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Homeowners Choice Insurance

Homeowners Choice

How would you like an insurance group with a strong financial backing and support system? How about an insurance company that has many different areas of insurance plans to protect you and help you through the decision making process to make it easier for you? Do you want an insurance company who strives to continue to grow and strengthen their business so they keep on making investments to benefit you and your future? How about looking at Homeowners Choice Insurance then?

 

In April of 2013, Homeowners Choice Insurance changed their name to Homeowners Choice Insurance Group for a few reasons. One of these reasons was to make it easier to describe the company’s range of business policies, such as their property and casualty insurance, information technology, real estate and reinsurance plans. Another reason was to help distinguish between the company Homeowners Choice Insurance and its larger branch, Homeowners Property and Casualty Insurance Company, Inc. And, the name change will separate the non-property and casualty insurance group brands from the “Homeowners Choice” brands of insurance, which will improve the quality of and intensify the worth of all the brands. Homeowners Choice Insurance also announced that, along with their name change, Homeowners Choice Insurance decided that their larger branch, Homeowners Property and Casualty Insurance Company, Inc. would operate under the brand name, “Homeowners Choice”.

 

Homeowners Choice Insurance was started in 2006 in Florida, after a lot of damaging hurricanes caused the departure of many insurance companies in that state. One of the main insurance companies to leave the state of Florida in 2009 was State Farm. The state owned insurance, Citizens Property Insurance, became overwhelmed trying to keep up and provide homeowners insurance to the residents of Florida during this time. The state insurance regulator allowed a lot of private market insurance groups to come into the state of Florida to the insurance to the people that were living there. Homeowners Choice Insurance began to grow quickly by working through the state owned Citizens Property Insurance through their take-out program. Homeowners Choice Insurance acquired 60,000 policies from Citizens in 2012 and doubled its market share. These policies average around $2,500 per year while the companies were averaging $2,000 per policy.

 

 

Homeowners Choice Insurance also took over HomeWise Insurance in November 2011 and acquired around 70,000 policies and cash and premiums of over $53 million from them. This has allowed Homeowners Choice Insurance to double its income and policies giving them a substantial gain in the insurance market in Florida. In 2012, Homeowners Choice Insurance was valued at over $121 million. Since Homeowners Choice Insurance began, they have been able to produce considerable return on their investments and continue to thrive in the insurance market in Florida.

 

Homeowners Choice Insurance offers a Homeowners Choice Policy that provides coverage for personal homes, liability coverage and personal possessions inside of the homes. Homeowners Choice Insurance has a Condominium Owners Policy that provides protection for the contents inside the condominium, the inside of the condominium and liability coverage. Homeowners Choice Insurance has a Renters Policy to cover the contents and personal possessions of the people renting a place to live and Homeowners Choice Insurance has a Dwelling Insurance Policy to cover any dwelling that is being rented or possibly not occupied but doesn’t cover as much as a normal Homeowners Policy.

 

Homeowners Choice Insurance decided that their information technology group would perform under the “Exzeo” brand, Homeowners Choice Insurance’s real estate program would operate under the “Greenleaf Capital” brand and their reinsurance program would operate under the “Claddaugh” brand. These procedures were put into effect to strengthen the different brands in the company and its wide spread resources. While Homeowners Choice Insurance stays strong and committed to their insurance products and business transactions and their Homeowners Choice Brand, they are thrilled about their other businesses and the advanced opportunities that these brands offer.

 

Homeowners Choice Insurance offers Information Technology Products and services through their Exzeo Division that will help you get the most out of your money. Exzeo is a social business on the web that highlights a supporting a real time work area that offers a smooth combination of companies, people that work together and partners in businesses.

 

Homeowners Choice Insurance has a real estate division called Greenleaf Capital and they manage Homeowners Choice Insurance’s real estate investments.  Some of this real estate Homeowners Choice Insurance owns is Cypress Commons, John’s Pass Marina in Treasure Island, Florida, Gator’s Café & Saloon and Tierra Verde Marina and retail center. This also includes 19 acres of property on Florida’s Gulf Coast waterfront area and several office buildings.

 

Homeowners Choice Insurance also offers a reinsurance program that is primarily served through the Claddaugh reinsurance division. This program is mainly rain through the larger branch of Homeowners Choice Insurance, Homeowners Choice Property & Casualty Insurance Company, Inc.

 

Homeowners Choice Insurance clearly has their set goals in mind and one of these is to have 5% market share in Florida, with the capability to grow and advance into other states. Homeowners Choice Insurance also has a goal to create more policies, add more agents and take over more of Citizens policies. Homeowners Choice Insurance is also looking to acquire more of the in-state competition so they can continue to grow and become a leader in the insurance industry. Homeowners Choice Insurance also strives to create new product offerings for their customers and expand with a mobile device application for their technology program through Exzeo.

 

As one of the fastest growing insurance companies in the state of Florida, Homeowners Choice Insurance is a top choice for the people in Florida. With state of the art technology and their financial backing to take the risks that they need to take, Homeowners Choice Insurance continues to flourish and make their impact in Florida. Homeowners Choice Insurance continues to look for opportunities to become even better and set out with the strategies to make this happen. Homeowners Choice Insurance has a variety of products and services, well trained and highly experienced staff and agents who are there to help you decide the right insurance policy for you with a price that you can afford. Homeowners Choice Insurance won’t back down and leave Florida if something should happen like the other companies have. Homeowners Choice Insurance will be there for you to get you back on your feet and get your life back if another catastrophe should happen.

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