Olympus Insurance Review & Complaints: Home Insurance (2024)

The company’s rates vary depending on factors such as location, home value, and construction type. Comparing rates with other insurers is recommended to determine the competitiveness of Olympus Insurance rates.

Olympus Insurance has been writing property insurance policies in Florida since 2007. It joined the market after major hurricanes impacted the state’s insurance industry. The company is based in Orlando and currently operates only in Florida.

Olympus Insurance offers various insurance products, including:

• Home Insurance: Covers the policyholder’s home, personal property, and liability.
• Townhouse Insurance: Provides coverage for owners of townhouses with shared walls.
• Rental Home Insurance: Covers rental properties and provides liability coverage for landlords.
• Condo Insurance: Meets the specific needs of condo owners with shared walls and condo association coverage.
• Scheduled Personal Property Coverage: Offers broader protection with higher limits for valuable items.
• Flood Coverage: Flood insurance is not included in standard policies and requires a separate policy.

Olympus Insurance provides a 24/7 claims line for reporting and checking the status of claims. They also have an online claim form for non-emergency claims. For water damage claims, they have a water damage mitigation team that responds quickly to prevent further damage.

Olympus Insurance is BBB accredited with an A+ rating. There have been a few complaints filed, but overall, the company has a stable reputation. The Florida Office of Insurance Regulation’s complaint database shows a low ratio of complaints compared to policies in force.

Olympus Insurance has been rated by Demotech, a financial analysis firm, and received an issuer credit rating of A+. This rating indicates the company’s financial stability and outlook.