Secured with SHA-256 Encryption
Select Page

Prepared Insurance Company Review & Complaints: Home, Condo, Dwelling Fire & Renter’s Insurance

Prepared Insurance Company only offers home insurance with coverage including condo, renter's, dwelling fire, and Prepared homeowner's insurance plans. Our Prepared Insurance Company review found that Prepared Insurance quotes are unavailable online, but the Prepared Insurance BBB rating is an A+. Prepared Insurance reviews are also mostly positive.

FREE Insurance Comparison

Compare quotes from the top insurance companies and save!

Secured with SHA-256 Encryption

Eric Stauffer is a former insurance agent and banker turned consumer advocate. His priority is to help educate individuals and families about the different types of insurance they need, and assist them in finding the best...

Full Bio →

Written by

UPDATED: Sep 22, 2020

Advertiser Disclosure

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 partner with top insurance providers. This doesn't influence our content. Our opinions are our own.

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.

Prepared
Premiums
Claims
Feedback
Financial Strength
N/A


Compare Insurance Quotes

Secured with SHA-256 Encryption

Prepared Insurance Company is a Florida-based property insurance company offering a variety of home insurance policies. The company specializes in covering harder-to-insure homes, specifically older homes. Prepared Insurance reviews are generally positive, although the company has had some complaints.

Looking to buy Prepared Insurance Company home insurance? Shopping around for home insurance will help you get great rates and coverage. Enter your ZIP now to start getting quotes for home insurance to compare with your Prepared Insurance home insurance rates.

Keep reading to find out more about Prepared Insurance Company complaints, reviews, and financial ratings.

About Prepared Insurance Company

Prepared was founded in 2009, one of several new homeowner’s insurance companies that started up in response to large insurers pulling out of Florida following several particularly bad hurricane seasons.

These hurricanes left homes built before 2002 struggling to find coverage, as they are more likely to sustain damage during a hurricane.

Prepared Home Insurance Company moved into this gap and writes coverage for homes 2002 and older, although they do have requirements for condition and maintenance of the home, as do most standard home insurance companies.

They also write condo, renters, and landlord insurance policies and cover new homes in addition to older ones.

Prepared Insurance Company in Tampa, Florida sells its products through independent agents. It is in the process of being purchased by Lighthouse Property Insurance, which writes policies in Texas, Louisiana, South Carolina, and North Carolina.

Check out these various ratings for Prepared.

Prepared Insurance Company Ratings
CompanyRatingMeaning
BBBA+Customer Service
Google3.5 StarCustomer Service
DemotechAFinancial Stability
Get Your Rates Quote Now

Prepared Insurance reviews are mostly good, although there are some insurance company complaints in Florida. Keep reading for Prepared Insurance Company Florida reviews.

Enter your zip code below to view companies that have cheap auto insurance rates.

 Secured with SHA-256 Encryption

Prepared Insurance Products

Home Insurance is the sole product line offered by Prepared, and they write several types of coverage for various needs.

Homeowner’s

The standard home insurance liability coverage package policy from Prepared covers dwellings with a value of up to $2 million. Base coverage includes personal property coverage as well as liability, and there are a number of endorsements available to customize coverage.

The Titanium Package is an add-on that includes a list of popular endorsements for one price. In addition to increasing personal property (including replacement cost coverage and all perils coverage) and liability limits, it also adds:

  • Equipment breakdown
  • Service line coverage
  • Animal liability
  • Personal Injury Protection
  • Increased special limits for high-value personal property
  • Refrigerated goods
  • Lock replacement
  • Water backup
  • Personal home computer coverage

Endorsements can also be added individually. The company offers a list of discounts for homeowner’s insurance policies, including claim-free, wind mitigation, protective devices, and even a multi-policy discount for taking out a flood insurance policy along with your homeowner’s.

Condo

The condo insurance policy offers coverage similar to that of a homeowner’s policy but does not provide for the structure itself since that is covered by the association.

The package endorsement option is not offered with a condo policy, but several of the same endorsements can be selected individually to enhance the coverage. This includes an optional endorsement for rental of the condo unit to others.

Renter’s

Renter’s insurance covers personal property as well as providing liability and loss of use coverage.

Endorsements include an upgrade to replacement cost for personal property and increased liability including animal liability. A shorter list of discounts is available, including a senior discount.

Dwelling Fire

This policy is designed for rental homes and includes loss of rent coverage in addition to the standard structure and liability coverage. There are several available endorsements for this policy as well, including personal property replacement cost, which can be especially useful in a furnished rental.

Flood Insurance

Prepared Insurance writes flood insurance through the National Flood Insurance Program, acting as a Write-Your-Own carrier. Flood insurance can be purchased for homes in various flood risk zones.

Watch this video to learn more about homeowner’s insurance and the coverages available.

You will have to decide exactly what coverage you need for your home. Insurance is not one size fits all so you only want to purchase the coverages you need.

Prepared Home Insurance Company Rates

Prepared does not offer online quoting, but has a form that can be submitted to request a quote. There is also an agent search function that provides contact information for the nearest local agent to provide a quote.

Unfortunately, Prepared is not one of the companies for which the Florida Office of Insurance Regulation provides rate information, so we were not able to gather any price comparison information there.

How to File a Prepared Insurance Claim

The Prepared site clearly outlines the claims process, step by step, promising quick processing with their “concierge claims service”.

There is a toll-free number available 24/7 to which claims should be first reported. The Prepared Insurance phone number is 888-544-4885 to file a claim, the same as Lighthouse Insurance.

The site promises same-day assignment and contact by a claims examiner, who will schedule an inspection of the damage by a field adjuster. After the damage has been examined and coverage confirmed, the claim will be paid.

The website offers other helpful information, including the homeowner’s rights in a claim and also flood claims information.

Enter your zip code below to view companies that have cheap auto insurance rates.

 Secured with SHA-256 Encryption

Prepared Insurance Company Customer Reviews and Ratings

Prepared has been accredited with the Better Business Bureau (BBB) since 2017. Prepared Insurance’s BBB rating is an A+. There are six complaints on file in the past three years.

Four customers have left Prepared homeowner’s insurance reviews on the page, one of which is positive and the rest negative. Prepared has responded to each of the reviews.

There are 24 Google reviews for an overall 3.5-star rating, indicating more positive reviews than negative. Most of the reviews are in regard to claims, and there are both one and five-star claims comments.

Again, the insurance company does respond to each of the reviews. This shows concern about customer experience and an effort to resolve problems.

The Florida Office of Insurance Regulation complaints database shows a complaint ratio of 1:3205 for Prepared Insurance. Florida homeowner’s insurance company ratings are for 2018 third quarter, the most recent available data.

That ratio is high when compared to two other companies with a similar market share in the state. Liberty Mutual, for example, has a ratio of 1:10580 and Nationwide 1:33171. We looked back at previous quarters and found the ratio to be much the same.

The Bottom Line

Prepared Insurance does not offer any rate information, which makes it hard to compare them in terms of value.

While some homeowners may want to consider them if they have an older or difficult to insure a house, the Florida market is not as challenging as it once was. For those with newer or updated homes, there may be better options.

We were unable to find any red flags for this company, however, and they do have comprehensive programs that make them worth considering. The state of Florida homeowner’s insurance ratings were generally positive.

Looking for affordable Prepared home insurance? Now that you know the Prepared home insurance reviews, you can make a good decision on what is the best insurance company to own your home with. Enter your ZIP now to compare rates from top companies to your current Prepared home insurance quote today.

For a list of companies that we recommend, visit our Best Insurance Companies page.

Compare Insurance Quotes

Secured with SHA-256 Encryption

Review Information

References:

    1. https://www.fema.gov/flood-insurance
    2. https://www.floir.com/Sections/PandC/Homeowners/default.aspx

 

Summary
Review Date
Reviewed
Prepared Insurance Company
Author Rating
41star1star1star1stargray

About Eric Stauffer

Author: Eric StaufferI am a former insurance agent and banker turned consumer advocate. My priority is to help educate individuals and families about the different types of insurance they need, and assist them in finding the best place to get it.

2 Comments

  1. I am providing Prepared Insurance Co a One Star Rating concerning the administration of Claim Number 16544.

    High wind damages sustained to our roof on 11/2/2018.

    Yes, this claim processing is now going on Eight Months, and we are again entering another Hurricane Season.

    It has been over a month since we last heard from Kim.

    Our timely reply to that is still unanswered.

    The Roofing Company representing us strongly supports the validity of this claim that these wind-related damages are more severe than what Prepared is claiming.

    I believe, once management reviews this package, they will take minimal time to approve and expedite the completion of this claim.

    Reply
  2. I am looking at Prepared Insurance due to my pool cage and screen. I understand they can insure these without the 2% house deduction. I am tired of paying large premiums and after Irma my pool cage and screen were damaged, under my policy my endorsement covers damage but I have to pay the 2% before repairs can be made. If Prepared cannot provide this coverage is there any in Florida that does.
    Thank you

    Reply

Leave a Rating

Your email address will not be published. Required fields are marked *