Velocity Risk Underwriters Insurance History
Velocity Risk Underwriters was found in 2017 in Nashville, TN. The company specializes in property insurance in coastal and earthquake prone areas. Right now, the company offers home insurance, condo insurance, and rental property insurance in Florida, and they also write coverage in New Jersey, New York, North Carolina, and Texas.
What Insurance Velocity Risk Offers
Velocity Risk Underwriters Benefits
AM Best Rated
Velocity Risk Underwriters writes through National Specialty Insurance Company which is an AM Best A rated, admitted carrier with a large capacity for catastrophe risk.
- Accredited Builder Discount
- Claims History Discount
- Protective Device / Alarm Discount
- Secured Community Discount
- Wind Mitigation Discount
Broader Underwriting Guidelines
While still having some specific guidelines, Velocity Risk Underwriters will consider homes with little bit older roofs and older plumbing than many other carriers at this time. When you speak to our team, we will review all the necessary info to make sure we place you with the correct carrier. We appreciate the criteria that Velocity Risk has set, as it allows more options for our clients with difficult to place properties.
Why We Have Chosen to Work with Velocity Risk Underwriters
At Think Safe Insurance, we have decided to work with Velocity Risk Underwriters because they fill a unique niche in the Florida property market. They have the capability to write many properties that a lot of other companies won’t insure, and they offer a competitive price for their policies. Overall their program is one that we always consider when reviewing your insurance needs.
Update: Velocity Risk Underwriters has stopped writing new policies in Florida at this time. Hopefully in the future, they will be able to expand their book of business again to allow new policies for us. It is important for companies to monitor their exposure, so they can maintain stong financial stability, and the company couldn’t continue with some of the difficulties facing the Florida property insurance market at this time.
If you have questions or want to get a quote from one of our other carriers, give us a call today at 813-425-1626 or request a quote online. Our team is here to answer your questions and help you review your choices to make sure that you have the right coverage at the best price.