Florida’s property insurance market is changing, and Pandora Insurance wants agents to know how the latest update brings new opportunities. Governor Ron DeSantis recently signed SB 1028 into law.
This expands Citizens Property Insurance Corporation’s clearinghouse programs and creates a new commercial lines clearinghouse, moving more condominium and commercial property policies into the private market. As Florida relies less on Citizens, more consumers will look at private-market options.
This means more opportunities for agents who can offer expert advice and personalized solutions. Some industry groups are concerned about affordability and keeping consumer choice.
Still, consumers need trusted advisors to help them understand their coverage options and make good decisions. This is a great chance for independent agents to stand out.
What does this mean for your business?
- You’ll have more chances to write commercial and condominium property policies.
- There will be more demand for your professional guidance as policies move from Citizens.
- You’ll have better access to private-market solutions through admitted and surplus lines carriers.
- This is also a chance to build stronger client relationships and show that you are the local insurance expert.
Pandora Insurance will monitor these changes and share updates to keep you ahead of the competition. As Florida’s insurance market changes, agents who stay informed and proactive will be ready to win new business and serve clients confidently.
We’ll share more updates as new details come out. If you have questions, call Pandora Insurance at 305-603-7603 to learn how we can work together to grow your business.