Jane Dotson
American Strategic Insurance (ASI) offers homeowners insurance in Florida. ASI's policies cover a range of perils, including fire, theft, and natural disasters. The company has a strong financial strength rating and was one of the few Florida-specific homeowners insurance carriers recommended as stable by AM Best Co. ASI's catastrophe team provides additional support during disasters, and policyholders can customize their coverage to fit their needs, choosing options like personal property replacement cost and water backup coverage.
| Characteristics | Values |
|---|---|
| Company Name | American Strategic Insurance (ASI) |
| Coverage | Fire, theft, natural disasters, flood insurance through the National Flood Insurance Program (NFIP) |
| Additional Coverage Options | Personal property replacement cost, water backup coverage, identity theft protection, increased limits on jewelry and personal injury |
| Discount Options | Security system, bundling policies with auto insurance |
| Customization | Deductible amount, coverage limits |
| Financial Strength Rating | A (Excellent) by AM Best Co. |
| Awards and Accreditations | Florida Trend Magazine's "Florida's Best Companies to Work For", Tampa Bay Times "Top Work Places", Better Business Bureau Accredited Business with an A+ rating |
| Catastrophe Response | Mobile Claims Center deployed during floods, hail storms, hurricanes, tornadoes, and wildfires |
| Headquarters | Campus built to withstand a Category 5 hurricane, located in Pinellas County, Florida |
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What You'll Learn
ASI's financial strength and stability
American Strategic Insurance (ASI) was formed in 1997 and is headquartered in St. Petersburg, Florida. ASI offers a variety of property and casualty insurance policies, including homeowners insurance, renters insurance, condo insurance, flood insurance, and more. The company has experienced rapid growth and now offers policies in 27 states. ASI functions as an insurance group with multiple insurance companies under the parent company ARX Holding Corp. Progressive Insurance is a controlling shareholder of ARX Holding Corp, acquiring ASI in 2015 for $875 million.
ASI has earned recognition for its treatment of employees, featuring on Florida Trend Magazine's list of "Florida's Best Companies to Work For" and the Tampa Bay Times' list of "Top Workplaces." ASI's financial strength and stability are reflected in its ratings and the backing of its parent company. It has an A+ rating from AM Best, indicating a "Superior" financial condition. The company's strong financial backing as a subsidiary of Progressive Insurance contributes to its stability and makes it a reliable option for insurance.
Despite its strong financial position, ASI has received mixed reviews for its customer service and satisfaction. ASI operates through independent insurance agents and has a reputation for poor customer service, with an above-average number of complaints. However, the company offers competitive rates for Florida home insurance, with an average price of $2,356 per year for a $300,000 dwelling coverage policy, which is 32% less than the average in the state. ASI also provides various discounts and coverage choices that can help customers obtain better rates.
In the event of a disaster, ASI's Catastrophe Team deploys its Mobile Claims Center, a motor home that can assist customers during floods, hail storms, hurricanes, tornadoes, and wildfires. ASI's comprehensive property and liability coverage, coupled with its financial stability, position it as a reliable choice for homeowners insurance, protecting their investments, belongings, and financial well-being.
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ASI's Catastrophe Team and Mobile Claims Center
American Strategic Insurance (ASI) offers a range of Property & Casualty insurance policies, including homeowners insurance, which covers a wide range of perils such as fire, theft, and natural disasters. ASI's Catastrophe Team and Mobile Claims Center are crucial components of their disaster response, providing on-the-ground support to customers affected by catastrophic events.
The ASI Mobile Claims Center is a motor home that can be swiftly deployed to areas impacted by floods, hail storms, hurricanes, tornadoes, and wildfires. This mobile facility enables ASI's claims professionals to establish a physical presence in affected communities, offering much-needed assistance to policyholders navigating the claims process in the aftermath of a disaster.
ASI's Catastrophe Team is comprised of dedicated claims professionals who are trained to handle catastrophic claims. They work in tandem with the Mobile Claims Center, providing expertise and support to policyholders as they navigate the complexities of disaster recovery. This team's primary objective is to help customers recover from unexpected events, ensuring they receive the assistance and guidance needed to get back on their feet as quickly as possible.
The team's catastrophe response capabilities include active monitoring of weather and claim activity, allowing them to anticipate and coordinate their response as situations develop. ASI's large workforce enables them to have employees readily available to assist during large-scale catastrophes. Additionally, they can provide strategic support by coordinating emergency housing for families and arranging water mitigation and other necessary services.
ASI's comprehensive approach to homeowners insurance, coupled with their specialized Catastrophe Team and Mobile Claims Center, demonstrates their commitment to supporting policyholders through all stages of the insurance process, especially during challenging times following natural disasters or unforeseen events. By offering a total package of home insurance protection, ASI ensures that customers receive the assistance they need to recover and rebuild.
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Customisable policy structure
American Strategic Insurance (ASI) offers customisable policy structures for homeowners in Florida. ASI's policies are designed to protect homeowners' investments and provide peace of mind. The company understands that every homeowner has unique needs, and thus offers flexibility in their policy structure.
ASI's customisable policy structure allows policyholders to choose the coverage that best suits their individual requirements. For instance, homeowners can select the perils they want to be covered against, such as fire, theft, or natural disasters. This flexibility ensures that policyholders only pay for the coverage they need, making it a cost-effective option.
Additionally, ASI enables policyholders to customise their deductible amount. A deductible is the amount a policyholder must pay out of pocket before their insurance coverage begins contributing. By allowing policyholders to choose their deductible amount, ASI provides them with control over their financial obligations in the event of a claim. This feature is particularly beneficial for those who want to manage their finances effectively and minimise potential out-of-pocket expenses.
ASI also offers a range of additional coverage options to further tailor the policy to the homeowner's needs. These options include personal property replacement cost, increased limits on valuable items such as jewellery, and personal injury coverage. Policyholders can also add endorsements to their policies, such as water backup coverage and identity theft protection. These customisation options ensure that homeowners can create a comprehensive policy that addresses their specific concerns and provides enhanced protection.
The customisable policy structure offered by ASI empowers Florida homeowners to design an insurance plan that aligns with their unique circumstances. By selecting the coverage types, deductible amounts, and additional options that best suit their needs, policyholders can feel confident that their homes and belongings are adequately protected. ASI's flexibility and customer-centric approach to insurance enable homeowners to make informed choices and create a safety net that provides security and peace of mind.
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ASI's additional coverage options
ASI, or American Strategic Insurance, offers a variety of Property & Casualty insurance policies, including home, condo, renters, seasonal, flood, and umbrella coverage. ASI's home insurance policies cover a range of perils, including fire, theft, and natural disasters, and policyholders can choose the coverage that best suits their needs. ASI also offers various additional coverage options, such as:
- Replacement cost on personal property
- Increased limits on jewelry and personal injury
- Water backup coverage
- Identity theft protection
- Umbrella coverage
- Flood insurance through the National Flood Insurance Program (NFIP)
ASI's Catastrophe Team provides additional support during disasters, deploying a Mobile Claims Center to assist customers in recovering from floods, hail storms, hurricanes, tornadoes, and wildfires. ASI's independent insurance agents work with multiple carriers to tailor coverage solutions to each customer's unique needs, budget, and risk tolerance. ASI policyholders can also choose their deductible amount and customize their policy structure to fit their specific requirements.
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ASI's bundling policies
ASI, or American Strategic Insurance, offers a variety of Property & Casualty insurance policies, including homeowners insurance. ASI's home insurance policies cover a range of perils, such as fire, theft, and natural disasters, and provide both comprehensive property and liability coverage. Policyholders can also choose from various additional coverage options, such as personal property replacement cost, water backup coverage, and identity theft protection.
ASI may offer discounts to policyholders who bundle their insurance policies. While it is not explicitly stated that ASI offers bundling discounts, many home insurance providers do, and ASI may follow suit. By bundling your home and auto insurance policies with the same company, you may be able to take advantage of a multipolicy discount and lower your overall insurance costs.
Bundling insurance policies can provide several benefits to homeowners in Florida. Firstly, it can help to streamline your insurance coverage by having all your policies with one company, making it easier to manage and review your policies. Additionally, bundling can often result in cost savings. As mentioned earlier, bundling discounts are common among insurance providers, and by combining your home and auto insurance policies, you may be able to secure a lower premium.
In Florida, homeowners face unique challenges due to the state's climate and weather conditions, including high winds, torrential downpours, and hurricanes. ASI's home insurance policies can provide coverage for these types of events, and their Mobile Claims Center can assist customers in the event of a disaster, helping them recover from unexpected incidents. By bundling your home and auto insurance with ASI, you can benefit from their comprehensive coverage and specialized services while potentially saving on your insurance costs.
Overall, ASI offers a range of insurance products, including homeowners insurance, and while they may offer bundling discounts, it is important to contact ASI directly or review their policies to understand the specific discounts and coverage options available.
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Frequently asked questions
ASI homeowner insurance in Florida covers a range of perils, including fire, theft, and natural disasters. It also offers flood insurance, which is crucial for homeowners in flood-prone areas. ASI's catastrophe team can be deployed during floods, hail storms, hurricanes, tornadoes, and wildfires.
ASI has a strong financial strength rating of A (Excellent) by AM Best Co. In a financial stability rating specific to Florida homeowners insurance carriers, ASI was one of only two private corporations recommended as stable.
To make changes to your ASI insurance policy, such as updating coverage limits or adding endorsements, contact your ASI agent or customer service representative. You can also discuss any potential cancellation fees or refund eligibility with them.
