GeoVera Insurance Group Review

Products and Packages

Tailored Protection for Catastrophe-Prone Homes

GeoVera isn’t trying to be all things to all people. Instead, they zero in on the homes most insurers shy away from—those vulnerable to hurricanes, high winds, vacancy risks, or tenant-related exposures. If your property doesn’t check the "easy to insure" box, GeoVera may be exactly what you need.

Homeowners Insurance (HO3)

Designed for primary residences, vacation homes, or properties used as rentals, GeoVera’s HO3 policies are structured around durability and catastrophe-readiness. Standout features include:

• Up to 120% Replacement Cost on Coverage A (for homes 24 years old or newer)
• 100% Replacement Cost for older homes
• $10,000 Water Damage Limit for homes 15+ years old
• Ordinance or Law Coverage options of 10% or 25%
• Screen Enclosure Options up to $15,000
• Loss of Use: Up to 20% of dwelling coverage
• Named Insured Flexibility: LLC and corporations allowed for some occupancy types

The roof system payout, however, is subject to a depreciation schedule for wind or hail losses, which could impact reimbursements.

Landlord Insurance (HO3 – Tenant Occupied)

If you rent out your property—even part time—GeoVera’s tenant-occupied coverage adds the protections landlords actually need, like:

• Loss of Rental Income
• Premises Liability Coverage
• Limited Personal Property Protection for items left in the home
• Tenant Negligence Clause: Up to 30% payout reduction if tenants aren’t insured

Keep in mind: if the home sits vacant for more than 30 days, some coverage could be excluded.

Vacant Home Insurance

Standard carriers typically reject vacant homes outright. GeoVera, on the other hand, offers dedicated coverage for them—acknowledging that sometimes homes are empty due to renovations, listings, or family transitions.

• Coverage for the structure
• 5% Personal Property limit included by default
• No Liability unless added as an endorsement
• Loss settlement capped at 100% of Coverage A

Ideal for homeowners waiting to sell, lease, or move in.

Wind-Only Insurance

Florida’s coastal and inland zones face increasing hurricane activity—and fewer carriers willing to write policies. GeoVera’s wind-only policy provides:

• Coverage specifically for windstorm and hail
• Available for homes as primary, seasonal, secondary, vacant, or rental
• Flexible deductibles from 3% to 20%
• Replacement Cost Options (up to 120% depending on age and occupancy)

If your current insurer canceled your policy due to storm exposure—or you’re rebuilding coverage after a non-renewal—this might be your best safety net.

Pricing & Premiums

GeoVera Insurance Premiums

Premiums That Reflect Real Risk

Let’s be candid—GeoVera isn’t aiming to be the cheapest. Their premiums skew higher than average, and that’s by design. When you specialize in covering homes others won’t touch—think coastal properties, wind-only risks, or vacant structures—the pricing naturally reflects that elevated exposure.

• Average Florida homeowners premium: ~$2,048/year
• GeoVera premiums: Often higher, especially for wind-only or vacant home policies

Why the bump in cost? Because GeoVera steps in where standard insurers step out—delivering targeted protection for scenarios that carry outsized financial risk.

It’s also worth noting that GeoVera operates as a non-admitted surplus lines carrier in Florida. This gives them the flexibility to craft unique policies, but it also means:

• Less regulation from the Florida Office of Insurance Regulation (OIR)
• Limited access to consumer grievance resolution through the state
• Potentially stricter or more variable claims terms

That said, if your home is in a high-risk zone and you need a reliable insurer who won’t flinch at hurricanes or long vacancies, that extra cost may be the price of peace of mind.

Discounts and Credits

GeoVera Advantage Insurance Services Discounts and Offers

A Few Ways to Chip Away at Your Premium

GeoVera doesn’t stack up quite like big-box insurers when it comes to deep discounts—but that’s largely because they focus on high-risk properties where pricing flexibility is limited. Still, there are a few meaningful ways to shave down your premium:

• Protective Devices Credit: Homes with burglar alarms, smoke detectors, or hurricane shutters may qualify for reduced rates. These systems lower risk—and GeoVera rewards that.
• Multi-Policy Discount: If you also need earthquake or wind-only coverage, bundling those policies with GeoVera might come with savings. Worth asking about when quoting.
• Claims-Free Discount: Been a while since you filed a claim? GeoVera may offer lower premiums if your recent insurance history is clean.

While these credits aren’t always enough to significantly offset a high-risk premium, they do help soften the cost—and every bit counts when insuring in catastrophe-prone zones like Florida.

Eligibility & Underwriting Requirements

Not Every Home Qualifies—But GeoVera Welcomes the Tough Ones

GeoVera specializes in insuring properties that other carriers often reject—but they still have some firm rules when it comes to eligibility. Before you get a quote, it helps to understand what kinds of homes they’re willing to write (and which are off the table).

Acceptable Homes

Your home may be eligible for coverage if it meets these criteria:

• Construction Type: Frame, masonry, or masonry veneer
• Year Built:
  • HO3 (standard homeowners): Built 1960 or later
  • Wind-Only policies: Built 1945 or later
• Property Size:
  • Up to 4 units for primary HO3 coverage
  • Up to 2 units for wind-only protection

Ineligible Risks

GeoVera draws the line at homes with elevated structural or claims risks. You likely won’t qualify if:

• The property needs repairs or shows deferred maintenance
• There have been more than two claims or $20,000+ in claims in the past 3 years
• It’s located in certain flood zones, such as FEMA AE, V, or VE, depending on foundation type
• The home has aluminum wiring (unless professionally modified), knob-and-tube, or fuse boxes

Other Considerations

Even for eligible homes, policyholders must agree to specific endorsements and sublimits, especially for:

• Water Damage Coverage: Often limited to $10,000 for homes over 15 years old
• Roof System Claims: Settled based on a depreciation schedule for wind or hail losses, not full replacement

These nuances can affect what you'll pay—and what you’ll recover—after a claim. That’s where working with a knowledgeable agent (like those at Worth Insurance) can really help.

Application Process

Applying with GeoVera: What to Expect

GeoVera keeps the application process relatively straightforward, especially considering the complexity of insuring high-risk properties. Everything flows through their dedicated portal, myGeoSource, which acts as the hub for quoting, binding, and managing your policy.

Here’s how it works:

1. Start with a Quote: You can begin online through GeoVera’s portal—or better yet, work with a licensed Florida agent to help tailor your quote and coverage options.
2. Submit Required Documents: Once you’re moving forward, you’ll need to upload a few key items:
   • Proof of ownership (like a deed or mortgage statement)
   • Any recent home inspections or risk mitigation details
   • Insurance history, if available
3. Choose Your Payment Plan: GeoVera offers several payment options depending on the policy type:
   • Full pay (often required for wind-only or vacant home policies)
   • 3-Pay or 4-Pay options for HO3 and landlord products
   • Monthly auto-draft, available with some products (requires enrollment in autopay)

The entire process can often be completed without ever picking up the phone—but for Florida homeowners navigating high-risk underwriting rules, a quick chat with Worth Insurance can help avoid surprises.

Customer Reviews & Service

GeoVera Insurance Company Customer Service

GeoVera earns praise for its:

• Responsive claims service, available 24/7
• Simple digital experience, including online payments
• Consistency in catastrophe response—especially noted during recent hurricanes and west coast earthquakes

But policyholders sometimes flag:

• High out-of-pocket costs for wind claims (due to roof depreciation schedules)
• Lack of clarity in what’s covered under different endorsements

How to Make a Payment

How to Make a Payment with GeoVera Insurance

Paying Your GeoVera Premium is Simple—Once You Know Where to Look

GeoVera uses the myGeoSource portal to manage all billing and payments. Whether you're paying in full or setting up installments, here’s what to expect:

What You’ll Need:

• Your policy number and the ZIP code tied to your insured property
• A valid payment method: ACH bank draft, Visa, MasterCard, or American Express

Payment Options:

• Full Pay – Most common for wind-only or vacant home policies
• Installment Plans – Available for HO3 and landlord coverage, including:
  • 3-pay or 4-pay options
  • Monthly payments, which require autopay enrollment

Once logged into myGeoSource, just head to the billing section, review your premium details, enter your payment info, and confirm. It’s quick, secure, and avoids the usual back-and-forth with paper invoices.

How to File a Claim

Filing a Claim with GeoVera: Here’s What Happens Next

When disaster strikes, GeoVera aims to make the claims process as efficient—and stress-free—as possible. You’ve got two ways to get started:

Option 1: Online via myGeoSource

1. Log into your account using your policy credentials
2. Navigate to the Claims Section and follow the prompts
3. Upload supporting documentation, such as:
   • Photos of the damage
   • Receipts for repairs or temporary expenses
   • A brief description of what happened

After submission, GeoVera will assign a claims adjuster who will:

• Review your claim
• Schedule an inspection if needed
• Walk you through the resolution process

Option 2: Phone Assistance

Prefer a human touch or dealing with urgent damage?
Call (800) 324-6020 to speak directly with a claims specialist. GeoVera’s phone line is staffed to help guide you through the process, step-by-step.

No matter which route you choose, quick documentation and clear communication are your best allies in speeding up claim resolution.

Key Competitors

Who Else Is in the Catastrophe Insurance Game?

If you’re shopping for homeowners insurance in Florida’s high-risk zones, GeoVera isn’t alone. Several private insurers offer competing products—each with its own strengths and blind spots.

Here’s who you’re likely to come across:

• Universal Property & Casualty Insurance Company: One of Florida’s largest carriers, Universal offers broad availability and policy flexibility, though customer satisfaction scores are mixed—especially when it comes to claims turnaround.
• Mangrove Insurance: A newer player focused exclusively on Florida. Mangrove combines AI-driven underwriting with reinsurance backing to deliver competitive wind and hurricane coverage. While still building a track record, it’s gaining attention in coastal areas.
• Tower Hill Insurance: Longstanding in the Florida market, Tower Hill offers layered coverage options and strong catastrophe endorsements. Policy terms and pricing can vary based on reinsurance load and recent storm activity.
• Heritage Insurance: Florida-based with a reputation for responsive claims handling and generous dwelling coverage options. Particularly strong in flood and wind protection, but rate hikes have been a concern.

Compared to these competitors, GeoVera carves out its niche with specialty offerings like vacant home coverage and stand-alone wind-only policies, making it a go-to for properties that fall outside standard eligibility.

Conclusion

Is GeoVera Right For You?

If you’re struggling to insure a Florida home due to wind or vacancy risks, GeoVera could be your best (or only) bet. They understand catastrophe exposure better than most, though their policies aren’t always the cheapest—or easiest to decode.

If you’d rather get expert help sorting through your options, Worth Insurance is here to make the process seamless. Request a quote today, and we’ll match you with a policy tailored to your property’s risks and your budget.