The Florida Insurance industry moves towards $10,000 water caps starting with State-Run Citizens Property Insurance. Your policy will have a 10k water cap if you do not use their contractors!
According to the Sun-Sentinel article titled, “Citizens’ board approves coverage caps for customers who use outside contractors”
The article states, “State-run Citizens Property Insurance Corp. moved a step closer toward capping coverage for non-weather-related water damage repairs for customers who refuse to use the company’s handpicked contractors.
Its Board of Governors unanimously approved the company’s plan to impose a $10,000 limit on permanent repairs, including $3,000 for emergency repairs, unless policyholders agree to let Citizens send a member of its new managed repair contractor network to perform the work.”