Security First Insurance
Security First Insurance is a medium-sized insurance company founded in 2005, headquartered in Ormond Beach, Florida. The company specializes in homeowners, renters, condo, and rental property insurance, and is recognized for its strong financial stability and award-winning technology.
Company Overview
Security First Insurance was founded in 2005 and operates within the insurance industry. The company is headquartered in Ormond Beach, Florida, and employs a team of 349 individuals, categorizing it as a medium-sized business. Security First Insurance specializes in various types of insurance products, particularly focusing on homeowners, renters, condo, and rental property insurance tailored for the Florida market.
Insurance Products
Security First Insurance offers a range of insurance products, including Premier Home Insurance, Signature Home Insurance, Condo Insurance, Renters Insurance, Dwelling Basic, Dwelling Flex, and Landlord Flex. The company provides coverage for personal property at replacement cost, ensuring no depreciation deductions. Optional coverages include Equipment Breakdown, Service Line Coverage, and Identity Theft Protection. The company also offers a Roof Surfaces Payment Schedule Endorsement, which can save customers an average of 5% on insurance premiums.
Awards and Recognition
Security First Insurance has received several accolades, including being awarded the overall pick for home insurance in Florida for 2023 by MarketWatch Guides Home Team. The company has also been recognized as the Top Choice for Hurricane Protection in Florida for 2022, 2023, and 2024. Additionally, it is a three-time Florida Trend award winner for Best Companies to Work For in Florida during the years 2015, 2016, and 2017.
Technology and Services
Security First Insurance is nationally recognized for developing award-winning technology. The company offers a mobile app that facilitates policy management and allows for quick payment of home insurance invoices. It also provides a pre-paid debit card for immediate access to funds for additional living expenses after a covered loss. Furthermore, the company has a First Choice Repair Network®, which includes over 100 licensed and insured Florida contractors.
Financial Stability
Security First Insurance holds a Financial Stability Rating of 'A' (Exceptional) from Demotech, indicating strong financial health. The company has $930 million in reinsurance, which supports its ability to manage claims and provide coverage. Additionally, it offers discounts for various factors, including wind mitigation features, policyholder age, secured communities, and alarm systems.