To be eligible for Citizens, the applicant must certify that they have not received an offer for residential property insurance that is less than ____________ percent higher than the price quoted through Citizens.

The correct answer is 15 percent. In Florida, Citizens Property Insurance Corporation provides coverage options for residential properties when applicants cannot find affordable coverage in the private market. To qualify for Citizens, applicants must demonstrate that they have not received an offer from any other insurer for residential property insurance that is less than 15 percent higher than the premium offered by Citizens. This rule is in place to ensure that Citizens remains a provider of last resort, helping those who truly cannot find reasonable rates elsewhere.

This specific percentage is crucial as it balances the need for residents to have access to insurance while also discouraging the overuse of Citizens by those who may have access to more affordable options. Understanding this condition can help applicants navigate their insurance choices effectively and comply with Florida regulations regarding Citizens Insurance.