New Port Richey Senior Joins Action Suit Against Citizens

BRENT KALLESTAD, Associated Press

TALLAHASSEE, Fla. (AP) — An 82-year-old woman from the Tampa Bay area trying to survive on a meager social security check is among customers of Citizens Property Insurance Corp. suing the insurer for the way it calculates replacement values.

Ruth Lauro said Tuesday that she isn’t sure how long she’ll be able to remain in her New Port Richey home of 33 years after her monthly homeowners insurance premium was increased $69. Lauro said she receives $630 monthly from Social Security.

Sen. Mike Fasano said independent estimates on the replacement value on Lauro’s home is about half of the Citizens estimate.

Citizens’ spokeswoman Christine Ashburn said the insurer’s goal is to establish an accurate replacement cost valuation to protect its policyholders and make sure they can restore their home after a catastrophic loss.

Copyright 2012 The Associated Press.

Comments

More From CBS Tampa

POLL: How Are YOU Celebrating the 4th of July?What does Tampa Bay like to do for the 4th of July? Our poll has the answer!
Fatal Alligators Attacks in Florida Over Past 20 YearsThe body of a 2-year-old Nebraska boy was found Wednesday after he was snatched by an alligator at a...

Listen Live