The check is in the mail. That’s the word from the state-run company called Citizen’s Property Insurance, which began mailed out rebate checks Tuesday.
Citizen’s spokesman Rocky Scott says their customers won’t have to pay the rate hike that took effect on January 1 and people who already paid will be getting that money back.
“If your policy. If you renewed your policy in June of last year and you’re up for renewal this June, OK? What you’ll see is, on your policy, rate reduced or rate frozen at 12/31. So essentially, you’ll be paying the same rate that you paid last year. You won’t see a dollar reduction. You’ll simply see a notice that your January 1 rate is not being applied. If you renewed your policy in January 15 of this year, you’ll see a dollar check, a check that will come to you in the mail.”
The price cuts are the result of the insurance reform bill approved by the state legislature during last month’s special session.
Lawmakers also cancelled a second Citizens rate increase of 55 percent that was scheduled to take effect in April.