Citizens Property Insurance Flashcards
1
Q
Citizens Property Insurance
A
Formerly Florida Windstorm Underwriting Association (FWUA)
-Organization to offer coverage on properties in areas of Florida deemed especially susceptible to windstorm damages; windstorm and hail are the only perils provided coverage.
2
Q
Eligibility
A
All types of buildings and contents are eligible within the defined area
3
Q
Defined Area
A
In order to be a defined area, the local government must request such certification from the Department of Insurance. A hearing is then held to determine the need for windstorm and hail coverage.
