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Citizens Insurance will start dropping past-due policies on Aug. 15 (FL)

Florida’s state-run insurer of last resort says it’s time to pay up.  Citizens Property Insurance Corp. customers who have been unable to make their homeowner insurance payments because of a COVID-19-related hardship will have to come up with a way to fulfill their obligations or face cancellation after Aug. 15, the company said in letters sent to agents and customers this month.   Read the article…………………………

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Florida Condo & HOA News, https://communityassociations.net/category/fl_news/feed/, National Condo & HOA News

Rates posted assumes 25% down payment, and an ARM rate first mortgage on a Florida condotel, primary residence. Additional required amounts such as taxes, insurance, home owner association dues, assessments, flood insurance or other such required payments should also be considered. Not all individuals will qualify for a mortgage loan. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. **Posted APR is based on Mortgage Assumptions
 
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