Insurance holding company offering residential and commercial property insurance through its subsidiaries, primarily in Florida.
Universal Insurance Holdings, Inc. operates as a prominent integrated insurance holding company within the United States, offering a comprehensive array of insurance products primarily tailored for personal residential coverage. Established in 1990 and headquartered in Fort Lauderdale, Florida, the company specializes in developing, marketing, and underwriting various insurance policies, including homeowners, renters/tenants, condo unit owners, and dwelling/fire insurance.
The core of Universal Insurance Holdings' business involves providing allied lines and additional coverages such as liability, personal property, and personal articles coverage. The company manages the entire insurance lifecycle, from policy administration and underwriting to claims processing and reinsurance negotiations. It leverages its expertise in actuarial sciences to ensure accurate risk assessment and pricing, aiming to deliver comprehensive protection and peace of mind to its policyholders.
Universal Insurance Holdings operates through a diversified distribution strategy, utilizing a network of independent agents and its direct-to-consumer online platform, Universal Direct. Through Universal Direct, homeowners can conveniently access quotes, purchase policies online, and manage their insurance needs efficiently. The company also enhances consumer education through Clovered.com, providing valuable insights and educational resources about homeowners' insurance policies to empower informed decision-making among consumers nationwide.