Suddenly there’s a cluster of articles, formal complaints, and political hay about Citizens replacement cost (RCV) calculation methodology. There are four reasons for this:
1) Citizens is finally getting serious about making sure it’s policyholders are insured to value.
2) Way too many Citizens policyholders are underinsured.
3) Those who are underinsured want to continue to pay even less than their subsidized, rate-capped, Citizens policy should cost.
4) Those complaining and writing about it don’t have the vaguest idea of what they’re talking about.
Sound Familiar? [Read more…] about Citizens RCV…A Good Job!