The Sunshine State is no stranger to catastrophic tropical weather, and homes close to the coast face the seemingly omnipresent risk of windstorm and hurricane-related damage. Very few Florida insurers are equipped to cover costly risks as well as Tower Hill Insurance.
Tower Hill iis one of the more versatile home insurance companies in Florida, featuring two highly customizable policy options for your home — one for low- to mid-value homes, and one for high-value homes up to $5 million.
Tower Hill also offers flood insurance, which they sell as both a standalone policy and endorsement to your home policy. If you get Tower Hill’s flood endorsement, they’ll package the flood coverage under one bill instead of two if you get a standalone plan.
For example, with a private flood policy, you’re able to file one claim for wind and flood damage as opposed to two separate claims for the same weather event. When it comes to claims, Tower Hill is well-positioned to handle every type of loss. The company has dedicated teams for all causes of claims, from the most minor to most egregious claims.
However, Tower Hill, like many other Florida insurers, is in somewhat of a precarious position financially. They have an A- (Excellent) rating with A.M. Best – the benchmark of home insurance financial stability – but Best’s financial outlook for Tower Hill was reported as “negative”, which indicates that based on industry trends, Tower Hill could see a dip in their credit rating in the future.