Florida commercial residential coverage is currently limited, yet there is a growing demand

• CORE plans to depopulate policies from Citizens Property Insurance starting on February 27, 2024
• Assumed policies with CORE are not subject to the Citizens Policyholder Assessment of up to 15% in the event of a deficit

Underwriting Company: Condo Owners Reciprocal Exchange (CORE)

• The coverage form is a “Me-Too” of current coverage with Citizens focusing on common association property, excluding unit-owner property
• CORE approved rates are competitive with Citizens 2024 filed rates
• Demotech -> rating A Exceptional
• A reciprocal exchange structure is well-suited for Commercial Residential, as the policyholder will participate in the insurance company’s ownership

Managing General Agent:

• Utilizes an in-source model
• Customer Service is available 24/7
• In-house Claims Department
• Internally developed technology platform