In 2027 all Citizens Insurance policy holders will be required to have Flood. 

This gives them the same protection and coverage under your policy as you have as the primary policyholder.

Thanks MikeThe way I think about insurance is that when the value is high enough they will fight to defend a claim where if the value of the policy is low enough they will just pay out leaving the policy holder hanging for any additional claim.

@Yuzi Stha I’d call your policy holder and see if there is any legitimate reason to do this before doing it.

One of the things they do is lend it to policyholders for policy loans.4.

If it is discovered that the ex-owner, the first-named insured in this case, no longer owns the property, expect the insurer to deny based upon the fact the policyholder no longer owns the property.

@Chris Seveney - Thanks for the response.(1) The master insurance policy holder for the condo association does not want to provide us (the unit owners impacted by the water damage) the amount required to repair the units therefore we likely have to take them to court which will take a long time.(2) The claim was filed against the condo association policy since several units were impacted. 

If their reserves are exhausted in an event then they are allowed by law to pass the overruns on to all policy holders to make up the difference.How are Florida investors looking at the current insurance costs and future risk of high insurance costs?

It is a better coverage for the policy holder than "Actual Cash Value" (ACV).

He advised us to put a second insurance policy on the property in my name and leave the mortgage owners policy in place as the change in insurance and policy holder is a red flag for the mortgage company.