Gulfstream Property and Casualty Insurance Company has a rating of A+ from the Better Business Bureau. It has insured over ninety thousand homes in six states, including Florida, Alabama, Louisiana, South Carolina, Texas, and Mississippi. In addition, the company has settled more than seventy-two thousand claims since its inception and paid around seven hundred million dollars to policyholders. Those insured and provided coverage include devastating damages and aftermaths of over thirty storms, including hurricanes Wilma, Matthew, Irma, and Katrina.

History Of Gulfstream Property And Casualty Insurance Company

Gulfstream was founded in 2004. It offers homeowners insurance, landlord or rental property insurance, condominium insurance, flood insurance, fire insurance, equipment breakdown insurance, and renters insurance. The company is strongly reinsured and highly rated. It has an A rating for financial stability from Demotech. The rating implies its economic strength is exceptional.

Gulfstream has a vast network of agents across six states. The insurance company has corporate offices in all these states. Experts provide extensive assistance to those seeking insurance and those already insured by the company. The insurer has always protected the policyholder surplus, ensuring those insured always get the financial help needed after a significant adverse incident. Over the last fifteen years, it has dealt with numerous claims after catastrophic natural events. In addition, it has honored its pledge to provide coverage as the policy of all insured.

Nan Brunson is presently the insurance company’s president and chief executive officer. David Block is the chief financial officer and treasurer, Kerry Ford is the chief underwriting officer, Mike Killingsworth is the vice president of sales, Mike Gilmer is the vice president of claims, Don Soss is the vice president of underwriting and product management, Perry Cone is the general counsel, secretary, and vice president for administration and compliance, and Terri McCoy is the assistant vice president of underwriting.

Gulfstream has comprehensive reinsurance to protect its financial viability. Reinsurance is critical in ensuring an insurer is financially protected during great distress. It is owing to the reinsurance program that those insured can rest assured their coverage will be available when needed, regardless of how many others need the same, less, or more coverage for a similar or different reason. The reinsurance program of Gulfstream covers worst-case scenarios, including catastrophic events on a large scale. The policy also provides coverage for multiple storms. As a result, the insurance company has low retention and a sturdy capital position.

Products Of Gulfstream Property And Casualty Insurance Company

Gulfstream has comprehensive homeowners insurance policies. Many policies are customizable depending on the type of coverage required and the available deductibles and exemptions. In addition, there are discounts available based on some key factors. Homeowners can discuss these specifics with their agents or the experts at Gulfstream.

The insurance company can protect the entire structure of a property, unconnected or detached fixtures on the premises, and personal belongings, including valuables. Expensive valuables can be insured in the same policy for a higher premium. Standard coverage of homeowners insurance policies of Gulfstream is for dwellings including the walls, floors, roof, cabinets, countertops, porch, installed appliances, and other interior fixtures. Coverage for personal property factors in clothing, furnishing, electronics, jewelry, and housewares such as dishes, pots, pans, medicines, and health products. Standard policies also cover temporary living expenses and relocation costs. There is legal liability protection that also includes medical expenses. Typical liability insurance coverage consists of the cost of legal defense. Most standard policies provide a range for fences, detached garages, and sheds.

There is additional coverage for most policies. Gulfstream can provide a limited or extensive range depending on homeowners’ needs. This is mostly where customization becomes imperative. Additional coverage is optional. It can account for the cost of repair or replacement in case of perils not covered in the standard policy. Collectibles and antiques can be included in additional coverage. Equipment breakdown, damage to appliances, failure of major systems in the property, protecting the value of the golf cart, and specialized liability protection can be secured with additional coverage. Standard coverage can be insufficient in instances of grievous personal injury. Additional coverage can be sought for such circumstances. Gulfstream also offers a range against identity theft and animal liability, loss assessment, and scheduled personal property.

Gulfstream has policies for owners of detached homes, condominiums, townhouses, and other residences. The owner may occupy the property or be a seasonal home yearly. There are different policies for landlords or property owners who have tenants. Renters can also get adequate insurance coverage. Renters usually do not need the kind of policy suited for homeowners. For example, renters can get home contents insurance, which provides coverage for personal valuables.

Standard Perils And Additional Coverage From Gulfstream

Standard insurance policies of Gulfstream cover losses or damages caused by fire, lightning, smoke, wind and hail, theft, frozen plumbing, explosion, and vandalism. Storms and hurricanes are perils that require a separate deductible. They are not always among the covered risks in every policy. Standard policies may have many exemptions, especially for floods and other major natural disasters. These need to be included as covered perils while choosing a policy. Gulfstream does have standalone policies for floods, storms, or hurricanes.

Gulfstream factors in all relevant elements to determine the cost of insurance. The age, type, and quality of construction of a house are the essential components. Protective features, if any, can reduce the cost of insurance. Adherence to the building code, the house’s condition, and the coverage amount influence the premium. Installing an anti-theft alarm and fire sprinkler system can make an insured eligible for a discount. There is a new home credit available in most states. Homes in gated communities qualify for another deal. The availability and value of discounts vary from state to state. Many such aspects influence the premiums Gulfstream Property and Casualty Insurance Company charges.