Category Archives: Florida Home Insurance Company Reviews

Citizens Property Insurance Corporation Depopulation: Take Out Companies Review

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Citizens Property Insurance Corporation is a not-for-profit, tax-exempt government entity, created by the Florida legislature with the purpose to provide insurance protection to Florida property owners who are entitled to but are unable to find property insurance coverage in the private market. Citizens Property Insurance Corporation is the largest insurer of residential properties in the Sunshine State, and many home owners are insured with Citizens not because no private insurance company will insure them, but because Citizens was much less expensive than the private insurers willing to cover their property. If your agent insured your home with Citizens Property Insurance Corporation, it was either because a private insurance company would not cover your property or coverage was offered but at a premium over 15% higher than Citizens.

If your Florida property is insured with Citizens Property Insurance Corporation, you are probably aware of Citizens Depopulation Program, which is designed to transition Citizen’s policyholders to private insurance companies.

In 2015, these companies are assuming Citizens property insurance policies: American Colonial Insurance Company, Anchor Property & Casualty Insurance Company, Avatar Property & Casualty Insurance Company, Cypress Property & Casualty Insurance Company, First Community Insurance Company, Heritage Property & Casualty Insurance Company, Homeowners Choice Property & Casualty Insurance Company, Mount Beacon Insurance Company, Prepared Insurance Company, Security First Insurance Company, Southern Oak Insurance Company, and United Property & Casualty Insurance Company.

Should you stay with Citizens or allow your homeowners insurance to be transferred to the take-out company willing to assume your coverage? If you are facing this decision, or if you have allowed your Citizens policy to be assumed by a take-out company in the past, this review will help you evaluate the take-out company compared to Citizens, other take-out companies, and the insurance companies in the Florida home insurance market. This review will look at the choices you may have to find the best home insurance company for you at the best price, and avoid the worst insurance companies. This review will consider the options for insurance policyholders of personal lines accounts only, such as personally owned single family houses, condo unit owners, and mobile homes, and not commercial residential or non-residential properties owned by business entities or homeowners associations. Continue reading →

How to evaluate your Florida homeowners insurance company & the complaint records for major companies in the state

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This review will explain how to evaluate your homeowners insurance company and other homeowners insurance companies insuring homes in Florida, so you don’t regret keeping the company insuring you now when you have a claim, or the company you chose for its lower rate.

If you want to evaluate your current company & coverage compared to other companies, this review will also analyse the largest insurance companies insuring many homes in Florida I have yet to review, including their Florida state complaint record, JD Power claims & customer satisfaction ratings, and AM Best Financial Strength ratings. Some of these companies may not be selling homeowners insurance policies in Florida anymore, so I’ll look at each company’s increase or decrease in their number of homeowners insurance policies in Florida over recent years. Continue reading →

Home Insurance Companies Selling the Most Policies in Florida: Complaint Record Review

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This review analyzes & ranks the home insurance companies selling the most new home insurance policies in Florida by their number of annual complaints each year from 2009 to 2014, based on data last updated by Florida state for the quarter ending 12/31/2014. As any Florida homeowner should know, many of the large national insurance companies no longer sell new home insurance policies in the state.

Knowing which companies are currently selling the most policies, can not only help you find the companies selling Florida home insurance, but might indicate the companies with competitive rates for you. Be sure to read my summary at the end of this review to find out how to get the best home, condo, or mobile home insurance you can & save money! Continue reading →

American Integrity Insurance Reviews: Financial Stability Ratings & Home Insurance Complaint Record

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This review analyzes the recent home insurance complaint record (2010, 2011, 2012, & 2013) for American Integrity Insurance Company of Florida, the sixth largest seller of new home insurance policies in Florida, and discusses its financial strength & stability ratings. People often make the mistake of not checking the complaint record of their insurance company. For auto & home insurance, people should avoid companies having a higher than average number of complaints filed with a state’s regulatory authority in recent years, if possible. Home insurance complaints are usually about the denial, delay, or insufficient payment of a claim. This review rates the home insurance complaint history of American Integrity Insurance for the last four years (data for 2014 is not available yet), to let you know if American Integrity is performing worse-than-average, average, or better-than-average, for homeowners insurance complaints, compared to the industry average. Another concern for home owners, particularly for owners residing in hurricane or disaster-prone states, is the financial strength of their home insurance companies, to be able to promptly & fully pay the claims of all its customers. This review will explore how American Integrity Insurance Company of Florida is rated for financial strength, stability, and claims-paying ability. Finally, this review will discuss how American Integrity Insurance Company’s complaint record compares to other major Florida home insurance companies. Continue reading →

Universal Property & Casualty Insurance Company Review: Ratings & FL Home Insurance Complaint Record

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How good is Universal Property & Casualty Insurance Company? Who do you contact for a price quote? Today I’ll provide you with information about Universal Property & Casualty Insurance Company to help you decide if they are the best property insurance company for you. Continue reading →

Federated National Insurance Reviews: Financial Stability Ratings & Complaint Record

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This review analyzes the recent home insurance complaint record (2010, 2011, 2012, & 2013) for Federated National Insurance Company, the fifth largest seller of new home insurance policies in Florida, and discusses its financial strength ratings. Many insurance customers make the mistake of failing to check the complaint record of their insurance company. For auto & home insurance, people should avoid companies with a recent histories of higher than average number of complaints filed with a state’s regulatory authority, if possible. Most complaints are often about the denial, delay, or insufficient payment of a claim. This review rates the home insurance complaint history for the last four years (data for 2014 is not available yet) for Federated National Insurance Company, to let you know if Federated National is performing worse-than-average, average, or better-than-average, for homeowners insurance complaints, compared to the industry average. Another concern, particularly for people residing in hurricane or disaster-prone states, is the financial strength of their home insurance companies, to be able to promptly & fully pay the claims of all its customers. This review will explore how Federated National Insurance Company is rated for financial strength, stability, and claims-paying ability. The last part of this review will discuss how Federated National Insurance Company’s complaint record compares to other major Florida home insurance companies. Continue reading →

Olympus Insurance Reviews: Financial Stability Ratings & Complaint Record

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This review analyzes the four-year home insurance complaint record (2010, 2011, 2012, & 2013) for Olympus Insurance, one of the twenty-five largest sellers of home insurance in Florida, and discusses its financial strength ratings. Many insurance policyholders make the mistake of failing to check the complaint record of their insurance company. For auto & home insurance, people should avoid companies with a recent history of higher than average number of complaints filed with a state’s regulatory authority, whenever possible. The majority of these complaints are usually regarding denial, delay, or inadequate payment of a claim. This review rates the recent home insurance complaint history (reliable data for 2014 is not available yet) for Olympus Insurance Company, to let you know if Olympus is performing worse than average, average, or better than average, for home insurance complaints, compared to the industry average. Another great concern, particularly for people residing in hurricane or disaster-prone states, is the financial strength of their home insurance companies, to be able to promptly & fully pay the claims of all its customers. In Florida, most of the companies insuring homes in the state are not the large national companies, but smaller companies not rated by AM Best, the best-known rating agency of insurance companies. This review will explore how Olympus Insurance Company is rated for financial strength and claims-paying ability. The final part of this review will discuss how Olympic Insurance Company’s complaint record compares to other major Florida home insurance companies. Continue reading →

Reviewing Florida Home Insurance Companies for Financial Strength, Stability, & Solvency

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Florida home insurance companies becoming financially insolvent is not an uncommon problem. Sunshine State Insurance Company, recently one of the 25 leading insurance companies selling new policies insuring homes in Florida, stopped selling new policies, after receiving a consent order from the Florida Office of Insurance Regulation (FOIR), to raise its surplus or shed its business. The FOIR consent order issued in March, came after Sunshine State reported it discovered accounting errors relating to reinsurance contracts from 2008 to 2011 that required correction. Sunshine State Insurance Company advised the FOIR that correcting the errors would negatively affect its surplus, as would fourth quarter losses. Customers of Sunshine State Insurance Company need to be concerned about the company being able to pay claims, and choosing another company to insure their home, as reported in this Insurance Journal article.

As any Florida property owner knows, finding companies to insure their homes and choosing the best insurance company, can be a challenge. The homeowners, condo, renters, or mobile home insurance companies available to them are often newer, very small companies not rated by AM Best, the most well-known company rating insurance company financial strength & solvency. If you are concerned about having substantial damage to your home covered by your insurance, particularly from a catastrophe, like a hurricane, where your insurance company may have many claims to pay, you want to do the best you can to avoid companies unable to meet their financial obligations. This blog post will discuss the issues regarding home insurance company solvency for Florida property owners, and show you one rating company that may be of great help with assessing an insurance company’s financial strength. Continue reading →

Florida Home Insurance Review: Best & Worst Complaint Records for the Largest Companies in the State.

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This review analyzes & ranks the 25 largest home insurance companies in Florida, from best to worst by their home insurance complaint history, as determined by complaints filed against them by FL home insurance customers & claimants with the Florida Office of Insurance Regulation, in 2009, 2010, 2011, 2012 & 2013.

Common reasons for filing complaints are because of denials, delays, or inadequate payments of claims. Looking at your home insurance company’s complaint record, compared to competitors, over the most recent several years, can help you decide if your homeowners, condominium, or renters insurance company is more likely to provide fair claims handling and customer service when you need it, or if other property insurance companies may be a better choice for you.

This is an old review. so I recommend using my new Florida home insurance reviews for the companies selling the most home insurance policies in Florida here, and the largest insurers of Florida homes here, which include 2014 complaint data.

My website reviews the major auto & home insurance companies in the USA, but many of these large national companies do not sell home insurance in Florida. JD Power & AM Best do not rate many of the largest Florida home insurers, so reviewing a company’s complaint statistics is a major way to determine if an insurance company is likely to provide acceptable or poor service. Read this review, see which companies have the best & worst complaint records in Florida, and shop to find the company with the best choice of coverage, service, & price for you. Continue reading →