Edison Insurance Company Review

Financial Stability

Edison Insurance Company Financial Stability

Edison Insurance Company Financial Summary Table

Reporting Period

Net Admitted Assets

Policyholders Surplus

Gross Premiums Written

Net Premiums Written

3/31/2024

$439,033,004

$119,902,511

$138,654,563

$93,451,905

12/31/2023

$388,651,547

$114,911,351

$482,391,467

$187,382,612

12/31/2022

$275,507,531

$61,827,106

$333,901,793

$141,185,081

Products and Packages

Edison Insurance Company Products and Packages

What Does Edison Insurance Cover? A Closer Look.

Edison keeps its product lineup focused but surprisingly flexible. Instead of casting a wide net, they double down on residential insurance — particularly homeowners and condo policies that address Florida’s weather volatility.

Homeowners Insurance

This isn’t your cookie-cutter policy. Edison’s homeowners coverage goes beyond the basics to include protections relevant to Florida homes — from windstorm and flood damage to additional living expenses if your property becomes uninhabitable.

Key features typically include:

• Dwelling and other structure protection
• Personal property replacement cost
• Personal liability coverage
• Medical payments to others
• Optional equipment breakdown or identity theft add-ons

Condo Insurance

For those living in shared buildings, Edison’s condo insurance fills in the gaps that master HOA policies often leave exposed. Expect coverage for:

• Interior buildouts (walls, flooring, cabinetry)
• Personal property
• Liability and guest medical protection

Extra Options Available

• Identity Theft Restoration: Resources and support if your credit or finances are compromised.
• Equipment Breakdown: Helps cover repair or replacement for home systems like HVAC or refrigerators.
• Premium Packages (Plus, Gold, Platinum): Higher coverage limits for valuables like art, jewelry, and collectibles.

Pricing & Premiums

Edison Insurance Company Pricing & Premiums

Is Edison Insurance Affordable in Florida? Depends on Your Risk.

Home insurance pricing in Florida isn’t for the faint of heart. Between hurricanes, lawsuits, and rising construction costs, it’s no surprise that Florida homeowners pay some of the highest premiums in the country.

Edison’s rates aim to strike a balance — offering meaningful coverage without breaking the bank. But like most Florida carriers, pricing depends heavily on your home’s location, age, build quality, and risk factors like proximity to the coast.

Here’s what to expect:

• The average cost of homeowners insurance in Florida is roughly $2,625 annually, far above the national average.
• Edison doesn’t publish standard rates, so quotes vary. A waterfront property in Naples? That’ll price very differently than a concrete block home in Gainesville.
• You’ll need to work with a local agent — like Worth Insurance — to get a personalized quote based on your specific property and coverage needs.

Bottom line: Edison isn’t a “budget” brand, but they try to price fairly for the protection they offer, especially given the state’s high-risk profile.

Discounts and Credits

Edison Insurance Company Discounts and Credits

How Can You Save with Edison? Some Perks, If You Qualify.

Edison offers several ways to chip away at your premium — especially if your home includes protective features or you've taken proactive safety measures. But unlike some carriers, Edison doesn’t shout these from the rooftops. Here’s what’s known:

Available Discounts:

• Wind Mitigation: Roof straps, impact windows, or storm shutters? Expect to see real savings.
• Safety Systems: Burglar alarms, smoke detectors, and monitored security can earn you a discount.
• Multi-Policy Bundles: Bundle with another eligible policy (if available) to get a price break.
• Newer Construction: Homes built to the latest code often come with lower premiums.

Pro Tip: The actual discount amount will vary, and not all homes will qualify. That’s why getting a custom quote — with inspection documentation — can help you maximize savings.

Eligibility & Underwriting Requirements

Edison Insurance Company Eligibility & Underwriting Requirements

Who Can Get Edison Insurance? Let’s Talk Inspections.

Edison’s underwriting is what you’d expect from a Florida-focused insurer — detailed and deliberate. They won’t insure just any property, especially in high-risk zones without proof of proper safeguards.

Here’s what Edison typically looks for:

• Mandatory Home Inspection: Required upfront to identify any risks or code issues.
• Construction Compliance: Homes must align with local building codes and flood zoning rules.
• Risk Assessment: Edison closely examines roof age, elevation, flood exposure, and overall maintenance.

What You’ll Need to Apply:

• Proof of ownership (title, deed, or mortgage statement)
• A recent appraisal or property tax assessment
• A detailed inventory of personal belongings (especially for contents coverage)

Heads-up: If your home has old wiring, aging roofs, or flood-prone foundations, be prepared for additional scrutiny — or in some cases, a declined application.

Application Process

Application Process for Edison Insurance Homeowners Policy

Getting Started with Edison Insurance

Edison’s application process is thorough but not especially complicated — assuming your home is in decent shape and your documents are in order. Most of the friction comes from the required inspection and property documentation, not the paperwork itself.

Here’s a quick walk-through:

1. Request a Quote: Start online or through an agent like Worth Insurance.
2. Submit Property Info: You’ll provide details about your home’s age, structure, roof, upgrades, and any safety features.
3. Schedule Inspection: Edison typically requires a home inspection to validate risk factors and building code compliance.
4. Review & Finalize: Once approved, you’ll review your policy terms, confirm premiums, and make the first payment.

Need help gathering documents or navigating the steps? Worth Insurance’s agents can take the stress out of the process and help you get everything squared away without the guesswork.

Customer Reviews & Service

Edison Insurance Company Customer Reviews & Service

Edison’s Customer Experience: Fast, but Sometimes Frustrating

Like many Florida-based insurers, Edison’s customer feedback is mixed — and that’s being diplomatic. Some homeowners rave about responsive agents and helpful claims staff. Others? Not so much.

Here’s the pattern:

• Positive mentions: Fast responses after major weather events, friendly phone agents, and helpful adjusters.
• Frequent complaints: Delays in claims settlement, unclear communication, and long phone wait times during peak storm seasons.

Edison does offer a 24/7 online claims portal and customer service by phone. Still, based on reviews, your experience may depend a lot on timing — and the adjuster assigned to your case.

Claims Contact: 1-888-683-7971
General Support: 1-866-568-8922

How to Make a Payment

How to Make a Payment to Edison Insurance Company

Making a payment to Edison Insurance is straightforward and can be done through several convenient methods. To begin, policyholders can opt to make payments online, which is a quick way to handle your premiums without the need to mail in checks or manage cash payments. This online payment gateway supports transactions through a secure portal on the Edison Insurance website.

Here are the steps for making a payment:

1. Visit the Online Payment Section: Access Edison Insurance's online payment portal via their official website.
2. Enter Your Policy Details: You'll need your policy number and possibly other personal identification to log in securely.
3. Choose Your Payment Method: Options typically include bank transfers, credit card, or debit card payments.
4. Confirm the Payment Amount: Enter the amount you wish to pay, which could be a partial payment, your regular installment, or the full annual premium, depending on your agreement with Edison.
5. Submit Your Payment: After confirming the details, submit your payment. You should receive a confirmation receipt via email or directly on the website, which you should keep for your records.

Additionally, for those who prefer mailing their payments, Edison provides a standard mailing address as well as an overnight payment address for expedited transactions:

Standard Mail Payment Address:
‍Edison Insurance Company
P.O. Box 733998
Dallas, TX 75373-3998

Overnight Payment Address:
‍Edison Insurance Company
JPMorgan Chase (TX1-0029)
Attn: Lockbox 733998
14800 Frye Road, 2nd Floor
Ft Worth, TX 76155

How to File a Claim

How to File a Claim with Edison Insurance Company

Filing a claim with Edison Insurance is designed to be straightforward, allowing you to quickly manage claims following an incident. The company provides several methods to report a claim, ensuring accessibility and convenience for policyholders.

Initially, you can file your claim online through Edison's customer portal, which is available 24/7, providing an efficient way to start the process without waiting for business hours. Alternatively, you can file a claim over the phone by contacting their claims department directly, which is especially useful if you need to speak with a representative for guidance through the process.

Here are the steps for filing a claim with Edison Insurance:

1. Prepare Your Information: Have your policy number, the date of the incident, and detailed information about the damage ready.
2. Report the Claim: You can choose to report your claim online via the Edison Insurance customer portal, call their claims department at 1-888-683-7971, or contact your local agent.
3. Documentation: It's crucial to document the damage with photos or videos if possible. This will support your claim and provide necessary evidence of the extent of the damage.
4. Claim Review and Adjustment: After reporting your claim, an Edison Insurance adjuster will be assigned to your case. They will likely contact you to schedule an inspection and review the damages personally.
5. Follow-Up: Once the assessment is done, the adjuster will review your coverage and the documented damages to determine the settlement amount. They will then guide you through the next steps towards resolving your claim.

Key Competitors

Edison Insurance Company Key Competitors

Florida’s insurance market is full of niche players and national brands trying to tackle local risks. Here are a few companies often compared with Edison:

• Florida Peninsula Insurance: Similar localized focus and financial strength, with a bit more scale.
• People’s Trust Insurance: Known for its in-house repair model (Rapid Response Team) — great if you want hands-off claims handling.
• FedNat Insurance: Another Florida-only carrier, though currently undergoing restructuring.
• Universal Property & Casualty: Larger scale, but also more public complaints in recent years.
• Heritage and Slide Insurance: Both growing fast with competitive offerings and newer tech platforms.

Edison holds its own through stability and straightforward policies, but competitors may outshine them in tech or customer service innovations.

So where does Edison really fit?

Edison Insurance may not be the flashiest or the fastest, but it offers something rare in Florida — consistency. In a market known for insurer exits and rising rates, Edison delivers traditional value with an understanding of what Florida homeowners actually need. That makes them a dependable middle ground between the legacy players and the newer, flashier brands.

If you're still not sure which company fits your needs, a quick chat with a Worth Insurance agent can help you weigh all your options — and maybe uncover discounts or policy perks you didn’t even know existed.

Conclusion

Wrapping Up

Is Edison Insurance Right for You?

If you're a Florida homeowner looking for solid, storm-ready insurance from a company that gets this market, Edison is worth considering. They’re financially stable, regionally focused, and offer policies designed around the very real risks we face in the Sunshine State.

But — and there is a but — you should be prepared for a traditional experience. Service may be slower at times, and some policyholders have voiced frustrations around claims. If that’s a concern, or if you want help finding the best option for your particular home, Worth Insurance can guide you through it.

Let us help you compare policies and simplify your decision — all at no cost.