Residential Insurers’ Market Share By County
Private insurers provide the bulk of property insurance in Florida – 77 percent. Citizens Property Insurance, the state-run company, provides only 23 percent of homeowners with insurance coverage. In fact, in 30 of Florida’s 67 counties, private insurers are insuring at least 90 percent of the homes. In coastal counties, however, the percentage drops, and coastal residents may have both a Citizens policy for their wind/hurricane insurance and a private insurance policy for all the other types of loss, such as a fire, tornado or water damage.