Given the recent dissatisfaction and concern from residents regarding Citizens Property Insurance Corporation (Citizens), the Miami-Dade Board of County Commissioners passed a resolution today proposed by Commissioner Jose “Pepe” Diaz creating a Homeowners Insurance Task Force. The creation of this task force will assist in evaluating and recommending measures to improve issues relating to local property insurance programs, including recent unauthorized rate increases, unfair practices leading to the removal of credits, and other issues impacting the affordability of homeowners insurance for the residents of Miami-Dade County.
“Citizens” is the state-run corporation whose public purpose is to provide insurance protection to property owners throughout Florida. “Citizens” operates according to statutory requirements created by the Florida Legislature and a Plan of Operation approved by the Florida Financial Service.
The task force will be created to evaluate, explore and formulate recommendations on improvements to local property insurance programs, namely “Citizens”. The task force would be comprised of 15 members appointed by the Miami-Dade Mayor and the Board of County Commission, and a designee of the Property Appraiser.
“After Hurricane Andrew, residents in South Florida have experienced a scarcity in insurance companies willing to provide homeowners with property insurance policies” said Commissioner Jose “Pepe” Diaz. “The lack of options caused many residents to turn to Citizens, who instead of offering relief to our residents, have raised costs and a thorough review must be made to ensure our residents are treated fairly. During these strenuous economic times, we should help our residents receive relief, not increase insurance hikes.”
For more information, please contact Commissioner Diaz’s office at 305-599-1200.