Liability Insurance to fill the gap on Citizens' Personal Lines Insurance Policies
Excess personal liability coverage for your Florida Citizens Personal Lines Insurance Policy. Coastal Insurance Underwriters (CIU) is pleased to now offer a liability product which will provide coverage over the $100,000 limit on Citizens homeowners and renters policyholders. Citizens changed the limit on liability coverage for personal lines multiperil policies from $300,000 to $100,000, without offering a way to buy back the coverage. This change is effective May 1, 2012 for all new applicants and starting June 1, 2012 for customers with an existing policy.
Why is this important?
If you are a Citizens policyholder or applicant, you may want more than $100,000 in personal liability coverage, especially given today's litigious culture. Most homeowners’ policies provide at least $300,000 in coverage, with many including an option to increase the limit to $500,000. This is especially important to protect your assets and you may even want to secure more coverage through an umbrella policy. Unfortunately, many umbrella policies require at least $300,000 liability coverage on your homeowners policy.
Claim Examples
- Friend mistakenly walks into sliding glass doors, it shatters and she experiences severe lacerations to her face and body that require reconstructive surgery.
- A relative who is visiting for the weekend, falls down the flight of stairs and is critically injured.
- Your 10 year old son has neighborhood friends over to swim. Unfortunately, one child accidentally drowns in the pool.
What are my options?
CIU is pleased to offer you a cost effective and easy way to secure the additional liability coverage you were previously provided under your Citizens policy. We offer a $200,000 and $400,000 option to cover over the Citizens $100,000 limit. In most cases, the additional $200,000 coverage can be purchased for a premium of $100. The application process can be done fully online in less than a few minutes and you will be able to use your credit card, debit card, or e-check as a form of payment.
*Please note, CIU and the insurer providing this product are not affiliated with Citizens Property Insurance Corporation nor is the product sponsored or endorsed by Citizens. Subject to policy terms, definitions, conditions, limitations and exclusions.