Florida has a new player in the insurance market for high-value homes and inland marine policies.
Universal Insurance Holdings Inc. recently announced that its wholly-owned subsidiary, American Platinum Property and Casualty Insurance Corp., had issued its first Florida homeowners’ policy.
American Platinum is offering homeowners multi-peril policies and inland marine insurance on homes valued in excess of $1 million.
The Fort Lauderdale, Florida-based Universal Insurance Holdings is not new to the Florida market. Its wholly-owned company Universal Property & Casualty Insurance Co. is the state’s second leading provider of homeowner coverage with 580,000 policies in-force, representing 9.5 percent of the market.
In addition to being licensed in Florida, Universal Property is licensed and actively writing policies in North Carolina, South Carolina, and Hawaii.
Topics Florida Homeowners
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