TypTap offers private‑market homeowners insurance for Florida residents, providing coverage levels that often exceed the limits of the state‑backed Citizens program. The service includes OIR‑approved rates, multiple payment options, and a 24/7 support team to streamline policy selection, renewal, and claims handling.
Funding
$100M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Florida homeowners face limited availability and often insufficient coverage from the state-backed Citizens Property Insurance program, leading to gaps in protection against hurricanes and other risks. The transition process to private insurers can be complex, creating uncertainty for policyholders seeking reliable, affordable coverage.
Solution
TypTap provides private-market homeowners insurance tailored to Florida’s high-hurricane risk, offering comprehensive coverage that often exceeds the limits of Citizens policies. The company secures OIR‑approved rates and partners with global reinsurance carriers to ensure financial stability. Policyholders can select coverage online or through agents, and payments are accepted via credit/debit cards, ACH, or traditional checks with no service fee for ACH. TypTap maintains 24/7 in‑house customer support and a streamlined claims process, delivering renewal offers well before policy expiration to minimize disruption.
Target Audience
Florida homeowners currently insured through Citizens Property Insurance or seeking new private‑market coverage to protect their residences against hurricane risk.
Features
- OIR‑approved rates and “A” rating from Demotech for strong financial stability
- Coverage limits designed for rapid recovery after catastrophic events
- Multiple payment options: credit/debit cards (2.99% fee), ACH (no fee), and check/money order
- Online policy selection and renewal portal with clear guidance on Citizens depopulation process
- 24/7 in‑house customer support headquartered in Florida
- Seamless integration with mortgage lenders for premium billing continuity
- Dedicated claims hotline for post‑assumption incidents