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.
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.
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.
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 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.
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.
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.
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.
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.
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.
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.
