Monarch National Insurance Company Review

Financial Rating
NAIC
15715
NAIC Group
Monarch Delaware Group
Address
14050 Nw 14Th Street, Suite 180, Sunrise, FL 33323
Service Phone Number
Claims Phone Number
Jurisdictions
FL
Financial Summary Table

Monarch National Insurance Company at a Glance

Monarch National Insurance Company is a subsidiary of FedNat. It was established in 2015, while FedNat has been providing home insurance since 1992. The company offers various packages for homeowners and condominium insurance. 

Monarch National has accreditation and an A+ rating on the Better Business Bureau (BBB). 

What Type of Insurance Does Monarch National Insurance Company Offer?

Monarch Insurance Company offers homeowners and condo insurance in only one state: Florida. Its homeowners insurance comes in three tiers of packages with different add-ons: Bronze, Silver, and Gold. 

Each of the packages comes with additional limits and protection for: 

  • Personal Property 
  • Personal Property Loss Settlement
  • Jewelry and Furs 
  • Silverware 
  • Business Property 
  • Credit Card Fraud
  • Refrigerated Personal Property 
  • Water Backup and Sump Pump Overflow
  • Personal Liability 
  • Medical Payments

Values will vary depending on the package you choose. The more expensive the package, the better the coverage. The Gold Package also had Identity Fraud Coverage and Dog Liability Coverage. 

What to Know about Monarch National Insurance Company

Monarch National Insurance is a subsidiary of FedNat Insurance, which has been underwriting homeowners policies in Florida for decades now. Monarch National is a fairly new company and is a fresh entrant to the Florida insurance market, but it shares a website and team with FedNat. 

It is useful to know that FedNat has had financial trouble in recent years in Florida – it has cancelled thousands of homeowners policies in the state. 

What Discounts Does Monarch National Insurance Company Offer?

If you’re interested in holding a policy with Monarch National Insurance, it may be a good idea to ask your agent what discounts you may be eligible for. Discounts can help you lower your insurance premium. Another option you can take is to seek a quote online with Worth Insurance, where you can quickly get competitive quotes from top Florida insurance carriers. 

Monarch National Insurance Company Customer Service

If you want to file a claim, you can do so by either going online to the FedNat website or calling the claims department at 800-293-2532. New property claims can be made 24/7. 

Frequently Asked Questions

What is Monarch National Insurance Company's average claim response time frame?

There is no clear indication of how quickly the company responds to claims. However, customers have complained about the claims process and customer service from Monarch National Insurance. In addition, FedNat Insurance has historically had many complaints surrounding their customer service. 

What is Monarch National Insurance Company's claims process?

Customers can file a claim online. A FedNat Insurance customer service team can be reached 24 hours a day, 365 days a year over the phone at 800-293-2532. 

If you are experiencing an emergency and need assistance with your property, FedNat recommends you call FedNat at their listed claims hotline. After contacting FedNat’s claims center, an expert will help you with your situation, and potentially send you one of the company’s preferred contractor so they can deal with the type of damage or loss that you’re experiencing at the time.

Does Monarch National Insurance Company have good homeowners insurance?

Overall, it can be difficult to tell whether Monarch National Insurance offers good homeowners or condo insurance at the moment. However, FedNat has announced that Monarch National has received a $15 million investment by funds managed by Hale Partnership Capital Management LLC (Hale Group). With this investment, Monarch National Insurance is expected to continue its operations in the Sunshine State in the next while.

What is Monarch National Insurance Company's customer service availability?

You can reach the Monarch National Insurance customer service by going online or by calling 800-293-2532. Customer service is available 24/7, making it relatively easy and convenient for customers to ask questions, file complaints, and more.

Does Monarch National Insurance Company create a user-friendly experience for customers?

Since Monarch National has not been in the market for a long time, it has very few reviews. Of the customer reviews, some complain about Monarch National raising prices unexpectedly or having poor customer service.

Is Monarch National Insurance Company a good insurance company?

Monarch National Insurance has only recently entered the turbulent homeowners insurance market in Florida. If you’re looking for good insurance coverage for you and your family, Worth Insurance’s team is here to help. We can provide you with quick and competitive quotes across Florida’s top insurance carriers. Enjoy a smoother insurance shopping process today!