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Homeowners Choice Insurance Florida

Homeowners Choice Florida

How would you like an insurance group with solid financial backing and a support system? How about an insurance company with many different areas of insurance plans to protect you and helps you through the decision-making process to make it easier for you? Do you want an insurance company that strives to grow and strengthen its business so that they keep investing to benefit you and your future? How about looking at Homeowners Choice Insurance, then?

When Did Homeowners Choice Insurance Get Its Start?

In April 2013, Homeowners Choice Insurance changed its name to Homeowners Choice Insurance Group for a few reasons. One of these reasons was to make it easier to describe the company’s business policies, such as its property and casualty insurance, information technology, real estate, and reinsurance plans. Another reason was to help distinguish between the company and its giant branch, Homeowners Property and Casualty Insurance Company, Inc. 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, they decided that their more giant branch, Homeowners Property and Casualty Insurance Company, Inc., would operate under the brand name “Homeowners Choice.”

Homeowners Choice Insurance Opens In Florida

Homeowners Choice Insurance was started in 2006 in Florida after many damaging hurricanes caused the departure of many insurance companies in that state. One of the major 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. As a result, the state insurance regulator allowed many private market insurance groups to come into Florida to provide insurance to those living there. As a result, homeowners’ Choice Insurance began to proliferate by working through the form of 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 averaged around $2,500 per year, while the companies averaged $2,000 per policy.

Homeowners Choice Insurance also took over HomeWise Insurance in November 2011 and acquired around 70,000 policies, cash, and premiums of over $53 million. This has allowed Homeowners Choice Insurance to double its income and procedures, 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 a considerable return on their investments and continue to thrive in the insurance market in Florida.

Types Of Policies Offered by Homeowners Choice Insurance.

Homeowners Choice Insurance provides coverage for personal homes, liability coverage, and personal possessions inside the houses. Homeowners Choice Insurance has a Condominium Owners Policy that protects the contents inside the condominium, the inside of the condominium, and liability coverage. They also have a Renters Policy to cover the contents and personal possessions of the people renting a place to live. Finally, homeowners Choice Insurance has a Dwelling Insurance Policy to cover any dwelling being rented or possibly not occupied but doesn’t cover as much as a standard Homeowners Policy.

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

IT Products.

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

Real Estate Products.

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

Reinsurance Products.

Homeowners Choice Insurance also offers a reinsurance program primarily served through the Claddaugh reinsurance division. This program mainly rains through the giant branch of the company, Homeowners Choice Property & Casualty Insurance Company, Inc.

Get A Homeowners Choice Insurance Quote Today.

Homeowners Choice Insurance has its set goals in mind, and one of these is to have 5%a  market share in Florida, with the capability to grow and advance into other states. Homeowners Choice Insurance also aims to create more policies, add more agents, and take over more 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 Florida, Homeowners Choice Insurance is a top choice for the people in Florida. With state-of-the-art technology and the financial backing to take the risks they need, Homeowners’ Choice Insurance continues to flourish and impact Florida. They continue to look for opportunities to become even better and set out 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 at a price you can afford. In addition, Homeowners Choice Insurance won’t back down and leave Florida if something should happen, as the other companies have. Instead, they will get you back on your feet and your life if another catastrophe happens.

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