Yes, there are some trade-offs to being insured by state-owned Citizens Property Insurance Corp.But despite them, there's little an argument that folks who rely on "the insurer of last resort" have been facing insurance rate hikes that rank among the lowest over the past two years.It's one reason, along with a growing reluctance by private-market insurers to continue insuring Florida homes, why the number of accounts covered by Citizens' has grown from 420,000 to 1.3 million since 2019.
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