible for coverage with a private market insurer:

• A comparative rater
• Quotes or declination of coverage received directly from private market carriers

Eligible

The applicant is eligible for a Citizens policy if one of the following criteria is met:

• No private market insurer is willing to offer coverage at its approved rates.
• The premium for coverage offered by private-market insurers is more than 20% higher than the premium for comparable coverage from Citizens.

Ineligible

The applicant is ineligible for a Citizens policy if:

• The premium for coverage offered by a private market insurer is not more than 20% higher than the premium for comparable coverage from Citizens

A copy of the rate comparison or private carrier’s quote and/or declination of coverage must be submitted with the application. Use the Quick Quote functionality to create a comparable quote.

Additional Resources

The following public services can help consumers and agents identify available private market coverage:

• Florida Market Assistance Plan (FMAP)
• Florida Office of Insurance Regulation's CHOICES Rate Comparison Tool