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Lizzie Nealon is an insurance contributor for Bankrate and enjoys making home, auto and life insurance digestible for readers so they can prepare for the future. Maggie Kempken is an insurance editor for Bankrate. She helps manage the creation of insurance content that meets the highest quality standards for accuracy and clarity to help Bankrate readers navigate complex information about home, auto and life insurance. She also focuses on ensuring that Bankrate’s insurance content represents and adheres to the Bankrate brand. Mark Friedlander is director of corporate communications at III, a nonprofit organization focused on providing consumers with a better understanding of insurance. Oct 03, 2022 Bankrate logo The Bankrate promise
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Not rated Bankrate Score Home 0.0 Auto 0.0 About Bankrate Score Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. United Property & Casualty Insurance Company, better known as UPC Insurance, may be a good option for homeowners in some risk-prone areas who also prefer working with in-person agents. Coverage isn't available nationwide, however, so not all shoppers will have access to UPC's offerings. Pros and Cons Quick Look Pros Offers home insurance in some riskier areas Rated A (Exceptional) for financial stability by Demotech Products offered through local independent agents Cons Coverage limited to Florida, Georgia, Louisiana, New York, North Carolina, South Carolina and Texas Poor J.D. Power score for customer service Discount options aren't listed online Local agents available Discounts aren't listed online Below-average J.D. Power customer satisfaction score Based in St. Petersburg, Fla., United Property & Casualty Insurance Company () is a competitive publicly-traded regional carrier that has been providing home insurance and related policies to residents of the Sunshine State and six other coastal states since 1999. UPC offers home insurance policies in Georgia, Louisiana, New York, North Carolina, South Carolina and Texas. The company has , but will continue to service its existing customers for the time being. Because of its targeted markets, UPC specializes in writing policies to financially protect homeowners from perils that impact coastal areas, such as hurricane wind damage. In addition to standard home insurance policies, UPC offers condo, renters and private and related enhancements. UPC generated $212.8 million in net premiums written in 2021, a 33% decline from the prior year. With region-specific coverage types and strong financial and consumer ratings, UPC may be one of the best homeowners insurance companies in the states it serves. UPC home insurance
UPC home insurance carries an A (Exceptional) financial stability rating from Demotech. UPC was unranked by J.D. Power in the 2021 U.S. Home Insurance Study, but in 2020, the company scored 777 out of 1,000 points, putting it well below average in customer satisfaction. UPC offers standard home insurance policies, including coverage for dwelling, detached structures, personal property, loss of use/additional living expenses, personal liability, medical payments to others and other personal property. In terms of add-ons, the company offers home systems protection, service line coverage and ordinance of law coverage. The company's user-friendly website includes a feature that allows shoppers to choose their location and find state-specific coverage information and tailored enhancement packages. This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions. Compare home insurance rates
Answer a few questions to see personalized rates from top carriers. Continue Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. Quick Facts $382/year average savings through Bankrate 2 out of 3 homes are underinsured 1 out of every 20 insured homes makes a claim each year 100% of homes need insurance before getting a mortgage See more providers in Choose from insurers in Show More Mortgage Leaving so soon Your custom quotes are just minutes away
Return to form UPC specializes in providing , especially for claims due to water damage or major disasters such as hurricanes. Many private insurers do not insure homes in flood or , so UPC stepped in to fill the gap and offer coverage to those in coastal states that need coverage. The company offers flood insurance coverage underwritten through the federally backed National Flood Insurance Program (NFIP), and also provides flood insurance options underwritten through private insurers. UPC's private flood coverage enhancements offer three levels of protection and much higher levels of coverage than NFIP policies. UPC home insurance cost
The average cost of a UPC home policy for $250,000 in dwelling coverage is $1,490, according to Bankrate's 2022 study of quoted annual premiums from Quadrant Information Services. UPC's average premium is slightly higher than the for the same amount of coverage, which is $1,383. The table below shows how UPC average rates compare to the national average across coverage limits. Across the board, UPC is slightly more expensive than average. Dwelling coverage limit UPC average annual premium National average annual premium $150,000 $1,101 $980 $250,000 $1,490 $1,383 $350,000 $2,242 $1,887 $450,000 $2,798 $2,351 $750,000 $3,914 $3,414 UPC home insurance discounts
For the most accurate discount information, check with an independent insurance agent that represents UPC. As an example of the types of discounts UPC offers its customers, this is what is available to Hip roof If your home’s roof is hipped, or has slopes on all four sides, you could receive up to a 15% discount on your premium. Wind and natural disaster certifications UPC may provide up to a 15% discount for having WIP-8 (windstorm inspection program) credits and Insurance Institute for Business & Home Safety (wind and fire fortification) credits. This helps ensure that your home was built up to code and has features like reinforced roofing for wind or fire, impact-resistant doors and other safety protocols. Pay premium in full UPC offers varying discount amounts ranging from 9% to 14% for paying your premium in full based on your method of payment. Your agent can provide details on how much of a discount you may qualify for. Extra window and door protection If you equip your home’s windows and doors with protective coverings, you could receive a 15% discount. Flood policy Discounts may be available for homeowners insurance policyholders who purchase their flood coverage through UPC. UPC home services
UPC's website doesn't offer any additional home services beyond homeowners insurance. Other UPC perks worth considering
Beyond its homeowners insurance policies, UPC Insurance offers the following perks that may sway shoppers. Condominium owners insurance: If you own a condo, UPC has insurance policies tailored to your needs. Identity theft insurance: If you’re nervous about cyber fraud or identity theft, you may want to look into the company’s identity theft insurance endorsement. : If you own rental properties, UPC has coverage options for you. : If you rent your home or apartment, UPC could cover you with a renters policy that provides protection for your possessions, as well as liability and loss of use coverage. Golf cart coverage: If you own a golf cart like many coastal residents, you may want to insure it with UPC. Local agents: The company engages a distribution network of local independent agents who are available to help with your needs. UPC’s website features an that allows you to find assistance near you. UPC corporate sustainability
Bankrate's UPC Insurance review would not be complete without looking at the company's . The company publishes its environmental, social and governance (ESG) commitments on its website. To help the environment, UPC has invested in clean energy initiatives, promoted waste reduction and uses energy-efficient technologies. In terms of social responsibility, the company supports community nonprofits for education, medical care, research, domestic violence prevention and more. In terms of governance, the company created a corporate governance guideline structure to promote accountability among executives. Not sure if UPC is right for you Consider these alternatives
After reading this UPC Insurance review, you may decide the company isn't the right choice for you. If so, you may want to consider some of the on the market. : State Farm offers a full range of product lines and is consistently highly-rated by third-party rating services such as AM Best and J.D. Power. If you are interested in being covered by the , you may want to research State Farm. : USAA only offers insurance policies to active-duty members of the U.S. Military, veterans and qualifying family members. If you qualify, you may appreciate USAA's highly-rated customer service and certain features that are tailored to military families. : If you're looking for a highly-rated home insurance company that operates fully online, you may want to research Lemonade. Methodology
Bankrate utilizes Quadrant Information Services to analyze 2022 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on 40-year-old male and female homeowners with a clean claim history, good credit and the following coverage limits: Coverage A, Dwelling: $150,000, $250,000, $350,000, $450,000, $750,000 Coverage B, Other Structures: $15,000, $25,000, $35,000, $45,000, $75,000 Coverage C, Personal Property: $75,000, $125,000, $175,000, $225,000 Coverage D, Loss of Use: $30,000, $50,000, $70,000, $90,000 Coverage E, Liability: $300,000 Coverage F, Medical Payments: $1,000 The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required). These are sample rates and should be used for comparative purposes only. Your quotes will differ. On This Page
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