Florida is renowned for its stunning landscapes, beautiful coastal areas, and vibrant communities. However, behind the allure of our picturesque state lies a pressing issue that affects many homeowners - the alarming number of uninsured homes. According to recent statistics, approximately 15% of homes do not have Florida property coverage, a concerning reality that has left many homeowners vulnerable to unforeseen risks and financial hardships.
Why Are So Many Homes Without Florida Property Coverage?
The primary contributing factor to this crisis stems from the soaring cost of home insurance, effectively rendering coverage unattainable for a significant portion of Florida's population.
Florida’s property insurance market has been in disarray the past few years due to roof claim and litigation abuse. These abusive practices have been a primary driver in causing home insurance rates to skyrocket in our state. In 2023, Florida lawmakers passed legislation that will significantly help to reduce the incentive for frivolous lawsuits. However, there is still a huge backlog of lawsuits that will take a few years to settle that continue to factor into the rates we all pay.
Consequently, as rates continue to rise, many homeowners have been left with no choice but to forgo Florida property coverage, leaving their homes and possessions susceptible to many potential perils.
Hope for Struggling Florida Homeowners
However, amidst this disheartening scenario, there is a beacon of hope for Florida homeowners facing the dilemma of securing essential insurance coverage amidst financial constraints.
American Integrity Insurance has developed an alternative solution to help prevent homeowners from going without coverage. Our ValueGuard Property Insurance™ is a testament to our commitment to ensuring homeowners can protect their home against key risks without financial strain.
Key Features of ValueGuard Property Insurance:
- More Affordable Premiums: ValueGuard is designed to be more accessible, ensuring more homeowners can obtain essential insurance coverage.
- Core Peril Coverage: ValueGuard provides protection against key risks, including fire and windstorms (including hurricanes), giving peace of mind to Florida homeowners.
- Flexible Coverage Options: Homeowners can customize their ValueGuard policies with optional add-ons, enhancing coverage according to their unique needs and preferences.
- Dedicated Customer Support: Both American Integrity agents and our friendly customer service team are dedicated to delivering exceptional support to policyholders, offering guidance and assistance at every step.
- Streamlined Claims Process: In the event of a covered loss, ValueGuard policyholders can expect a prompt and efficient claims process, ensuring timely resolution and minimal disruption.
- Backed By a Financially Stable Company: With more than 17 years of serving Florida property insurance customers, American Integrity Insurance Group boasts a Policyholder Surplus of over $113M and has earned a remarkable “A” (Exceptional) Financial Stability Rating® from Demotech, Inc.
Thanks to ValueGuard, Florida homeowners now have the opportunity to safeguard their homes and possessions against essential risks at a more manageable price point.
“We understand the importance of affordable insurance protection for Florida homeowners, especially in the face of common risks such as hurricanes and fire,” said Bob Ritchie, CEO of American Integrity. “With ValueGuard Property Insurance, we provide essential coverage at a price that fits within our customers' budgets, allowing them to safeguard their homes with confidence.”
Affordable Florida Homeowners Insurance
As the narrative of Florida's uninsured homes crisis continues to unfold, it becomes increasingly important for homeowners to explore affordable and essential Florida property coverage. American Integrity Insurance’s ValueGuard Property Insurance is a beacon of hope, empowering homeowners to secure the essential coverage they need to protect their most valuable assets.
Through this proactive approach, homeowners can avoid going bare or being underinsured, and protect their home at an affordable cost. Talk to an American Integrity agent today to get a quote.