Universal Property Insurance Review & Ratings (2024)

What You Should Know About Universal Property & Casualty Insurance Company

Discover Universal Property Insurance and the main subjects it addresses. In this extensive article, we dig into the realm of reasonably priced homeowners insurance, highlighting the need to safeguard your house against unforeseen incidents and losses. We emphasize the affordable premiums and adaptable coverage choices offered by Universal Property Insurance, which are tailored to your individual requirements.

We can help you with everything from comprehending the value of comprehensive coverage to selecting a policy that matches your budget without sacrificing quality. We urge you to enter your zip code below and compare prices from the top insurance companies in your neighborhood in order to make an informed selection. Start today to secure your house and find peace of mind.

Universal Property & Casualty Insurance Company Insurance Coverage Options

The Universal Property & Casualty Insurance Company (UPCIC) is most well-known for its homeowners insurance.

UPCIC policies are sold through independent agents, and the company offers insurance coverage in Florida, Delaware, North Carolina, South Carolina, Hawaii, Georgia, Indiana, Maryland, and Massachusetts.

If you live in one of the states above, it’s a good idea to familiarize yourself with your state’s requirements and options when it comes to homeowners insurance.

For example, if you live in South Carolina, review the stipulations and regulations for South Carolina homeowners insurance before looking into any specific company.

Universal Property and Casualty offers homeowners insurance with flexible policies that work for individual homes and families.

The company’s homeowners policies cover the replacement cost for a home, coverage for other structures on a person’s property, and plenty of additional coverage options.

UPCIC policies also include liability insurance to protect policyholders from lawsuits.

Some of Universal Property and Casualty’s options for add-ons when it comes to homeowners insurance include:

• Personal property replacement cost
• Limited water and sewer back-up and sump discharge or overflow
• Limited animal liability
• Utility service line
• Scheduled jewelry or other personal property
• Mechanical breakdown
• Personal injury
• Debris removal
• Loss assessment
• Higher personal liability limits
• Ordinance or law

The company also offers a number of discounts on monthly rates for homeowners insurance.

UPCIC’s discount options include:

• Prior insurance discount
• Claims free discount
• Loyalty discount
• New roof discount
• Burglar and fire alarm discount
• Sprinkler system discount
• Auto companion discount
• Windstorm protective devices discount
• Fortified for safer living discount
• Occupants over the age of 65 discount

In addition to homeowners insurance, Universal Property and Casualty offers additional coverage for other types of property and casualty insurance needs.

Can I get renters insurance With UPCIC?

Universal Property & Casualty Insurance Company offers condominium, renters, and landlords coverage to its policyholders.

All of these coverages feature add-on options just like the homeowners insurance, and both condominium and renters insurance allow for discounts as well.

Universal Property & Casualty Insurance Company Insurance Rates Breakdown

Universal Property and Casualty has sample rates available on the Florida Office of Insurance Regulation website.

While these rates are helpful to see, they vary greatly depending on the location a person chooses within the state of Florida. For example, a $150,000 home can have annual homeowners insurance rates as low as $1,100 or as high as $10,450.

It’s a great idea to look and see how insurance rates vary to get a better idea of how much you might pay. But since all the information available is based in the state of Florida, this still offers a fairly small scope.

UPCIC also offers online quotes both on the company website and through Universal Property and Casualty insurance agents. As you get quotes from UPCIC, keep in mind that rates will likely be higher than average because it is a smaller company.

Universal Property & Casualty Insurance Company Discounts Available

How Universal Property & Casualty Insurance Company Ranks Among Providers

In the dynamic insurance landscape, Universal Property Insurance contends with several prominent competitors. A glimpse into these market players provides valuable insights into the overall industry:

• State Farm: A widespread network of agents and a longstanding presence in the insurance market.
• Allstate: A well-established brand with a reputation for innovative coverage options.
• Progressive: Recognized for competitive rates, a user-friendly online experience, and a variety of discounts.
• Liberty Mutual: Boasting a global presence and offering diverse coverage options.
• Farmers Insurance: Known for personalized service through local agents and a range of comprehensive coverage options.
• Travelers: Offers a wide range of insurance solutions with a strong focus on risk management.

Understanding the competitive landscape is essential for consumers seeking insurance coverage tailored to their specific needs. While each competitor has its unique attributes, Universal Property Insurance stands out through its customizable policies, efficient claims processing, and a diverse array of coverage options catering to the needs of property owners.

Does UPCIC have good ratings?

UPCIC has an A+ rating with the Better Business Bureau and has been accredited with the company since 2016.

Universal Property and Casualty has had 218 complaints filed against it in the last three years, and 106 complaints have been closed in the past 12 months.

The Insurance Journal states that Universal Property and Casualty was fined $1.26 million by the state of Florida in 2014 following certain unwarranted claims insurance and underwriting practices.