Orlando Harmon
American Strategic Insurance (ASI), founded in 1997, offers flood insurance policies to its customers. ASI's flood insurance policies cover damage caused by flooding, which is not usually covered by standard home insurance policies. ASI policyholders can customise their policies by adding or removing coverage options as needed. For instance, they can add flood insurance if they live in a flood-prone area. ASI also offers a range of other insurance products, including home insurance, condo insurance, renters insurance, dwelling insurance, fire insurance, and umbrella coverage.
| Characteristics | Values |
|---|---|
| Company Name | American Strategic Insurance (ASI) |
| Year Founded | 1997 |
| Headquarters | St. Petersburg, Florida |
| Parent Company | ARX Holding Corp |
| Subsidiaries | American Strategic Insurance Corp., ASI Assurance Corp., ASI Preferred Insurance Corp., ASI Select Insurance Corp., ASI Lloyds, American Capital Assurance Corp., ACA Home Insurance Corp. |
| Services | Homeowners Insurance, Dwelling Insurance, Renters Insurance, Condo Insurance, Commercial Property Insurance, Flood Insurance, Umbrella Coverage |
| Coverage Options | Standard Coverage, Flood Endorsement, HomeShield Package, Replacement Cost Coverage, Loss Assessment Coverage, Identity Theft Protection, Water Backup Coverage |
| Discounts | Bundling Home and Auto Insurance, Pay Annual Policy in Full, Maintaining Personal Umbrella Policy, Security System, Low-Risk Customer |
| Customer Service | Poor Reviews, High Number of Complaints |
| Financial Strength Rating | A (Excellent) by AM Best Co. |
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What You'll Learn
ASI flood insurance policies
ASI, or American Strategic Insurance, was founded in 1997 and is headquartered in St. Petersburg, Florida. The company offers flood insurance policies to its customers, which are provided through the National Flood Insurance Program (NFIP). Flood insurance is not typically included in standard home insurance policies, so it must be added on separately. ASI policyholders can customise their policies by adding or removing coverage options as needed. For instance, they can add flood insurance if they live in a flood-prone area.
ASI's flood insurance policies cover damage caused by flooding. Policyholders can also choose from a range of additional coverage options, such as personal property replacement cost, water backup coverage, and identity theft protection. ASI also offers umbrella coverage, which provides additional liability coverage beyond the limits of a policyholder's primary insurance policies.
ASI's homeowners insurance policies are generally considered to be moderately to highly priced, and the company has received poor marks for its coverage options and customer service. However, ASI has a strong financial backing as a majority-owned subsidiary of Progressive Insurance, and it has a strong financial strength rating of A (Excellent) by AM Best Co.
ASI's Catastrophe Team can be deployed during floods, hail storms, hurricanes, tornadoes, and wildfires to help customers recover from unexpected disasters. The company also offers a range of other insurance products, including home insurance, condo insurance, renters insurance, dwelling insurance, fire insurance, and umbrella coverage. ASI's policies are sold through over 7,000 appointed independent agencies, and the company operates in 27 states across America.
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Customization options
American Strategic Insurance (ASI) offers a range of insurance products, including home insurance, condo insurance, renters insurance, dwelling insurance, fire insurance, flood insurance, and umbrella coverage. ASI policyholders can customize their policies by adding or removing coverage options as needed.
ASI's flood insurance policies, offered through the National Flood Insurance Program (NFIP), cover damage caused by flooding, which is typically not covered by standard home insurance policies. ASI policyholders who live in flood-prone areas can add flood insurance to their existing policies. They can also add loss assessment coverage to protect against having to pay out of pocket for expenses related to an insurance claim.
ASI also offers replacement cost coverage, which ensures that policyholders receive the full value of their belongings if they are damaged or destroyed. Other additional coverage options include personal property replacement cost, water backup coverage, and identity theft protection. ASI policyholders can also add liability coverage to protect against lawsuits if someone is injured on their property.
ASI's umbrella coverage provides additional liability coverage beyond the limits of a policyholder's primary insurance policies and is available in select states. ASI also offers increased limits on jewelry and personal injury coverage for homeowners insurance. ASI policyholders should understand their policy's structure and coverage limits and can contact ASI directly or their insurance agent for more information.
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ASI's financial stability
ASI, or American Strategic Insurance, offers flood insurance policies through the National Flood Insurance Program (NFIP). Flood insurance covers damage caused by flooding, which is typically not covered by standard home insurance policies. ASI policyholders can customise their policies by adding or removing coverage options as needed. For instance, they can add flood insurance if they live in a flood-prone area.
ASI was founded in 1997 and acquired by Progressive in 2015. The company is one of the 18 largest homeowners insurance carriers in America, offering policies in 27 states. ASI functions as an insurance group with multiple insurance companies under one common umbrella. ASI offers a range of insurance products, including home insurance, condo insurance, renters insurance, dwelling insurance, fire insurance, flood insurance, and umbrella coverage.
ASI's financial services focus on building wealth and changing lives by offering expert guidance and comprehensive solutions. They emphasise the importance of maintaining a sustainable emergency fund to provide financial resilience, debt management, and flexibility in dealing with unexpected expenses. ASI also offers income protection, providing financial security and peace of mind by replacing a portion of the insured's income if they are unable to work due to illness or injury. This helps maintain career continuity and can be customised to suit specific needs.
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ASI's customer service reputation
ASI, or American Strategic Insurance, offers flood insurance policies through the National Flood Insurance Program (NFIP). Flood insurance covers damage caused by flooding, which is typically not covered by standard home insurance policies. ASI policyholders can customise their policies by adding flood insurance if they live in a flood-prone area.
ASI, founded in 1997, is one of the 18 largest homeowners insurance carriers in America, offering policies in 27 states. The company was acquired by Progressive in 2015. ASI prides itself on three key components: a positive and respectful attitude, speed in improving processes and business strategies, and constant innovation.
ASI's website states that many claims will be resolved within 10 to 30 days of the initial report. Policyholders can file claims online or by calling ASI's claims department. In the event of a disaster, ASI's Catastrophe Team deploys a Mobile Claims Center to assist customers. ASI's home insurance provides comprehensive property and liability coverage, with additional coverage options available, such as replacement cost on personal property and increased limits on jewellery and personal injury.
ASI provides multiple methods for customers to reach a representative, including online chat functionality, social media presence on Facebook and Twitter, and the MyAsus app. While ASI's customer service representatives are described as polite and willing to assist, there is room for improvement in their product knowledge and issue resolution.
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ASI's bundling discounts
ASI, or American Strategic Insurance, offers flood insurance policies through the National Flood Insurance Program (NFIP). Flood insurance covers damage caused by flooding, which is not typically covered by standard home insurance policies. ASI policyholders can customise their policies by adding flood insurance if they live in a flood-prone area.
ASI offers bundling discounts for customers who already have car insurance with the company and choose to purchase their condo or renter's insurance through ASI as well. ASI also offers other discounts, such as multi-policy discounts, protective device discounts (e.g. alarms and sprinkler systems), new home discounts, and more.
ASI was founded in 1997 and acquired by Progressive in 2015. The company offers policies in 27 states and provides insurance for homes, renters, condos, and floods, as well as additional coverage options like replacement cost on personal property, increased limits on jewellery and personal injury, and umbrella coverage. ASI prides itself on three key components: a positive and respectful attitude, speed in improving processes and business strategies, and constant innovation.
ASI's website states that many claims will be resolved within 10 to 30 days of the initial report, and the company's Catastrophe Team can be deployed during floods, hail storms, hurricanes, tornadoes, and wildfires to help customers recover.
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Frequently asked questions
No, flood insurance is generally not included in ASI homeowner's insurance policies. However, you can purchase it as an add-on through the National Flood Insurance Program (NFIP).
Contact an ASI agent to customize your policy with the necessary add-ons.
ASI flood insurance policies cover damage caused by flooding, which is not typically covered by standard home insurance policies.
