Olympus Insurance is a company that provides various services for homeowners in Florida. These include quality home insurance products, excellent customer service, and peace of mind. Moreover, the company offers a Demotech A (Exceptional) rating and financial strength.
Demotech A (Exceptional) rating
Olympus Insurance is an insurance company located in Orlando, Florida. The company is a member of the Better Business Bureau. It provides scheduled personal property insurance and flood insurance. In December 2022, it earned a BBB+ rating from Kroll Bond Rating Agency.
Olympus Insurance Company has agents deployed throughout the state. They sell premiums to the customers and provide customer service within the local community.
As of the end of 2016, the company had 5880 policies in force and had 14 complaints. Olympus Insurance has also gotten BBB+ ratings from Kroll Bond Rating Agency.
Olympus is a part of the Better Business Bureau and has been rated A+ by Demotech, Inc. An “A+” signifies a strong financial outlook. This rating is awarded to insurers that are financially sound and have a positive surplus to policyholders 18 months after being rated.
After Hurricane Irma, Olympus Insurance responded appropriately. Olympus currently maintains a 1.46 percent market share of Florida’s homeowner’s insurance industry.
BBB+ financial strength rating
Olympus Insurance is a Florida-based property and casualty insurance provider. Their product range includes auto insurance, homeowners insurance, and flood insurance. They have an extensive distribution system through independent agents. In addition, they offer scheduled personal property, fire, and allied lines.
In the past twelve months, six complaints have been closed against Olympus Insurance. This means the company is doing an excellent job of responding to customer needs. The company also takes the initiative to provide complete transparency of its operations.
Olympus Insurance has been offering insurance for Florida homes for nearly a decade. The company specializes in homeowner’s insurance and has a long history of being a leader in the industry. It also has an impressive brand that customers can trust.
Olympus Insurance has been a member of the BBB+ since December 2022. It has received the BBB+ rating from Kroll Bond Rating Agency, which assigns financial strength ratings to insurance companies.
Olympus is also a member of the Better Business Bureau. The BBB has rated them based on their financial stability and customer complaint ratio.
Coverage options for Florida homeowners
The Florida home insurance market is undergoing rapid changes, with some insurers trying to reduce prices. Olympus Insurance has been a part of this industry since 2007. It offers a range of products for Florida homeowners.
Olympus offers insurance for condos, rental condominiums, and owner-occupied homes. Their website has an online quoting system. You can enter your zip code to receive quotes from nearby agents.
Olympus also provides auto insurance coverage. They offer add-ons for water damage. This company has a good financial rating, which may be necessary during a large-scale natural disaster.
The company is also affiliated with the Better Business Bureau. During hurricane season, homeowners should contact their local agent.
In addition to various home insurance products, Olympus offers scheduled personal property coverage. This type of coverage provides more comprehensive protection than a standard home insurance policy. Some items covered include fine jewelry, musical instruments, and luxury furnishings.
Olympus is an independent company that sells its products through a network of independent agents. Currently, the company maintains 1.46 percent of the Florida homeowners insurance market.
Lawsuit against the company
Olympus Insurance Company is a company that writes property insurance in Florida. It was founded in 2007 and currently insures $40 billion in residential properties. In 2016, the company was awarded the Better Business Bureau’s highest rating of A+. However, recently, Olympus has seen its financial stability rating change.
After several hurricanes, the Florida insurance market suffered. As a result, many major insurance companies ceased to operate in the state. This allowed small local insurance companies to step into the fray. These companies, like Olympus Insurance, have helped to lower premiums.
However, Olympus Insurance recently encountered legal trouble. In February, the company was sued. The lawsuit claimed the company was violating Florida law.
According to Florida case law, if an insured is denied a claim, the insured has the right to sue. However, this is not always the case. Many people do not realize that their insurance requires proof of loss. If the insured cannot provide this proof within sixty days, the claim may be rejected.