Citizens Property Insurance Corp.’s Actuarial and Underwriting Committee on Wednesday shied away from reinstating some coverage options for customers who were phased out this year.
The committee decided to delay a recommendation to begin writing wind-only coverage for buildings under construction in Monroe County in the hope the private sector will be able to provide alternative coverage and out of fear the backtracking would lead to the reinstatement of builders’ risk coverage in the rest of the state.
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