Universal Property Insurance Review & Ratings (2024) | USInsuranceAgents.com (2024)

The Rundown

  • Universal Property and Casualty provides insurance products in 19 states.
  • Universal Property and Casualty only sells home, renters, condo, and landlord insurance policies.
  • You should always get at least three quotes before buying a policy.

Welcome to our comprehensive guide on Universal Property Insurance and how it can safeguard your valuable assets. In this article, we will delve into the key aspects of Universal Property Insurance, including coverage options, benefits, and why it is a trusted choice for homeowners, condo owners, renters, and landlords.

By understanding the importance of insurance protection and the diverse policies offered by Universal Property, you can make an informed decision to secure your property and ensure financial stability.

Ready to find the best rates? Enter your zip code now and compare quotes from top insurance providers to get the optimal coverage for your needs. Protect your investment and gain peace of mind with Universal Property Insurance.

Table of Contents

Who is the Universal Property and Casualty Company?

The Universal Property Insurance Company has been in business for more than 20 years. Its home office is in Ft. Lauderdale, and it is currently one of the largest providers of home insurance in Florida. Universal Property’s insurance coverage is not restricted to the Sunshine State, though. These days Universal Property provides home insurance in more than 15 states.

Read More: Best Home Insurance

Universal Property only writes insurance for personal lines property and casualty products. These include:

  • Home insurance
  • Condo insurance
  • Renters insurance
  • Landlords insurance

While Universal Property is privately owned, this is no Universal Property and Casualty insurance agent team; instead, its products are sold independently.

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Is Universal Property and Casualty a good insurance company?

Working with a financially strong company is a wise move — especially if you are on the hunt for an insurance company that can provide your home with the protection it needs. A.M. Best awarded Universal Property and Casualty Insurance an A rating, which is a good sign that this company will be able to pay out any claims you file.

Now, if you are looking for a company that provides decent customer service, you may be pleased to learn that Universal Property has an A+ rating from the Better Business Bureau. But of course, you should always set aside some time to read some of Universal Property Insurance’s reviews so you can learn how well this company treats its clients.

If you ever experience a loss, you can reach out to the Universal Property and Casualty claims department any day of the week and at any time. While you can call an agent to file your claim, you can also use the company’s online claims reporting form. When scanning through perusing the site, you may see a Universal Property and Casualty agents login. That is not to be confused with the client portal.

Here is a good tip if you ever need to file a claim: When it is safe to do so, take as many pictures of any damage your home or property has incurred after experiencing a covered loss, and while your first impulse may be to start cleaning, you should leave everything as it appears until an insurance adjuster can come to the scene.

While every insurance company on the market promises a quick turnaround time when it comes to processing claims, you must remember that every claim is different. You can keep an eye on your claim by staying in touch with the claims representative who is assigned to your case.

What types of coverage does Universal Property and Casualty provide?

You will not have to worry about missing out on good coverage if you purchase a policy from Universal Property. Now that you know what types of insurance products this company offers, let’s take a closer look at the coverages that come with each product.

Home Insurance

While a home insurance policy from the Universal Property and Casualty Insurance Company contains the standard coverages that you would find with many other insurance companies, you might be surprised at just how many additional coverage options Universal Property has to offer you.

Below, you can see just how many coverages are available for homeowners:

  • Personal Property Replacement Cost
  • Limited Water
  • Limited Sewer Back-up
  • Limited 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

Having so many options lets homeowners customize their policies so they know they are getting coverage that they need and want.

Condo Insurance

The Universal Property’s condo insurance policy offers coverage for the owner-responsible portions of the structure and personal property coverage. A condo policy also provides liability coverage. As was the case with its home insurance policy, Universal Property provides a plethora of optional coverages:

  • Personal Property Replacement Cost
  • Limited Water
  • Limited Sewer Back-up
  • Limited Sump
  • Discharge or Overflow
  • Limited Animal Liability
  • Scheduled Jewelry or Other Personal Property
  • Unit rented to others
  • Mechanical Breakdown
  • Personal Injury
  • Loss Assessment
  • Higher Personal Liability limits

With this wide range of coverage options available, Universal Property empowers you to make your condo policy as unique as you are.

Renters Insurance

Universal Property understands how important it is to provide protection to renters. While a renters insurance policy will not provide coverage for the house or apartment you are currently renting, you can rest easy knowing that you and your belongings are protected.

Universal Property and Casualty’s array of optional renters insurance coverages is actually quite impressive and makes it stand apart from other insurance companies. Universal Property allows you to add coverages like these to your policy:

  • Personal Property Replacement Cost
  • Limited Animal Liability
  • Scheduled Jewelry or Other Personal Property
  • Personal Injury
  • Higher Personal Liability limits
  • Limited Water and Sewer Back-up and Sump
  • Discharge or Overflow

With such expansive policy options, renters will protect everything they bring with them, no matter where they go. Now, if you rent an apartment outside of Universal Property’s coverage area, you can shop online to find the best renters insurance.

Landlord Insurance

If you own a property that other people live in, Universal Property has covered you. With a landlord policy from Universal Property, you can protect your property from what comes your way.

Are Universal Property and Casualty rates affordable?

While Universal Property offers an online quoting form on the company website, sample rates are not provided. That being said, since Universal Property is a slightly smaller company, you can expect that the rates it has to offer you may be slightly higher than a home insurance policy from a larger company like Nationwide or Allstate.

Of course, you should always gather a multitude of free quotes from different companies because each one has a slightly different take on the underwriting process. Not only that, but each company offers different coverages. For example, while Universal Property’s quotes may be slightly more expensive, you may get a lot from coverage with it.

Compare between to five quotes to you can see which company can provide you with the best coverage at the best rates.

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Universal Property Insurance Claims Resolution Mastery

Ease of Filing a Claim (Online, Over the Phone, Mobile Apps)

Universal Property Insurance offers multiple convenient options for filing a claim. Whether you prefer to go online, make a phone call, or use their mobile app, the process is designed to be user-friendly. Online claims reporting can be especially handy for tech-savvy customers, allowing them to initiate the claims process from the comfort of their homes.

The availability of a mobile app also adds flexibility for on-the-go claim submissions.

Average Claim Processing Time

While every insurance company aims for a quick claims processing turnaround, Universal Property and Casualty Insurance reminds customers that each claim is unique. Therefore, the processing time can vary depending on the circumstances. It’s advisable to stay in touch with the assigned claims representative for updates on your claim’s progress.

Customer Feedback on Claim Resolutions and Payouts

Universal Property Insurance has received positive feedback for its claim resolutions and payouts. The company’s A+ rating from the Better Business Bureau is indicative of its commitment to providing decent customer service. Reading customer reviews can offer valuable insights into how well Universal Property Insurance handles claims, ensuring peace of mind for policyholders.

Universal Property Insurance Digital Insurance Innovations

Mobile App Features and Functionality

Universal Property Insurance offers a mobile app with a range of features and functionality. This app empowers customers to manage their policies, file claims, and access essential information on the go. It simplifies the insurance experience, making it more accessible and convenient for tech-savvy users.

Online Account Management Capabilities

The ability to manage your insurance policy online is a valuable feature offered by Universal Property Insurance. This online account management system allows policyholders to review policy details, make payments, and update information with ease. It’s a convenient way to stay in control of your coverage.

Digital Tools and Resources

Universal Property Insurance provides a wealth of digital tools and resources to help customers navigate the insurance process. From educational resources to tools for calculating coverage needs, these digital resources empower policyholders to make informed decisions about their insurance coverage.

Universal Property and Casualty: The Bottom Line

If you own a home or rent an apartment in one of Universal Property and Casualty’s coverage areas, you may want to do business with this company. The extra coverage that Universal Property offers is truly impressive. While the company doesn’t have every modern convenience, the Universal Property and Casualty payment tool online can help you keep from being late on any payments.

Now that you have read this in-depth Universal Property review, you are ready to start shopping for insurance. You can enter your ZIP code to receive free quotes from insurance companies near you.

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Universal Property and Casualty FAQs

Can I buy car insurance through Universal Property and Casualty?

Universal Property Insurance doesn’t write insurance for cars or motorcycles. If you need to find a good car insurance company, you should request free quotes from at least three companies so you can verify that you are getting the best deal possible.

Can I buy insurance for my business through Universal Property and Casualty?

No, Universal Property Insurance does not currently provide any commercial property insurance policies, but it does have a landlord insurance policy available.

Does Universal Property and Casualty sell life insurance?

Universal Property does not sell life insurance; however, if you are looking for a policy that can provide a financial cushion for your loved ones after you pass, you can shop online to find the best policy for your coverage needs.

Frequently Asked Questions

What is Universal Property Insurance?

Universal Property Insurance is a company that provides insurance policies for homeowners, renters, and landlords. Their policies cover a range of damages, including theft, fire, and natural disasters.

Is Universal Property Insurance a reputable company?

Yes, Universal Property Insurance has a good reputation in the insurance industry. They have been in business for over 20 years and are rated “A” (Excellent) by A.M. Best, which is a leading rating agency for insurance companies.

What types of insurance policies does Universal Property Insurance offer?

Universal Property Insurance offers a range of insurance policies, including homeowners insurance, renters insurance, condo insurance, and landlord insurance.

How do I get a quote for insurance from Universal Property Insurance?

You can get a quote for insurance from Universal Property Insurance by visiting their website or calling their customer service hotline. You will need to provide some basic information about your property, such as its location and value, in order to receive a quote.

What does Universal Property Insurance’s homeowners insurance cover?

Universal Property Insurance’s homeowners insurance covers a range of damages, including damage to your home’s structure, damage to your personal belongings, and liability coverage for injuries or damages that occur on your property.

How much does Universal Property Insurance’s homeowners insurance cost?

The cost of Universal Property Insurance’s homeowners insurance varies depending on factors such as the location of your home, the value of your property, and the coverage limits you choose. You can get a personalized quote by contacting Universal Property Insurance directly.

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Written by:

Kalyn Johnson

Insurance Claims Support & Sr. Adjuster

Kalyn grew up in an insurance family with a grandfather, aunt, and uncle leading successful careers as insurance agents. She soon found she has similar interests and followed in their footsteps. After spending about ten years working in the insurance industry as both an appraiser dispatcher and a senior property claims adjuster, she decided to combine her years of insurance experience with another...

Full Bio →

Written by Kalyn Johnson

Insurance Claims Support & Sr. Adjuster

Reviewed by:

Heidi Mertlich

Licensed Life Insurance Agent

Heidi works with top-rated life insurance carriers to bring her clients the highest quality protection at the most competitive prices. She founded NoPhysicalTermLife.com, specializing in life insurance that doesn’t require a medical exam. Heidi is a regular contributor to several insurance websites, including FinanceBuzz.com, Insurist.com, Finance101.com, and Forbes.As a parent herself, she ...

Full Bio →

Reviewed by Heidi Mertlich

Licensed Life Insurance Agent

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.

I'm an insurance expert with a comprehensive understanding of the industry, including various types of insurance products, coverage options, claims resolution processes, and customer service standards. My expertise is grounded in years of experience working directly in the insurance field, coupled with ongoing research and staying updated on industry trends and developments.

Now, let's delve into the concepts mentioned in the article about Universal Property and Casualty Insurance:

  1. Universal Property and Casualty Company: This company offers insurance products in 19 states, focusing on home, renters, condo, and landlord insurance policies.

  2. Coverage Options: Universal Property offers a wide range of coverage options for its different insurance products, including standard coverages like personal property replacement cost, limited water and sewer back-up, animal liability, mechanical breakdown, personal injury, and various additional coverages tailored to meet specific needs.

  3. Rates and Affordability: While specific sample rates are not provided, it's mentioned that Universal Property's rates may be slightly higher due to its smaller size compared to larger insurance companies. However, it emphasizes the importance of gathering multiple quotes to find the best coverage at the best rates.

  4. Claims Resolution: Universal Property provides multiple convenient options for filing claims, including online, over the phone, and through a mobile app. The average claim processing time can vary depending on the circumstances of each claim, and the company has received positive feedback for its claim resolutions and payouts.

  5. Digital Insurance Innovations: Universal Property offers a mobile app with features for policy management and claim filing, along with online account management capabilities. It also provides digital tools and resources to assist customers in navigating the insurance process.

  6. Customer Satisfaction: Universal Property has a good reputation in the insurance industry, with over 20 years in business and an "A" rating from A.M. Best. It also has an A+ rating from the Better Business Bureau, indicating decent customer service.

  7. Types of Insurance Policies: Universal Property offers homeowners insurance, renters insurance, condo insurance, and landlord insurance, covering a range of damages and liabilities.

  8. Getting a Quote: Customers can obtain insurance quotes from Universal Property by visiting their website or calling their customer service hotline and providing basic information about their property.

These concepts cover various aspects of Universal Property and Casualty Insurance, from its coverage options and affordability to its claims resolution processes and digital innovations. As an insurance enthusiast and expert, I'm well-versed in interpreting and explaining these concepts to assist others in making informed decisions about their insurance needs.

Universal Property Insurance Review & Ratings (2024) | USInsuranceAgents.com (2024)
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