Citizens Insurance Sheds 180,000 Policies in Southeast Florida

What This Means for Florida Home Sellers

For years, Citizens has been the fallback insurer for Florida homeowners private companies wouldn't touch: high wind exposure, older roofs, flood risk near the coast. When Citizens sheds 180,000 policies in one region, it means private insurers looked at those homes again and decided to take the risk back. That's good news in the abstract. But it doesn't erase the underlying problem for sellers. A buyer who needs a mortgage still needs an active, bindable homeowners policy before their lender will close. If your home's coverage lapsed, got non-renewed, or still sits with Citizens under terms a private insurer won't match, that's a live variable in your sale. Your buyer's lender will ask about it before releasing funds.

Does This Change Anything If You're Selling in Boca Raton, West Palm Beach, Boynton Beach, or Greenacres?

The 180,000-policy shift covers all of Southeast Florida, not just Palm Beach County. Don't read it as a green light for every ZIP code. Coastal and near-coastal markets like Boca Raton and West Palm Beach still carry heavier wind and flood exposure than inland spots like Greenacres or Boynton Beach, and private insurers price that risk differently block by block. A buyer's lender in any of these four cities will still require proof of an active, transferable policy, or a new one bound before closing, no matter what the statewide trend line says. If your home sits in a flood zone or carries an older roof, get a real insurance quote before you list. Not after you're under contract with the appraisal clock running.

What Florida Sellers Should Do Now

Check your policy status today. Don't wait for a buyer's lender to flag it during underwriting. If your home is hard to insure, a financed buyer's deal can die in the final two weeks over a coverage gap you could have caught in week one. With Cash Flow Deals, you choose between the Fast Cash Offer, where we buy your house as-is and close, and the Premium Cash Offer, where a pre-approved FHA or conventional buyer we already have, ready to go, pays more and buys directly from you. The Premium buyer's lender still reviews insurance and financing requirements; our purchase under the Fast Cash Offer does not depend on a homebuyer's mortgage approval.

We cover repair costs, and we figure out a way, so nothing comes out of your pocket. With the Premium Cash Offer, only what the buyer's lender requires gets fixed, with repair costs covered and settled from the sale proceeds out of our share. With the Fast Cash Offer, we buy as-is, with no repairs for you to make. The number is agreed before any work starts, and it changes only if you agree. The one exception: if something structural surfaces that was not visible or disclosed before we signed — foundation issues, hidden moisture, old wiring, cast-iron drain failure — we re-cost it and bring the number back to you. You decide. You can walk away. We disclose what we know at offer time so this almost never happens.

Cash Flow Deals is a Florida real estate investor. If you choose Premium, your home may be listed through Silver Door Realty, a licensed Florida brokerage, with a licensed agent and scheduled showings. Your buyer signs a new contract directly with you, title passes directly from you to that buyer, and their lender funds the purchase. Cash Flow Deals is paid as a separate line item on the closing statement.

And if your Palm Beach County sale ever gets tangled up with an insurance dispute or a related foreclosure filing, those cases run through Florida's 15th Judicial Circuit. Worth knowing before you commit to a timeline that assumes a clean legal path.

Cash Flow Deals' Offer Process:

We review your Palm Beach County property and current insurance situation, then send written Fast Cash Offer and Premium Cash Offer numbers within 24 hours. No lender approval or insurance binder is required to get those numbers in hand.

You choose on your timeline. A Citizens policy, a lapsed binder, or an older roof may still need review by the Premium buyer's lender. If the buyer's loan falls through, that is our problem, not yours, and you can still take the Fast Cash Offer at its own number instead of the Premium Cash Offer.

The Fast Cash Offer closes in 30 business days, and the Premium Cash Offer's longer financing process runs 45 to 60 business days; you help pick the date. Your Premium closing depends on the buyer's lender approving financing and acceptable insurance coverage.