Monarch National Insurance Company at a Glance
Monarch National Insurance Company is a subsidiary of FedNat. It was established in 2015, while FedNat has been providing home insurance since 1992. The company offers various packages for homeowners and condominium insurance.
Monarch National has accreditation and an A+ rating on the Better Business Bureau (BBB).
What Type of Insurance Does Monarch National Insurance Company Offer?
Monarch Insurance Company offers homeowners and condo insurance in only one state: Florida. Its offering for Florida homeowners insurance comes in three tiers of packages with different add-ons: Bronze, Silver, and Gold.
Each of the packages comes with additional limits and protection for:
- Personal Property
- Personal Property Loss Settlement
- Jewelry and Furs
- Business Property
- Credit Card Fraud
- Refrigerated Personal Property
- Water Backup and Sump Pump Overflow
- Personal Liability
- Medical Payments
Values will vary depending on the package you choose. The more expensive the package, the better the coverage. The Gold Package also had Identity Fraud Coverage and Dog Liability Coverage.
What to Know about Monarch National Insurance Company
Monarch National Insurance is a subsidiary of FedNat Insurance, which has been underwriting homeowners policies in Florida for decades now. Monarch National is a fairly new company and is a fresh entrant to the Florida insurance market, but it shares a website and team with FedNat.
It is useful to know that FedNat has had financial trouble in recent years in Florida – it has cancelled thousands of homeowners policies in the state.
What Discounts Does Monarch National Insurance Company Offer?
If you’re interested in holding a policy with Monarch National Insurance, it may be a good idea to ask your agent what discounts you may be eligible for. Discounts can help you lower your insurance premium. Another option you can take is to seek a quote online with Worth Insurance, where you can quickly get competitive quotes from top Florida insurance carriers.
Monarch National Insurance Company Customer Service
If you want to file a claim, you can do so by either going online to the FedNat website or calling the claims department at 800-293-2532. New property claims can be made 24/7.