Swyfft Homeowners Insurance Review & Ratings (2023)
Swyfft Insurance is a newer company that specializes in homeowners and commercial insurance policies to select states. They offer high-risk policies for customers in severe weather areas like Texas and Florida. Although they can compile a quote in seconds for interested parties, there are concerns about the accuracy of their quotes.
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Written by
Chris Tepedino |
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Reviewed by
Laura Walker
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UPDATED: Dec 16, 2022
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
UPDATED: Dec 16, 2022
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- Swyfft Insurance offers homeowners policies to customers in high-risk weather regions, like Florida
- Its claim to fame is its online quote system that uses high tech data to give you a quote in seconds
- They do not underwrite any of their policies, and their disclosure gives little detail on the carriers they work with
Swyfft Insurance is a company that offers homeowners policies to customers in high-risk weather areas, such as Florida and Texas.
Its claim to fame is its data-driven online quoting system that provides customers with quotes within seconds of entering their address.
Although this system is efficient, there are suspicions about how accurate the system is, as it assumes a lot of information about the customer.
While Swyfft Insurance has good reviews from its customers, it does not underwrite its insurance policies and does not disclose much information about the carriers they work with.
This article will inform you of valuable information about Swyfft Insurance, its background, its types of policies, and an overview of online customer reviews.
Information About Swyfft Insurance
Swyfft Insurance is a newer company founded in 2014, with its headquarters in Morristown, New Jersey. They offer homeowners insurance in six states:
- Alabama
- Florida
- Massachusetts
- New Jersey
- New York
- Texas
Swyfft also offers excess and surplus insurance lines. Excess and surplus is specialty insurance offered to customers who have difficulty obtaining homeowners insurance through standard companies.
Some examples of high-risk or difficult-to-insure situations are homes in hazardous weather locations, historical homes, and homes with unrepaired damage.
Swyfft offers excess and surplus homeowners insurance policies to people in these states:
- Alabama
- Florida
- Louisiana
- Massachusetts
- North Carolina
- South Carolina
- Texas
Swyfft also has commercial packages available to customers in Illinois, New Jersey, New York, and Washington.
In Florida, Swyfft offers an excess and surplus commercial insurance policy that is not available in other states.
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Who owns Swyfft Insurance?
Richard Tezza and Sean Maher are the co-founders of Swyfft Insurance. When Richard bought a home and began to look for homeowners insurance, the process to receive a quote took him two weeks.
Richard and Sean’s mission became to develop an online quote system that provides customers with accurate quotes within seconds. They managed to raise the seed money to start the company and opened up its doors in 2014.
Who underwrites Swyfft insurance policies?
Swyfft does not underwrite its policies. According to its website, it uses multiple carriers to underwrite insurance that all carry at least an “A-” rating with A.M. Best.
According to Swyfft Insurance, Clear Blue Insurance Company and Clear Blue Specialty Insurance Company handle much of its underwriting.
Getting a Quote from Swyfft Insurance
Swyfft prides itself on its data-driven quote system that gives homeowners a quote in about ten seconds. The company aggregates so much data and analytics that they feel confident in issuing quotes by entering an address into their system. This tool is available on the front page of their website.
It’s not a foolproof approach, however. The quoting system uses a lot of assumptions, including the value of your dwelling, the square footage, and the year built.
As a result, your actual premium could fluctuate from what their online quote system compiles.
Swyfft Insurance Online Customer Access
Swyfft has an up-to-date website with a customer portal and claims center.
Within the customer portal, policyholders can make a payment, get a copy of their policy, change their mailing address, and change mortgagee information.
Filing a Claim Online
Swyfft designed its online claims center for convenience. Navigate to their claims page to start the claims process, and you will see an interactive form. Once you fill in your details, Swyfft texts and emails you a claim number.
You will also receive a link to the portal where you can manage your claim, upload documents, and communicate with claims support staff.
Swyfft works with a network of repair businesses. If you use a “Swyfft Repair Pro,” you will not have to pay out of pocket for upfront repair costs.
Overall, Swyfft has set up a very convenient claims system online, with many ways for you to receive communications about your claim process.
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Swyfft Insurance Products Available to Homeowners
Swyfft requires every policy to come with comprehensive coverage, which it covers your personal property along with your dwelling. Swyfft also builds the price of the comprehensive policy into your quote.
Each Swyfft policy automatically comes with these coverages:
- Dwelling. This coverage repairs and replaces home structure damage.
- Other structure. Swyfft also covers any unattached structures on your property, like a shed.
- Personal property. Swyfft covers personal property, including outdoor items.
- Living expenses. You also have coverage for temporary housing expenses if you become displaced.
- Personal liability. Personal liability coverage protects you from property and injury damage lawsuits.
- Medical expenses. Swyfft covers injuries if a visitor is hurt while on your property.
Swyfft only offers one additional coverage option in 2022. This option is their “Equipment Breakdown” package, covering electrical, mechanical, and pressure system breakdowns. Appliances such as an air conditioner fall into this category.
Swyfft Insurance Customer Reviews
Swyfft Insurance has mixed reviews from its customers. It has accrued over 1,000 ratings from policyholders on several platforms, with an overall rating of 3.5 stars.
Customers have written positive remarks about the company’s fast response to filed claims and professional service.
Customers have also said that the company promptly handles hurricane claims and works well in resolving claims for customers in coastal environments.
However, there are several negative reviews worth mentioning.
There are many complaints of Swyfft dropping policyholders because of old roofs. One customer said Swyfft gave them 10 days to update their roof, or it would drop their policy.
Others have voiced concerns about Swyfft denying their claims.
Swyfft has company representatives that address all reviews online, providing rebuttals to negative reviews and assisting customers with grievances.
Overall, Swyfft has a good star rating compared to other Florida homeowners insurance companies.
What to Know About Swyfft Insurance in 2022
Swyfft Insurance is a newer company that prides itself in its lightning-fast quoting system. There are concerns over the quotes it gives online because they assume a lot of customer information, including the home’s value.
It has an excellent online portal where policyholders can easily manage their accounts and file claims quickly.
Swyfft offers the basics of homeowners insurance coverage, but they require every policy to come with comprehensive coverage, which covers personal belongings and dwellings.
Since the company does not write its own policies, there is no Swyfft insurance rating from A.M. Best or the National Association of Insurance Commissioners. However, they claim that all their insurance carriers have at least an “A-” rating from A.M. Best. They only disclose working with Clear Blue Insurance Group, based in Puerto Rico.
Customer reviews are a mixed bag, but air on the side of positivity. Many note that Swyfft is quick to work through the claims process, yet others have had issues with canceled policies and denied claims.
Overall, Swyfft Insurance could be a good company for you if you live in a high-risk weather area and are looking to get a quote quickly. Another good company that offers high-risk coverage is American Integrity Insurance.
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Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
|
Written by
Chris Tepedino |
|
Reviewed by
Laura Walker
|