TypTap Insurance
TypTap Insurance, founded in 2016 and part of HCI Group, Inc., offers homeowners and flood insurance products with an 'A' rated financial stability.
Company History
TypTap Insurance was founded in 2016 and is funded by HCI Group, Inc. The company has developed a reputation in the insurance industry by offering a range of insurance products and services catering to homeowners and flood insurance. Over the years, TypTap has grown its presence and solidified its trustworthiness, evidenced by receiving an 'A' Exceptional Financial Stability Rating from Demotech, Inc.
Insurance Products and Services
TypTap Insurance specializes in offering homeowners insurance products underwritten by TypTap Insurance Company across its active states. Additionally, the company provides flood insurance products and services underwritten by Homeowners Choice Property & Casualty Insurance Company, Inc. These flood insurance offerings are available in Arkansas, California, Maryland, New Jersey, Ohio, Pennsylvania, South Carolina, and Texas.
Underwriting System
TypTap Insurance utilizes a modernized system that pre-underwrites homes, enabling quick and efficient homeowners insurance quotes. This technological approach allows for a streamlined underwriting process, helping potential homeowners secure the insurance coverage they need without extensive delays. The incorporation of advanced technology reflects TypTap's commitment to innovation in the insurance sector.
Coverage Limits and Customer Support
TypTap Insurance provides robust coverage limits for homeowners insurance. This ensures that customers can restore their lives quickly and effectively following incidents or loss. The company’s proactive approach to coverage aims to offer peace of mind and financial security to its clients, emphasizing the importance of comprehensive support and quick recovery in times of need.
Financial Stability
TypTap Insurance has received an 'A' Exceptional Financial Stability Rating from Demotech, Inc. This rating indicates the company's strong financial health and its ability to meet policyholder obligations. The high rating from a recognized entity like Demotech, Inc. signifies TypTap Insurance's reliability and stable fiscal management, reinforcing trust among its customers and stakeholders.