Universal Insurance Company Insurance Review & Ratings (2024)
Universal Insurance Company Insurance offers affordable coverage for various needs, such as homeowners, renters, condominium, fire, flood, and property and casualty. They prioritize quality and budget-friendly options, ensuring reliable protection. Don't settle for less when it comes to insurance – choose Universal Insurance Company Insurance for dependable and affordable coverage.
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Chris Abrams
Licensed Insurance Agent
Chris is the founder of Abrams Insurance Solutions and Marcan Insurance, which provide personal financial analysis and planning services for families and small businesses across the U.S. His companies represent nearly 100 of the top-rated insurance companies. Chris has been a licensed insurance agent since 2009 and has active insurance licenses in all 50 U.S. states and D.C. Chris works tireles...
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UPDATED: Nov 28, 2023
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- Universal North America offers homeowners, renters, condominium, and other types of property and casualty insurance
- Universal Insurance Company allows policyholders to add coverages to their homeowners policies for additional protection
- Universal North America has an A- (Excellent) financial strength rating with A.M. Best
Welcome to our comprehensive page on the insurance alternatives offered by Universal Insurance Company. In this article, we will explore the primary concerns associated with Universal Insurance Company, including their diverse selection of insurance products catering to renters, homeowners, condo owners, and individuals seeking coverage for fire and flood incidents.
Discover the importance of reliable and affordable insurance with Universal Insurance Company. They prioritize premium quality and cost-effective solutions. Enter your zip code below to compare offers from regional insurance authorities. Don’t miss out on the opportunity to secure the best coverage for your specific needs.
What does Universal North America homeowners insurance cover?
Universal North America Insurance Company, often mistaken online for Universal Property and Casualty Insurance company, sells property and casualty coverages in the United States.
If you choose Universal’s homeowners insurance for your house, you can expect coverage for the following:
- Your dwelling, including any attached structures like a pool
- Other structures on your property
- Medical payments for any injuries sustained
- Personal property and valuables, such as jewelry and heirlooms
- Personal liability coverage
- Loss of use
- Loss assessment
In addition to the standard coverages listed above, which come with every Universal North America homeowners policy, you also have the option of adding supplemental coverages, including:
- Scheduled personal property
- Water damage
- Home equipment protection
- Personal injury
- Rental to others
- Increase limit of liability
- Increased loss assessment
- Personal property value loss settlement
- Permitted incidence occupancies
- Increased other structures
- Seasonal or unoccupied property
- Identity fraud expense
- Expanded replacement cost terms
The add-ons listed above are completely optional, but they may appeal to you based on your unique needs as well as the needs of your family members and loved ones.
If you’re intrigued by what Universal has to offer so far, you are probably curious to know more about the cost of homeowners insurance with Universal North America.
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How much are homeowners insurance rates with Universal?
While Universal Insurance Company’s website has a lot to offer, the company does not appear to offer direct quotes online. This makes it difficult to know what you would pay for homeowners insurance.
But you can look at the average rates for your state in the table below to get an idea of what to expect.
Average Annual Homeowners Insurance Rates by State
State | Average Annual Rates |
---|---|
Alabama | $1,433 |
Alaska | $959 |
Arizona | $825 |
Arkansas | $1,373 |
California | $1,008 |
Colorado | $1,495 |
Connecticut | $1,479 |
Delaware | $833 |
District of Columbia | $1,235 |
Florida | $1,951 |
Georgia | $1,267 |
Hawaii | $1,102 |
Idaho | $730 |
Illinois | $1,056 |
Indiana | $1,000 |
Iowa | $964 |
Kansas | $1,584 |
Kentucky | $1,109 |
Lousiana | $1,968 |
Maine | $882 |
Maryland | $1,037 |
Massachusetts | $1,488 |
Michigan | $942 |
Minnesota | $1,348 |
Mississippi | $1,537 |
Missouri | $1,285 |
Montana | $1,174 |
Nebraska | $1,481 |
Nevada | $755 |
New Hampshire | $972 |
New Jersey | $1,192 |
New Mexico | $1,017 |
New York | $1,309 |
North Carolina | $1,086 |
North Dakota | $1,253 |
Ohio | $862 |
Oklahoma | $1,885 |
Oregon | $677 |
Pennsylvania | $931 |
Rhode Island | $1,551 |
South Carolina | $1,269 |
South Dakota | $1,202 |
Tennessee | $1,196 |
Texas | $1,893 |
Utah | $692 |
Vermont | $918 |
Virginia | $999 |
Washington | $854 |
West Virginia | $940 |
Wisconsin | $779 |
Wyoming | $1,156 |
Countrywide | $1,211 |
Researching homeowners insurance rates by ZIP code in your state may be helpful, as where you live is an extremely important factor when it comes to the cost of coverage.
Also, you’ll want to keep in mind that the overall value of your home could impact your rates and cause them to look different from your state’s annual average.
Effortless Claims Handling With Universal Insurance Company Insurance
Ease of Filing a Claim (Online, Over the Phone, Mobile Apps)
Universal Insurance Company offers policyholders an “easy online access” feature for various policy-related activities, such as making payments and accessing important documents. However, when it comes to filing a claim, policyholders are required to call the company’s customer service number.
The claims process involves speaking with a representative who will guide the policyholder through the necessary steps and provide information on the expected timeline for claim resolution.
Average Claim Processing Time
The article does not provide specific information about the average claim processing time for Universal Insurance Company. It’s advisable for potential policyholders to inquire with the company directly or consult their policy documents for more details on claim processing times.
Customer Feedback on Claim Resolutions and Payouts
While the article mentions Universal Insurance Company’s ratings, it does not provide specific customer feedback regarding claim resolutions and payouts. Prospective policyholders may want to explore online reviews and consult with current customers to gain insights into the company’s performance in handling claims.
Exploring Universal Insurance Company Insurance Digital and Technological Innovations
Mobile App Features and Functionality
The article does not provide detailed information about the specific features and functionality of Universal Insurance Company’s mobile app. Policyholders interested in mobile app capabilities should consider visiting the company’s website or contacting their customer service for comprehensive details on what the app offers.
Online Account Management Capabilities
Universal Insurance Company’s website offers policyholders “easy online access” for managing their accounts, making payments, and accessing policy documents. However, the article does not delve into the specifics of the online account management capabilities provided. Prospective policyholders are encouraged to visit the company’s website to explore the full range of online account management features.
Digital Tools and Resources
The article does not elaborate on the digital tools and resources available through Universal Insurance Company. Policyholders looking for information on the company’s digital tools, educational resources, or online support should visit the company’s website for a comprehensive overview of the available digital assets.
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Does Universal have good ratings?
When it comes to ratings, Universal North America Insurance Company can be proud of its standings. A.M. Best gave the insurance company an A- (Excellent) financial strength rating and an overall outlook of stable.
The Better Business Bureau (BBB) has given Universal a B rating, and the BBB website shows that customers have rated Universal North America one out of five stars.
Should I consider an insurance policy with Universal North America?
There’s no reason not to consider a homeowners insurance policy with Universal if it’s an option where you live. But you should never make a decision about insurance coverage until you shop around and compare several insurance quotes online.
You can use online tools to help you find and compare top-rated companies’ rates to see where you can find the most affordable homeowners insurance that offers the coverage you’re looking for.
In fact, you can use our free tool below to find and compare homeowners insurance rates from top companies in your area today.
Frequently Asked Questions
What does Universal North America homeowners insurance cover?
Universal North America provides standard homeowners insurance coverage that includes property damage, personal liability, medical payments, and loss of use. Additional coverage options include earthquake, flood, identity theft, and home-sharing coverage.
How much are homeowners insurance rates with Universal?
Universal Insurance Company does not provide direct quotes online, but the average annual homeowners insurance rates by state can be found on the company’s website.
Is it easy to make claims with Universal?
Universal North America offers “easy online access” for policyholders to make payments and access their policy documents. However, claims must be filed by calling the customer service number. A representative will walk you through the process and provide a timeframe for hearing back.
Does Universal have good ratings?
Universal North America Insurance Company has an A- (Excellent) financial strength rating from A.M. Best and a B rating from the Better Business Bureau. The BBB website shows that customers have rated Universal North America one out of five stars.
Should I consider an insurance policy with Universal North America?
If you are looking for homeowners insurance coverage, Universal North America is worth considering if it’s an option in your area. However, it’s important to shop around and compare quotes from other insurance companies to ensure you are getting the best coverage and rates for your needs.
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