Florida Peninsula Insurance Company Review

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Written by
Darren Craft

Florida Peninsula Insurance was founded in 2005. The insurance company focuses on helping homeowners get the Florida property insurance that they need, mainly in Florida, where the home market has been incredibly unpredictable. 

Financial Rating
A (Exceptional)
NAIC
10132
NAIC Group
Florida Peninsula Holdings Group
Address
903 NW 65th Street, Suite 200, Boca Raton, FL 33487
Service Phone Number
Claims Phone Number
Jurisdictions
FL
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Florida Peninsula Insurance at a Glance

Florida Peninsula Insurance was founded in 2005. The insurance company focuses on helping homeowners get the Florida property insurance that they need, mainly in Florida, where the home market has been incredibly unpredictable. 

Let’s take a deeper look at the pros and cons of Florida Peninsula Home Insurance and what you need to know to make an informed insurance decision. 

What Type of Insurance Does Florida Peninsula Insurance Offer?

Florida Peninsula Home Insurance offers homeowners insurance as well as condo insurance. The carrier also offers renters and flood insurance to those living in Florida.  The company is a leading Florida home insurance carrier.

One of the most convenient parts of obtaining homeowners insurance from Florida Peninsula Insurance is that it offers 24/7 online claims reporting, which may be useful for those unfortunate incidents you need to report late at night or early in the mornings. 

What to Know about Florida Peninsula Insurance

With a financial stability rating of A from Demotech, the Florida Peninsula Insurance is considered one of Florida’s top 25 largest homeowners insurance companies as it holds 3.35% of the Florida homeowners insurance market share. 

But market share and company size aren’t enough to suggest an insurance carrier is the best for you and your family. 

Financial Summary Table

Reporting Period Net Admitted Assets Policyholders Surplus Gross Premiums Written Net Premiums Written
Reporting Period3/31/2022 Net Admitted Assets$1,536,724,250 Policyholders Surplus$1,536,724,250 Gross Premiums Written$1,536,724,250 Net Premiums Written$1,536,724,250
Reporting Period3/31/2021 Net Admitted Assets$1,536,724,250 Policyholders Surplus$1,536,724,250 Gross Premiums Written$1,536,724,250 Net Premiums Written$1,536,724,250
Reporting Period3/31/2020 Net Admitted Assets$1,536,724,250 Policyholders Surplus$1,536,724,250 Gross Premiums Written$1,536,724,250 Net Premiums Written$1,536,724,250

What Discounts Does Florida Peninsula Insurance Offer?

Florida Peninsula Insurance does offer a variety of discounts available to their policyholders. If you are installing features to your home to protect against hurricane damage and other extreme weather conditions in Florida, you may be eligible for insurance discounts.

Florida Peninsula Insurance Customer Service

Florida Peninsula Insurance offers hotlines for customer service and filing claims. With a fairly active social media presence (Twitter, Facebook, Youtube, LinkedIn, and even Pinterest), there are several ways to contact their customer support. 

Reporting Period Net Admitted Assets
Reporting PeriodLoyalty Net Admitted AssetsLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt
Reporting PeriodRoofing Material Net Admitted AssetsLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt
Reporting PeriodSenior Net Admitted AssetsLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt
Reporting PeriodPrior Insurance Discount Net Admitted AssetsLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt
Reporting PeriodFinancial Rating Net Admitted AssetsLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt
Reporting PeriodHome Renovation Net Admitted AssetsLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt
Reporting PeriodFinancial Rating Net Admitted AssetsLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt

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 is Florida Peninsula Insurance's average claim response time frame?

Florida Peninsula Insurance allows you to file claims through their website, fax, mail, or over the phone. The company promises to respond to claims within 24 hours of filing, and send an inspector to the property that is involved in the claim within 72 hours.

In Florida, insurance companies have a specific timeframe to settle a claim after it’s been filed, and they typically must make a decision for your claim within a 90-day period. Otherwise, you can file a dispute. 

Florida Peninsula Insurance closes 95% of its claims in fewer than 90 days from the date of the the claim. 

What is Florida Peninsula Insurance's claims process?

By calling the claims hotline at 866-549-9672, you can file a claim. There is also a customer portal available to policyholders. 

After a claim has been submitted, Florida Peninsula will assign you a claim number as well as an insurance adjuster to help you schedule an inspection. The claim can be tracked through the claims hotline or via the online customer portal. 

Does Florida Peninsula Insurance have good homeowners insurance?

As one of the largest Florida homeowners insurance companies, Florida Peninsula has been in the industry for more than 15 years. The company offers some affordable coverages on homeowners, condo, renters, and flood insurance, but from the abundance of customer complaints, they may not necessarily be the best choice for you.

What is Florida Peninsula Insurance's customer service availability?

Customer service for Florida Peninsula Insurance is available from Monday through Friday via a customer service hotline. You can call them at (877) 229-2244 during their business hours, 8:00 AM to 5:00 PM EST.

Does Florida Peninsula Insurance create a user-friendly experience for customers?

Florida Peninsula Insurance maintains an average rating of 3.2 stars on Google reviews and numerous poor customer reviews on Better Business Bureau (BBB), a lot of them due to increasing rates, unreliable quotes given by their negotiators, and difficulties with extending their coverage under Florida Peninsula.

Is Florida Peninsula Insurance a good insurance company?

If you can take full advantage of the numerous discount options they offer and want an insurance company with a long history and good financial security rating, Florida Peninsula Insurance might be an attractive option to you. 

Getting a quote for Florida Peninsula 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.