Broward County

Citizens to stop insuring homes over $700K in Broward, Palm Beach as of Jan. 1

After reducing its policy count by more than two-thirds over the past four years, state-run Citizens Property Insurance Corp. continued to shed its risk load by securing approval this week to drop 1,752 high-priced homes after their policies expire next year.

As of Jan. 1, homes with insurable values between $700,000 and $799,999 will no longer be eligible for coverage through Citizens. In Broward County, 324 homes will become ineligible for Citizens coverage. In Palm Beach County, 362 will become ineligible.

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