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OverviewWelcome to HomeWise, the Homeowners Insurance Specialists. We understand that a home is more than your most valuable investment; it's your most precious investment. That's why HomeWise focuses exclusively on making sure your home is protected. With HomeWise, you can rest assured you made a wise choice. Based in Tampa, Florida, HomeWise provides homeowners coverage and other property insurance products through a leading network of experienced, independent agents. Fair, competitive rates, and a commitment to quality service make HomeWise a smart choice for homeowners, condo-owners and renters alike. HomeWise policyholders can rest assured in the company's strong financial stability. HomeWise is rated by Demotech. See the Financial Information section for more details, including our reinsurance information. BackgroundHomeWise began its operations in Florida following very active storm seasons in 2004 and 2005 in the state which created a volatile homeowners insurance market. As many insurance companies stopped writing homeowners insurance in Florida, demand was high for experienced, financially sound carriers offering homeowners coverage. HomeWise was established by insurance professionals with extensive homeowners insurance experience. From the beginning, our company vision has been to provide traditional homeowners insurance products and high quality service at fair prices. Since 2006, the company has expanded beyond Florida into other southern states as well.
Our VisionHomeWise was created by insurance professionals with extensive property insurance experience, an advantage that is unique to HomeWise. We work to deliver traditional homeowners insurance services and great customer service at fair prices. Our vision is to provide homeowners with peace-of-mind that their homes are not just protected, but cared for. Our company commitment to this vision is realized by using state-of-the-art technology and creating partnerships with the best agents, vendors, administrators and adjusters in the insurance industry. These partnerships result in increased customer satisfaction with all aspects of the insurance process, from policy issuance to claims handling. Financial InformationWithout compromise, HomeWise is dedicated to financial strength and the commitment that our policyholders will be well cared for in the unfortunate event of a loss. HomeWise has an "A" Exceptional rating from Demotech, an industry leader in financial analysis and financial stability rating. Click here for more information about Demotech ReinsuranceReinsurance is a form of insurance that insurance companies purchase to protect the company and its policyholders. In markets like Florida where hurricanes pose a great risk, a strong reinsurance program provides another layer of protection to ensure the financial health of the insurer and peace-of-mind for its agents and policyholders. The HomeWise Insurance Company has placed its catastrophe reinsurance program for contract year 2010/2011. The program is designed to assure long-term stability in the Company's operations by protecting against both frequency and severity of loss, establishing and maintaining long-term relationships with private market reinsurers, and limiting direct reliance on state catastrophe protection to the amount which can be reinstated in a subsequent season. The Company placed their reinsurance protection to cover over a 100-yr PML (Probable Maximum Loss), as calculated by complex catastrophe modeling software, with minimal loss to surplus. Our substantial program provides enough financial resources to pay for all anticipated claims resulting from at least a 100-year storm or multiple smaller storms. HomeWise purchases reinsurance from reliable, professional partners with outstanding financial security. HomeWise Insurance Company (HWIC) Reinsurance Partners:
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