Top Homeowners Insurance Companies in Florida
Having a home is an important investment, and you want to make sure that you're protected against the unexpected. If you're looking for homeowners insurance in Florida, you'll find a number of companies that you can choose from. But how do you know which one is the best?
ASI Progressive
Founded in 1997, American Strategic Insurance, or ASI, is a relatively new insurance provider that offers a variety of options. ASI specializes in homeowners insurance, renters insurance, condominium insurance, and flood insurance. It also offers a range of discounts and add-ons. The company was recently acquired by Progressive, a third-party company that offers homeowners insurance in 30 states.
ASI's financial strength has earned it an A+ rating from AM Best. This rating indicates that the company has the financial capacity to reimburse policyholders for claims.
The company offers a range of discounts, including discounts for paying in advance and for bundling home and auto insurance. It also offers discounts for going paperless, and for having an alarm system and safety features installed in your home.
ASI's coverage options vary by state, but they typically include coverage for personal property, liability, and loss of use. The company also offers umbrella coverage, which covers your home if it is damaged by storms or floods. It also offers several endorsem*nt packages, which offer more specific protection. These packages may include coverage for increased replacement cost, loss of jewelry, and personal injury.
ASI has a wide network of independent insurance brokers and agents, which provides customers with a single point of contact. The company also offers a number of services to support policyholders, including online policy management and payment solutions.
As of 2015, ASI was a majority-owned subsidiary of PROGRESSIVE(r) Corporation. Progressive, which is a controlling shareholder, is expected to close its purchase of ASI on April 1. In addition to expanding coverage, Progressive plans to merge with ASI. Its acquisition of ASI is largely responsible for ASI's current expansion goals.
Allstate
Whether you live in a house or a condo, Allstate offers a wide range of insurance policies to protect you and your property. You can find policies that include personal property coverage, additional living expense coverage, loss-of-use coverage, and liability protection.
Allstate offers a wide range of digital tools to help you better understand your insurance policy. This includes the Allstate Digital Footprint program, which monitors your online activity and notifies you of any potential data breaches. It also provides a library of free digital tools to help you with your insurance policy.
Allstate also offers a wide range of discounts. These include discounts for non-smokers, newly-purchased homes, and safety features. They also offer discounts for installing storm shutters and weather-resistant roofs.
Allstate has also been a long time provider of auto insurance. The company started selling auto insurance in 1931. It is the third largest provider of auto insurance in the U.S. It also provides life insurance.
Allstate offers a variety of options to make it easier for homeowners to find the coverage that fits their needs. They also offer discounts for paying your premium by auto-pay. You can also get a discount if you switch to Allstate from another insurer. They also have a mobile app that lets you manage your policy and make payments from anywhere.
Allstate also offers discounts for purchasing a policy seven days before the expiration date. They also offer a no claims discount.
Allstate has a good reputation among consumers and insurance agents. They are a good choice for homeowners. They also offer the best possible customer service. You can speak with an agent if you have questions about your policy.
Tower Hill
Founded in 1972, Tower Hill Insurance is a leader in the residential property insurance market. It offers coverage to both residential and commercial clients, including homeowners, landlords and renters. They also have a comprehensive reinsurance program.
They offer a variety of high-end home insurance products, including a private flood insurance option, a personal property replacement cost endorsem*nt and a unique trampoline liability insurance rider. The company also offers coverage for landlords and condominiums.
The company also has a good claims service. They offer a 24/7 claims hotline and a claim ID system that allows for faster processing. They also have a comprehensive reinsurance program and product expertise. They also offer specialty lines in other states, including South Carolina, Alabama and Texas.
They also have a unique Emerald Endorsem*nt package that offers a cost-effective package of enhancements.
Tower Hill Insurance is a member of the Tower Hill Insurance Group. This group includes the company's signature Tower Hill Preferred and Tower Hill Signature Insurance Companies. It also includes Tower Hill Select and Omega. The group is headquartered in Gainesville, Florida. It is a family-owned company.
The company's website does not provide much information about its products and services. The company's most unique feature is its online quote system, which is unusual for a Florida homeowner's insurance company. This allows homeowners to get quotes without having to call or meet with an agent. The site also offers a list of personal property coverage, including coverage for trampolines, diving boards and loss assessment.
However, they do not mention many of the other home insurance products they offer. They do not provide a detailed list of their discounts, but their agents will be able to provide the full picture.
Mercury
Founded in 1961, Mercury General Corporation is an insurance broker. It operates in the business of writing insurance for both personal and commercial purposes. In addition to offering quality insurance products, Mercury General Corporation offers low rates. It was named as one of America's Best Insurance Companies of 2023.
Mercury insurance coverage includes standard homeowners and auto policies. The company also offers a number of optional add-ons. These add-ons cover water, gas, and electrical lines. They also include power tools, appliances, and home entertainment equipment. In addition to standard coverages, Mercury offers an umbrella policy.
While Mercury Insurance's website doesn't offer a quote, it does provide information about policy options. It also includes an agent search, a weather hub, and a mobile app that allows customers to manage their policy information. The app is available for Android and iOS devices. Besides being a good way to review your policy, the app offers a number of features including a pay-by-phone option and the ability to change your policy information.
Mercury also offers multiple discounts, including a multi-policy discount and a discount for having fire-resistant construction materials. The company also has a number of optional add-ons, including cyber attack protection and equipment breakdown coverage.
However, the most impressive feature of Mercury's home insurance is its mechanical protection endorsem*nt. This provides roadside assistance, specific repair costs, and other benefits. This endorsem*nt is unique in the insurance industry.
Mercury also has a number of other optional add-ons, including theft and loss of use coverage, a guest medical insurance policy, and a loss assessment. These options are available depending on your state of residence. Besides home insurance, Mercury offers condo and renters insurance.
Citizens Property Insurance Corp.
During the past two years, the Citizens Property Insurance Corporation has received a influx of policies from private insurers who are closing their doors. They are also shedding customers to curtail losses. The company's policy count jumped to more than one million last year.
The Citizens Property Insurance Corporation, which was formed in 2002, provides windstorm and general property insurance. The company is also a member of the Florida Hurricane Catastrophe Fund.
Citizens is a nonprofit, government-backed entity that provides insurance to Florida residents. The company's policy count has fluctuated dramatically over the past two decades. The company was created as an insurer of last resort.
Citizens is supported by reinsurance from the Florida Hurricane Catastrophe Fund. The company insures about 13 percent of the Florida market. However, it is a smaller player in some areas of the state. The company expects to reach 15 percent of the market by the end of the year. The company also has the ability to pay $13.4 billion in claims.
Citizens Insurance has a good credit rating. It receives an A1 rating from Moody's. However, the company has struggled with customer service. It has been the subject of numerous complaints. The company's website features a self-service tool for policyholders. It also offers a phone claims management service.
In addition to offering insurance protection, Citizens also offers online bill pay and claims management. Citizens is also the only insurer to offer coverage to renters. The company is also backed by private reinsurers.
Citizens will be more likely to borrow in the future to rebuild liquidity. The company could also raise rates to cover losses. In addition, it is working on a depopulation program. This means that the company is assessing all insurance policyholders in Florida. These assessments could cost policyholders up to 45% of their policy premium. If a policyholder chooses to forgo the assessments, they can receive a policyholder choice offer letter.
