Lighthouse Insurance: Carrier Or Not?

Lighthouse Insurance is a leading web-based insurance brokerage that allows insurance companies to compete for consumers' business. Lighthouse Insurance Agency is not bound by just one carrier and represents several carriers, including Auto-Owners Insurance, Foremost Insurance Group, Hanover Insurance Group, Indiana Farmers Mutual, Progressive Insurance, and The Main Street America Group. Lighthouse offers a broad range of personal and commercial insurance products, including auto, homeowners, motorcycle, and boat/PWC insurance. They have been in business since 1983 and are family-owned and operated. Lighthouse Insurance provides consumers with accurate, real-time auto, home, and commercial insurance quotes and allows them to compare multiple rate offerings side-by-side. In addition to insurance brokerage services, Lighthouse also provides resources and guidance to its customers, such as information on filing a flood insurance claim and preparing for natural disasters.

Lighthouse Insurance Agency represents several carriers

Lighthouse Insurance Agency is not bound by just one carrier. Instead, it represents multiple carriers, including Auto-Owners Insurance, Foremost Insurance Group, Grange Insurance, Hagerty, Hanover Insurance Group, Indiana Farmers Mutual, Pekin Insurance, Progressive Insurance, Rockford Mutual Insurance Company, Safeco, The Hartford, and The Main Street America Group. By representing a variety of carriers, Lighthouse Insurance Agency can offer its customers a range of coverage options that cater to their unique needs and budgets. This flexibility allows Lighthouse to accommodate their clients even as their life circumstances change over the years.

Lighthouse Insurance Agency is a leading web-based insurance brokerage that empowers its customers by facilitating competition among insurance companies. This competitive environment drives down premiums and improves coverage, benefiting the consumer. Lighthouse has been operating since 1983 and is family-owned and operated. The company offers a wide array of personal and commercial insurance products, including auto, homeowners, motorcycle, boat/PWC, business auto, business owners' policies, commercial general liability, property coverage, workers' compensation, and disability insurance.

Lighthouse Insurance Agency's unique approach prioritises consumer privacy and provides accurate, real-time quotes from multiple carriers. Their proprietary comparative rating engine enables insurance companies to compete for their clients' business, allowing customers to compare multiple rate offerings side-by-side. This transparent process ensures that consumers can make informed decisions about their insurance choices.

In addition to working with national carriers, Lighthouse Insurance Agency also partners with several regional carriers. This includes companies like Maidstone, Interboro, UPC, Kingstone, and Utica First. By collaborating with a diverse range of insurance providers, Lighthouse expands the options available to its customers, making it easier to find the right coverage at the right price.

Lighthouse Property Insurance Corporation, a subsidiary of Lighthouse, is authorised to write policies in Louisiana, Texas, North Carolina, and South Carolina. It offers various insurance products, including homeowner's, condo, renters, flood, and dwelling fire insurance policies. Lighthouse is dedicated to providing residents in these states with the best possible service, helping them navigate the unexpected and protect their homes and families.

Lighthouse Property Insurance Corporation's acquisition of Prepared Insurance Company

Lighthouse Insurance Agency represents several carriers and offers a range of insurance services, including property, casualty, and home insurance. Lighthouse Property Insurance Corporation (Lighthouse) is a Louisiana-domiciled property and casualty insurance carrier that is authorised to write policies in Louisiana, Texas, North Carolina, and South Carolina.

On March 13, 2020, Lighthouse announced its plans to acquire its sister carrier, Prepared Insurance Company (Prepared), from Prepared Holdings Group. Prepared is a Florida-domiciled property and casualty insurance carrier authorised to write in Florida and Louisiana. The acquisition was expected to create a unified Southeastern carrier with $275 million in revenue.

Patrick White, the controlling shareholder in Lighthouse, had initially acquired a majority interest in Prepared in 2017 and served as the CEO of both carriers. White stated that the acquisition would benefit Prepared policyholders and investors, given the challenges in the Florida homeowners insurance market. Under the Plan of Operations, Lighthouse assumed Prepared's portfolio and assets and took on its liabilities. The resultant carrier, including Lighthouse Excalibur Insurance Company (acquired by Lighthouse in May 2019), had a statutory surplus of over $45 million and covered approximately 175,000 homes in the Southeast region.

Lighthouse, established in 2008, has consistently expanded its operations, revenue, and capital base, increasing its statutory surplus annually. It holds a Financial Stability Rating of A, Exceptional, from Demotech, Inc., and an A+ Accreditation with the Better Business Bureau. The acquisition of Prepared Insurance Company further solidified Lighthouse's presence in the Southeastern insurance market.

Lighthouse's insurance products

Lighthouse Insurance Agency is a web-based insurance brokerage that offers a wide range of insurance products to its customers. The company represents several carriers, allowing them to find the best coverage for their customers' needs and budgets. Lighthouse Insurance provides a unique service by allowing insurance companies to compete for their customers' business, resulting in lower premiums and improved coverage.

Personal Insurance Products

Lighthouse offers a variety of personal insurance products to cater to individuals' diverse needs. These include:

• Auto insurance: Lighthouse provides auto insurance coverage, allowing individuals to protect themselves against financial losses in the event of vehicle-related incidents.
• Homeowners insurance: This type of insurance safeguards individuals' homes and personal property against various risks, such as damage, theft, or liability claims.
• Motorcycle insurance: Motorcycle enthusiasts can rest easy with Lighthouse's motorcycle insurance, which offers financial protection in case of accidents or other unforeseen events involving their bikes.
• Boat/PWC insurance: For those who enjoy spending time on the water, Lighthouse provides insurance coverage for boats and personal watercraft, ensuring peace of mind during their aquatic adventures.

Commercial Insurance Coverage

In addition to personal insurance, Lighthouse also offers a comprehensive range of commercial insurance options to protect businesses and their assets:

• Business auto insurance: This coverage is designed for vehicles owned and operated by businesses, ensuring they are protected in case of accidents or other vehicle-related incidents.
• Business owners' policies: Lighthouse helps business owners protect their investments with comprehensive coverage tailored to their specific needs.
• Commercial general liability: This insurance safeguards businesses from financial losses due to liability claims, providing coverage for incidents that may occur on their premises or during business operations.
• Property coverage: Lighthouse offers insurance for commercial properties, protecting businesses from losses due to damage, theft, or natural disasters.
• Workers' compensation: This type of insurance provides coverage for employees' medical expenses and lost wages resulting from work-related injuries or illnesses.
• Disability insurance: Lighthouse also offers disability insurance, which provides financial support to individuals who are unable to work due to long-term illness or injury.

Lighthouse's customer portal

Lighthouse Insurance Agency is a web-based insurance brokerage that allows insurance companies to compete for consumers' business. It is not bound by just one carrier and represents several carriers, including Auto-Owners Insurance, Foremost Insurance Group, Hanover Insurance Group, Indiana Farmers Mutual, Progressive Insurance, and The Main Street America Group. This allows Lighthouse to offer a range of insurance products, including auto, homeowners, motorcycle, and boat/PWC insurance, as well as commercial insurance coverage such as business auto, business owners' policies, and commercial general liability.

The Lighthouse customer portal is a feature offered on the company's website. It allows policyholders to manage their accounts, view their homeowners' policies, review the terms of their coverage, and pay their premiums. The portal also provides resources and information, such as guidance on filing a flood insurance claim and preparing for natural disasters.

In addition to the customer portal, Lighthouse also provides a quote request feature on its website, where customers can request a quote and have an agent respond. Customers can also find an independent agent to work with them, ask questions, and compare multiple rate offerings side-by-side. Lighthouse's proprietary comparative rating engine allows insurance companies to compete for customers' business, providing them with lower premiums and better coverage options.

Lighthouse Insurance Agency has been in operation since 1983 and is family-owned and operated. The company is committed to protecting consumers' privacy and providing accurate, real-time quotes for auto, home, and commercial insurance. With its broad range of insurance products and carrier options, Lighthouse aims to help consumers find the coverage that best suits their needs and budgets.

Lighthouse's insurance coverage

Lighthouse Insurance Agency is an independent, family-owned and fully licensed insurance brokerage located in New York. It was established in 1983 and has since expanded its services to several states across the US. Lighthouse Insurance is not bound by just one carrier. Instead, it represents several carriers, including Auto-Owners Insurance, Foremost Insurance Group, Hanover Insurance Group, Indiana Farmers Mutual, Progressive Insurance, and The Main Street America Group. This allows them to offer a diverse range of insurance products and find the best coverage for their clients' needs and budgets.

Lighthouse offers a wide array of personal insurance products, including auto, homeowners, motorcycle, and boat/PWC insurance. They also provide commercial insurance coverage, such as business auto, business owners' policies, commercial general liability, property coverage, workers' compensation, and disability insurance. Lighthouse empowers consumers by allowing multiple insurance companies to compete for their business, resulting in lower premiums and improved coverage options. Their unique platform enables consumers to compare instant, side-by-side rates from top insurance carriers.

Lighthouse Property Insurance Corporation, a subsidiary of Lighthouse, is a Louisiana-domiciled property and casualty insurance carrier authorized to write policies in Louisiana, Texas, North Carolina, and South Carolina. In 2020, Lighthouse announced its plan to acquire Prepared Insurance Company, a Florida-domiciled carrier, to expand its reach into the state of Florida. Lighthouse Excalibur Insurance Company, another subsidiary, contributes to their overall financial stability and coverage capacity.

Lighthouse Property Insurance offers various insurance products, including homeowner's, condo, renters, flood, and dwelling fire insurance policies. They are dedicated to serving residents in select states and providing them with exceptional service. Lighthouse's HO3 plan includes assistance with medical costs, property damage, and applicable legal expenses when the property owner is found liable. They also provide additional coverages, such as dwelling fire insurance, identity theft insurance, and refrigerated contents/food spoilage coverage.

Frequently asked questions