The Citizens Policyholder Surcharge Coverage program is designed to limit the out-of-pocket expense due to large hurricane deductibles and statutorily mandated deficit recoupment charges.

  • When the Surcharge is made as a result of a direct physical loss to properties stated on the Policy Declarations
  • Effective date of coverage/policy/ endorsement was prior to the date of occurrence that created the deficit and resulting in the Policyholder Surcharge
  • There is direct physical loss to the covered property in excess of the Citizens applicable deductible
  • This coverage does not apply to subsequent or prior Regular Assessments