Olympus Insurance Company Review

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Written by
Darren Craft
Financial Rating
NAIC
12954
NAIC Group
N/A
Address
4200 Northcorp Parkway, Suite 400, Palm Beach Gardens, FL 33410
Service Phone Number
Claims Phone Number
Jurisdictions
FL
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Olympus Insurance at a Glance

Olympus Insurance is an insurance company founded in 2007. It focuses on providing Florida property owners with homeowners insurance. It also offers condo, townhome, landlord insurance, as well as scheduled personal property and flood insurance.

Olympus Insurance has received an A for Exceptional rating from Demotech and an A+ from the Better Business Bureau. It has around 1.46% of the Florida homeowners insurance market share. 

What Type of Insurance Does Olympus Insurance Offer?

Olympus Insurance offers homeowners insurance, condo insurance, townhome insurance, and landlord insurance. They also have scheduled personal property and flood insurance. With a variety of policies available, they may have the comprehensive property insurance coverage that you’re looking for. Olympus has proven to be one of the best companies for Florida home insurance when it comes to newer and higher value homes.

What to Know about Olympus Insurance

Headquartered in Palm Beach Gardens, Florida, Olympus Insurance was founded in 2007 and has been around in the Florida property insurance market for 15 years now. 

Olympus Insurance offers coverage for individual risks up to $5 million in total insured value and strives to provide comprehensive coverage for Florida residents who need it. 

Many homeowners insurance policies won’t typically cover wind-driven rain, but Olympus Insurance policies can. If you’re worried about wind-driven rain damage to your home, Olympus Insurance adjusters will likely assess the damage just like for other types of claims. 

Financial Summary Table

Reporting Period Net Admitted Assets Policyholders Surplus Gross Premiums Written Net Premiums Written
Reporting Period3/31/2022 Net Admitted Assets$144,889,524 Policyholders Surplus$39,202,181 Gross Premiums Written$52,302,896 Net Premiums Written$10,095,501
Reporting Period12/31/2021 Net Admitted Assets$131,376,967 Policyholders Surplus$38,427,543 Gross Premiums Written$230,144,600 Net Premiums Written-$60,889,932
Reporting Period12/31/2020 Net Admitted Assets$129,792,318 Policyholders Surplus$31,337,702 Gross Premiums Written$209,891,062 Net Premiums Written-$26,593,844


What Discounts Does Olympus Insurance Offer?

Olympus Insurance offers certain homeowners insurance discounts you may be eligible for. 

These discounts include: 

  • New roof or roof style 
  • Fire safety precautions
  • Security systems 
  • Community awareness
  • “Preferred” homeowner 

To ensure that you’re getting a blend of the lowest quotes and best coverage, you can contact Worth Insurance to get an advisor’s help. 

Olympus Insurance Customer Service

The Olympus Insurance policy services line can be contacted by phone at (800) 711-9386 and via email at policyservices@oigfl.com. The claims hotline can be contacted at (866) 281-2242 and olympusclaims@oigfl.com

The claims hotline is open 24/7 and also allows for emergency requests. 

Get In Touch

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Written by
Darren Craft
Writer, Insurance
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Darren Craft is a licensed insurance advisor. He has been an angel investor in a number of prominent fintech and insurtech startups.

Frequently Asked Questions

What is Olympus Insurance's average claim response time frame?

Claims can be filed online, via email, or by phone. 

In most cases, Florida insurance carriers will decide on your insurance claim within 90 days. If your claim is approved by Olympus Insurance, they must pay you within 20 days of their decision. 

What is Olympus Insurance's claims process?

The claims can be filed 24/7 at (866) 281-2242 online at olympusinsurance.com/file-a-claim, and via email olympusclaims@oigfl.com

After filing the claim, an insurance adjuster will respond and assess the situation filed in the claim.

Does Olympus Insurance have good homeowners insurance?

With a good amount of discount options for their policies and a financial security rating of A, Olympus Insurance could potentially offer you higher value coverage than other property insurance companies. It also notably offers coverage for wind-driven rain damage, which many other insurers will not cover in their property insurance policies.

What is Olympus Insurance's customer service availability?

Olympus Insurance customer service can be reached through email or phone. Their Contact Page details the company’s various addresses and forms of contact.  

Does Olympus Insurance create a user-friendly experience for customers?

The website of Olympus Insurance is fairly easy to use and understand. There are several ways of contacting Olympus Insurance to make a complaint or file a claim. 

Olympus Insurance also has various social media platforms (Facebook, Twitter, LinkedIn, and Instagram). The Olympus Insurance company has a visible online presence that interacts with customers. 

Olympus Insurance has a rating of 3.2 stars in 66 Google reviews. It does not have many customer reviews on BBB either, though most of the reviews received were negative. 

On the official Olympus Insurance Testimonials, the company does have plenty of positive reviews and comments from their customers. 

Is Olympus Insurance a good insurance company?

If you are looking for property insurance, Olympus Insurance offers a variety of policies and has a 24/7 claims hotline. 

Like other insurance companies in Florida, Olympus Insurance faced significant financial challenges due to recent hurricane claims and rising legal costs. According to Demotech, Olympus Insurance is, notably, one of the companies that took some steps to deal with these challenges.  

Getting a quote for any insurance can be a difficult and uncertain process on your own. Shopping insurance is much easier with an advisor who has your back. You can always connect with our team at Worth Insurance to see whether there are better coverage options for you.