Monarch National Insurance Company Review

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Written by
Darren Craft

Monarch National Insurance offers Florida homeowners tailored insurance solutions designed to protect against the state's unique challenges. With Bronze, Silver, and Gold packages, they cater to diverse needs, covering everything from basic to comprehensive protection. Their strong financial rating, streamlined claims process, and focus on local Florida concerns make them a reliable choice for homeowners seeking peace of mind. However, potential customers should consider their limited geographic reach, lack of auto insurance, and varied customer feedback before making a decision.

Monarch National Insurance Pros and Cons

Choosing the right insurance provider is a balance of weighing the positives against the potential drawbacks. Monarch National Insurance offers a tailored approach to homeowners in Florida, providing a range of packages to suit various needs and preferences. Their commitment to customer service and financial stability is commendable.

Pros
Tailored coverage options
Financially stable
Efficient claims process
Local Florida focus
Online services
Cons
Limited to Florida
No auto insurance
Varied customer feedback
Specific package requirements
Limited discount information

Who it's for: Monarch National Insurance is ideal for Florida homeowners seeking tailored insurance solutions from a company that understands the local environment and offers a range of coverage options. It’s best suited for those who prioritize having insurance products designed to meet the specific challenges of living in Florida.

Financial Rating
A
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
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Monarch National Insurance promotional post

Monarch National Insurance Overview

Understanding the local climate's unpredictability, Monarch ensures your home is protected against hurricanes, floods, and more. Their A rating from Demotech signals strong financial health, promising swift claim resolutions. 

With a focus on Florida, they have honed their offerings to address the specific concerns of homeowners, such as water damage and personal liability, ensuring that your investment is safeguarded in the face of adversity.

  • Tailored insurance solutions for Florida homeowners
  • 24/7 online claim filing and streamlined claims process
  • Strong financial health with an A rating from Demotech
  • Coverage for hurricanes, floods, and other local challenges

Choosing the right insurance is crucial for protecting your Florida home against unpredictable elements. Monarch National Insurance understands these challenges and offers solutions designed to provide comprehensive protection and peace of mind.

If you’re seeking advice on the best coverage for your home, fill out our contact form. Let us guide you through selecting a policy that meets your needs, ensuring your home is well-protected with Monarch National Insurance.

Financial Summary

Item
Value
Net Admitted Assets
$54,499,319 (as of 3/31/22)
Policyholders Surplus
$18,464,721 (as of 3/31/22)
Gross Premiums Written
$15,318,561 (as of 3/31/22)
Net Premiums Writte
A Exceptional (Demotech)

Monarch National Insurance Products and Packages

Monarch National Insurance provides you, Florida homeowners, with tailored insurance policies for several types of insurance, ensuring you’re covered for the unexpected. They offer a range of packages, each designed with the unique challenges of Florida living in mind. You'll find options for owner-occupied homes, including coverage for personal belongings and liability.

These policies are crafted to address specific risks like hurricanes and floods, common in Florida. This means whether you own a home, condo, or rent, there’s a policy built for your circumstances, offering you the assurance you need in the face of Florida’s unpredictable weather.

  • 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

Bronze Package

The Bronze Package is an economical choice that covers the basics, protecting your home's structure and personal property. It's suited for homeowners prioritizing essential coverage while managing expenses. Ideal if you're looking to ensure fundamental protection against common risks without stretching your budget.

Silver Package

Opt for the Silver Package if you seek enhanced security. It builds on the Bronze level with additional coverage options, giving you a safety net against a broader range of incidents. This package strikes a balance between comprehensive protection and cost-effectiveness, fitting for those seeking extra peace of mind.

Gold Package

The Gold Package is Monarch insurance premium offering. It encompasses extensive protection, including safeguards against identity theft and dog liability, atop the standard coverage. Recommended for homeowners who desire a robust safety blanket for their property, this package ensures that you are well-prepared for a variety of risks.

Monarch National Insurance Premiums

Monarch National Insurance Company Financial Summary Table

Reporting Period
Net Admitted Assets
Policyholders Surplus
Gross Premiums Written
Net Premiums Written
3/31/2022
$54,499,319
$18,464,271
$15,318,561
$15,101,741
12/31/2021
$43,655,727
$20,256,054
$26,063,898
$20,398,924
12/31/2022
$40,236,980
$18,263,559
$20,819,708
$17,457,056

When considering insurance, the cost is a significant factor for you as a homeowner in Florida. Monarch insurance premiums reflect the comprehensive nature of their coverage, balancing affordability with the breadth of protection offered, especially against Florida's unique environmental threats.

Monarch insurance's tiered approach allows you to select a policy that aligns with your financial comfort zone. With Bronze, Silver, and Gold options, you can decide how extensive you want your coverage to be, ensuring you only pay for what you truly need.

  • Homeowners Insurance (HO-3): The HO-3 policy safeguards your home’s structure, personal belongings, and covers you for liability.
  • Condo Insurance (HO-6): For condo owners, the HO-6 policy is tailored to fit the unique needs of condo living.
  • Dwelling Fire Insurance (DP-3): If you own rental property or a non-owner occupied home, the DP-3 policy offers robust protection.
  • Renters Insurance (HO-4): Renters Insurance is essential if you lease your home. 

To accurately gauge the premium that fits your needs, fill in our contact form. We will provide you with a detailed breakdown of Monarch National Insurance premiums, ensuring your coverage is cost-effective and tailored specifically for your home in Florida.

Monarch National Insurance Discounts and Offers

Monarch National Insurance offers several discounts and offers to help Florida homeowners save on their insurance premiums:

Wind Mitigation Discounts: Monarch provides discounts to policyholders who have made updates to strengthen their homes against hurricane-force winds. The more wind-resistant features a home has, the higher the discount on the windstorm portion of the premium.

Discounts for New Construction: Homes built to the latest Florida Building Code (FBC) standards are eligible for discounts on their Monarch Insurance policies.

Discounts for Existing Homes: Older homes (built prior to 2002) can also qualify for wind mitigation discounts if they have the necessary protective features installed.

Special Deals for Citizens Insurance Customers: Homeowners currently insured with Citizens Insurance may be able to save on their premiums by switching to Monarch Insurance.

Tiered Coverage Options: Monarch National offers Bronze, Silver, and Gold insurance packages, allowing customers to choose the level of coverage that best fits their budget and needs.

Customer Service

When you need help, Monarch National Insurance is ready to lend a hand. With a simple call or a few clicks, their team is accessible to answer your questions and help with claims. If Monarch has sparked your interest, Worth Insurance is here too, ready to guide you to the right coverage.

  • Contact Monarch National Insurance at 1-800-293-2532 for direct assistance.
  • For online support, visit their website and use the customer portal.
  • To connect with Worth Insurance for personalized advice, fill out our contact form.
  • For immediate inquiries, call Worth Insurance directly at 561-463-5814.

Looking for tailored insurance advice? Reach out through our contact form. At Worth Insurance, we’re all about finding you a policy that fits just right, with Monarch National Insurance’s dependable customer service backing it up.

Eligibility & Underwriting Requirements

Before you get started with Monarch National Insurance, there's some groundwork to cover. They need to make sure they've got all the right details to tailor your policy perfectly. This means you'll have to have a few things ready to go, like proof of ownership and safety features of your property.

  • Proof of home ownership, like your deed or mortgage statement
  • Details on your home’s construction, such as the year built and materials used
  • Information on any security systems installed
  • A list of any safety features or recent home improvements

Documents Required

When setting up your policy, Monarch National Insurance asks for specific documents. It's just their way of making sure everything's in check, so you're covered from the get-go. You'll need to provide proof of who you are and what you own – it's pretty standard stuff.

  • Your valid ID, like a driver's license or passport
  • Documentation proving home ownership
  • Recent home inspection reports, if available
  • Details of your home’s security features

Application Process

Applying for Monarch National Insurance is a straightforward online process. You'll need to provide some details about your home and any specific needs you might have. It's all about matching you with the right policy that offers peace of mind, ensuring your home is protected against the unexpected.

Starting your application through Worth Insurance adds a layer of personal touch. Our easy-to-use form lets you quickly input your information, and then our team takes it from there, guiding you every step of the way. So why wait? Get a quote today and move closer to securing your home with confidence.

How to File a Claim

Filing a claim with Monarch National Insurance is structured to be as stress-free as possible, recognizing that you're likely going through a difficult time. They've streamlined their claims process to quickly get you the help and support you need. By offering multiple filing options, Monarch ensures that you can start the claims process at your convenience, ensuring a swift response to your situation.

Their dedicated team is ready to guide you through each step, emphasizing clear communication and support. This approach minimizes the hassle during a period that can often be overwhelming. If you need to file a claim, knowing the right steps can make all the difference in expediting your claim's processing and resolution.

  1. Contact Monarch National Insurance as soon as possible to report your claim. You can do this either by calling their claims department directly or by filing online through their website.
  2. Provide detailed information about the incident, including the date, time, and nature of the claim. Be prepared to describe the damage and any immediate actions you've taken.
  3. Gather any relevant documents or evidence, such as photos of the damage, police reports (if applicable), and a list of damaged or lost items.
  4. Review your policy to understand the coverage specifics and any deductible that applies to your claim.
  5. Schedule an assessment if required. Monarch may arrange for an adjuster to visit your property and assess the damage firsthand.
  6. Follow up regularly on your claim's status. Monarch's customer service can provide updates and next steps.

Remember, timely action and thorough documentation are key to a smooth claims process. If you're looking for insurance that supports you when it matters most, consider getting a quote from us. Monarch National Insurance prioritizes your peace of mind through every step of your insurance journey.

How to Make a Payment

Making a payment to Monarch National Insurance Company is designed to be hassle-free, ensuring you can quickly return to what matters most. Their system supports various payment methods, catering to your convenience. Whether you prefer online transactions or traditional mail, Monarch National has made sure the process is smooth and secure.

For those who value simplicity and speed, the online payment portal is a game-changer. It's accessible 24/7, meaning you can manage your payments on your schedule. Plus, if you ever have questions or need assistance, their customer service team is just a call or click away.

  1. Visit the Monarch National Insurance website and locate the 'Make a Payment' section.
  2. If you haven’t already, register for an online account using your policy number.
  3. Log in to your account.
  4. Select the policy you wish to make a payment on.
  5. Enter your payment details, choosing from a bank transfer, debit, or credit card.
  6. Review your payment for accuracy, then submit.

Remember, staying on top of your policy payments ensures continuous coverage, keeping your home protected without interruption. If you're looking to get started with Monarch National or have any inquiries about their payment process, filling out our quote form can connect you with the guidance you need.

How to File a Claim

Filing a claim with Monarch National Insurance Company is structured to be as stress-free as possible, recognizing that you're likely going through a difficult time. They've streamlined their claims process to quickly get you the help and support you need. By offering multiple filing options, Monarch ensures that you can start the claims process at your convenience, ensuring a swift response to your situation.

Their dedicated team is ready to guide you through each step, emphasizing clear communication and support. This approach minimizes the hassle during a period that can often be overwhelming. If you need to file a claim, knowing the right steps can make all the difference in expediting your claim's processing and resolution.

  1. Contact Monarch National Insurance as soon as possible to report your claim. You can do this either by calling their claims department directly or by filing online through their website.
  2. Provide detailed information about the incident, including the date, time, and nature of the claim. Be prepared to describe the damage and any immediate actions you've taken.
  3. Gather any relevant documents or evidence, such as photos of the damage, police reports (if applicable), and a list of damaged or lost items.
  4. Review your policy to understand the coverage specifics and any deductible that applies to your claim.
  5. Schedule an assessment if required. Monarch may arrange for an adjuster to visit your property and assess the damage firsthand.
  6. Follow up regularly on your claim's status. Monarch's customer service can provide updates and next steps.

Remember, timely action and thorough documentation are key to a smooth claims process. If you're looking for insurance that supports you when it matters most, consider getting a quote from us. Monarch National Insurance prioritizes your peace of mind through every step of your insurance journey.

Wrapping Up

Monarch National Insurance stands out as a committed partner for Florida homeowners, offering tailored insurance solutions that cater specifically to the challenges of the state’s unique environment. Their financial stability, comprehensive coverage options, and customer-focused approach make them a solid choice. If you're considering safeguarding your home in Florida, reaching out for a personalized quote could be the next best step towards peace of mind.

Get In Touch

1
Fill Out the Contact Form
Start by filling out our online contact form.

Provide your details and specific insurance needs, and a representative from Worth Insurance will reach out to you promptly to discuss how we can help you find the right coverage.
2
Schedule a Consultation
After submitting the form, schedule a consultation at a time that suits you.

This one-on-one session will allow us to understand your requirements better and offer personalized advice on choosing the best insurance policies for your Florida home.
3
Receive Your Tailored Insurance Plan
Following the consultation, we'll craft a tailored insurance solution that fits your needs and budget.

We aim to provide you with a seamless and informative journey towards securing the right coverage for your home in Florida.
Written by
Darren Craft
Writer, Insurance
Read more from author
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 makes Monarch National Insurance a good choice for Florida homeowners?

Monarch National Insurance specializes in policies tailored to the unique risks faced by Florida homeowners, including hurricanes and floods. They offer various coverage levels (Bronze, Silver, Gold) to fit your needs and budget.

Is Monarch National Insurance financially stable?

Yes, Monarch National Insurance has an A rating from Demotech,indicating excellent financial stability. This means they are well-equipped to handle claims promptly.

What types of insurance does Monarch National offer?

Monarch National focuses on Florida homeowners insurance,including coverage for owner-occupied homes, condos, rental properties, and renters insurance.

Do they offer any discounts or special offers?

Yes, they have a special offer for homeowners switching from Citizens Property Insurance Corp., potentially lowering your premium.

How can I get a quote for Monarch National Insurance?

You can fill out the contact form on our website, and we'll provide you with a personalized quote based on your specific needs and property.

What if I have a claim? How do I file it?

Monarch National makes filing claims easy. You can call their claims department directly or file online. They strive to make the process as smooth as possible during a stressful time.

Can you tell me more about their customer service?

Monarch National Insurance Company is known for its accessible customer service.You can reach them by phone or through their online portal for assistance with quotes, policy questions, or claims.

I have a specific question about Monarch National Insurance and Florida insurance regulations. Can you help?

While this FAQ covers general questions, we're happy to address your specific inquiry. Please contact us through our form or call us directly, and we'll provide the information you need.

Does Monarch National offer renters insurance in Florida?

Yes, Monarch National offers renters insurance (HO-4) as part of their range of policies tailored for Florida residents.

Why should I choose Monarch National over United Property & Casualty Insurance?

While both companies offer home insurance, Monarch National Insurance Company specializes exclusively in Florida. Their policies are designed with the state's unique weather patterns and risks in mind.