SafePoint Insurance Review & Ratings (2024)
Secure Your Home with SafePoint Insurance: Review, Ratings, Coverage Options, and Savings. SafePoint Insurance provides home and renters insurance in select states. Discover what this company offers, including its online portal for payments. Learn about coverage options, rates, and discounts. Find out if SafePoint Insurance is the right choice for you.
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Daniel Walker
Licensed Insurance Agent
Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years (BBB A+). He is licensed as an agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. He reviews content, ensuring tha...
Licensed Insurance Agent
UPDATED: Oct 18, 2024
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 are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
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.
UPDATED: Oct 18, 2024
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 are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
Welcome to our comprehensive guide on SafePoint Insurance, where we explore everything you need to know about this insurance provider. In this article, we delve into SafePoint Insurance’s offerings, coverage options, rates, and discounts. Discover how you can secure your home and protect your belongings with reliable insurance coverage.
- SafePoint offers insurance coverage only in six states
- SafePoint doesn’t offer a comprehensive description of its policies online
- You can shop for affordable insurance online
To ensure you get the best rates from top insurance providers, we encourage you to enter your ZIP code and compare quotes tailored to your specific needs. Don’t miss out on this opportunity to find the perfect insurance solution for your home. Take action now and safeguard what matters most to you.
What is the SafePoint Insurance Company?
SafePoint is a relatively new company. Founded in 2014, SafePoint Insurance is based in Florida and doesn’t offer nationwide coverage. That being said, if you live in one of the six states listed below, you will be able to apply for coverage through SafePoint:
- Alabama
- Florida
- Louisiana
- Mississippi
- New Jersey
- Texas
It doesn’t offer much in the way of an online identity for a young company, nor does it have a mobile app for you to make payments or file a claim. The primary function of the company’s website seems to be only to inform you of what projects the company is involved in rather than what types of insurance products are available.
You can, though, use your SafePoint Insurance login to make payments, and there is a SafePoint Insurance agent login. While you can’t request a quote from the site, there is a “find an agent” tool that will help you connect with a representative in your area. The Safepoint Insurance phone number is: (877) 858-7445. You can reach Safepoint Insurance customer service at this number.
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SafePoint Insurance Delivers Excellence in Washington DC
Is SafePoint Insurance a highly rated company?
SafePoint Insurance’s A.M. Best rating was only C++ in 2021. After receiving the marginal rating, SafePoint removed itself from the A.M. Best rating system. Such a rating is not typically a sign that a company is strong financially, so if you only want to work with companies that have A.M. Best’s vote of confidence, you may want to shop around for another company in your area. On the other hand, SafePoint Insurance’s Demotech rating is currently an A.
Working with a financially strong insurance company is vital — especially if you are trying to protect your home and possessions like precious family heirlooms. So if you’re not sure that SafePoint can give you the peace of mind that you need, you may want to consider giving your business to one of the best insurance companies in the industry:
Top 10 Home Insurance Companies in the United States
| Rank | Companies | Direct Written Premiums | Market Share |
|---|---|---|---|
| 1st | State Farm | $19,717,032 | 18% |
| 2nd | Allstate Corp. | $9,773,497 | 9% |
| 3rd | USAA Insurance Group | $7,362,747 | 7% |
| 4th | Liberty Mutual | $6,991,283 | 6% |
| 5th | Farmers Insurance Group of Companies | $6,043,865 | 6% |
| 6th | Travelers Companies Inc. | $4,866,357 | 4% |
| 7th | American Family Insurance Group | $4,442,467 | 4% |
| 8th | Nationwide Mutual Group | $3,344,181 | 3% |
| 9th | Chubb Ltd. | $3,113,149 | 3% |
| 10th | Progressive Corp. | $1,897,225 | 2% |
SafePoint does have an A+ rating with the Better Business Bureau. However, despite this high BBB rating, it’s in your best interest to read a few SafePoint Insurance reviews so you can be sure that this company meets your customer service and insurance coverage expectations.
What types of coverage does SafePoint Insurance offer homeowners?
While SafePoint mentions that it provides a home insurance and condo policy when describing its optional sinkhole coverage, there’s no definitive list of what exact services SafePoint provides. While it can be assumed that renters insurance is also available through SafePoint, you’ll need to reach out to a representative of the company to verify this.
You can file a claim with the SafePoint Insurance claims department by calling the company’s 24-hour service line or by filling out a contact form on its website.
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How much does a home insurance policy from SafePoint Insurance cost?
SafePoint doesn’t offer rate information on its website, so you’ll need to use the “find an agent” tool SafePoint provides to speak directly to a representative about what you may end up paying for a policy with this company. However, this lack of information doesn’t have to serve as a roadblock in your hunt for insurance coverage.
In the six states where SafePoint provides insurance, the average annual rate for $250,000 in coverage is $1,530. You can use this figure for your budget estimations, but be aware that your rate will be unique to you. Insurance companies require applicants to share details about themselves and their homes to assign the proper risk level to each policy.
Reconstruction costs, in particular, factor heavily into your rate calculations. You can use the chart below as a guide to help you estimate how much renovating your home after a covered loss would be. This, in turn, can help you determine how much coverage you need when you begin to fill out quotes online.
Home Renovation Costs by Home Type and Square Footage
| Home Type | Cost per Square Foot |
|---|---|
| Apartment | $25–$40 |
| Condo | $75–$100 |
| Farmhouse | $10–$50 |
| Row House | $25–$75 |
| Townhouse | $10–$35 |
| Victorian | $20–$200 |
Don’t forget that your credit score, the possessions you would like to protect, and even how you choose to pay for your insurance can influence your rates, too.
Does SafePoint Insurance offer discounts?
SafePoint’s website doesn’t list any available discounts. However, you can use this table of common insurance discounts to help you find a policy that provides you with ample opportunities to save money.
Common Home Insurance Discounts
| Common Home Insurance Discounts |
|---|
| New Roof |
| Electrical Upgrades |
| Fire Alarm |
| Home & Auto |
| Home & Life |
| Home & Umbrella |
| Sprinklers |
| Security System |
| Gated Community |
| Water Safety System |
| Paid in Full |
| Customer Loyalty |
| Claim Free |
| New Home |
| Fire Resistant Construction |
| Storm Shutters |
| Plumbing Upgrades |
When you shop for insurance online, you should request quotes from at least five different insurance companies. Taking such a step will allow you to verify if you have the best coverage at the lowest rate available to you.
What other coverage does Safepoint offer?
SafePoint doesn’t appear to sell car insurance at this time, but there is too little information on its website to know this for certain. It is in your best interest to reach out to a SafePoint representative so you can learn more.
Similarly, SafePoint doesn’t seem to sell life insurance policies. If you would like to find a policy that provides financial support for your loved ones, you can shop online to find a policy that meets your coverage needs.
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Navigating SafePoint Insurance: Assurance, Accessibility, and Affordability
The SafePoint Insurance Claims Advantage
Ease of Filing a Claim (Online, Over the Phone, Mobile Apps)
SafePoint Insurance offers multiple options for filing a claim, providing flexibility and convenience to its policyholders. While the company’s website lacks extensive online functionalities, policyholders can still use the SafePoint Insurance login to make payments and access essential services. Additionally, the company offers a 24-hour service line for claim reporting.
However, it’s worth noting that SafePoint Insurance does not currently provide a mobile app for claims management.
Average Claim Processing Time
The average claim processing time can significantly impact a policyholder’s experience with an insurance company. While specific data on SafePoint Insurance’s claim processing times is not readily available, the company’s commitment to 24-hour service suggests a focus on expediting the claims process.
To assess the actual processing times, customers may benefit from reading SafePoint Insurance reviews to gauge real-world experiences.
Customer Feedback on Claim Resolutions and Payouts
Customer feedback is invaluable when evaluating an insurance company’s claim resolutions and payouts. SafePoint Insurance boasts an A+ rating with the Better Business Bureau, indicating a positive track record in customer service.
However, potential policyholders are encouraged to read SafePoint Insurance reviews to gain insights into the overall customer experience, including claim resolutions and payout satisfaction.
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Seamless Insurance With SafePoint Insurance Technology
Mobile App Features and Functionality
SafePoint Insurance currently does not offer a dedicated mobile app for policyholders. This absence of a mobile app may be a drawback for those who prefer managing their insurance needs through mobile devices. Policyholders looking for mobile app features and functionality may want to explore alternative insurance providers that offer such conveniences.
Online Account Management Capabilities
While SafePoint Insurance’s website provides basic online account management capabilities, it falls short of offering robust digital tools. Policyholders can use the SafePoint Insurance login to make payments and access essential information. However, the website primarily serves as an informational platform rather than a comprehensive online portal for policy management.
Those seeking advanced online account management features may find other insurance companies better suited to their needs.
Digital Tools and Resources
SafePoint Insurance’s online presence focuses on providing information about the company and its projects rather than offering a wide range of digital tools and resources for policyholders. If you value extensive digital tools and resources, such as online quotes, policy customization, or educational materials, you may want to explore insurance providers with more robust online capabilities.
What You Need to Know About SafePoint Insurance
SafePoint is a young company, but its vague website and lack of online tools may not match the needs of today’s consumers. The financial ratings from Demotech and A.M. Best are also in conflict with each other, so if you only want to work with companies that are known to be financially sound, this may not be the best company for you.
While SafePoint confirms that sinkhole coverage is available as an endorsement on its website, you won’t be able to learn much more about the company’s rates and discounts.
Now that you’ve reached the end of this SafePoint Insurance review, you should be feeling ready to set out on your insurance shopping journey.
Frequently Asked Questions
Who owns Safepoint Insurance?
Safepoint Insurance is owned by Safepoint Holdings, LLC.
Is Safepoint Insurance good?
It varies. Research to see if it meets your needs.
What is the 2nd largest insurance company?
Rankings vary, but companies like Berkshire Hathaway, Allianz, and AXA are large.
What is the 5 scale grading system?
It could refer to various rating scales used in different contexts.
What is the best rating for a company?
Typically “A++” or “AAA” indicating highest financial strength.
What is the biggest insurance company to fail?
Historically, American International Group (AIG).
What is the biggest insurance payout?
Often from major disasters like Hurricane Katrina.
What is the highest rating for an insurance company?
Typically an “A” or “AAA” rating.
What are the principles of insurance?
Principles like good faith, insurable interest, indemnity, contribution, and subrogation guide insurance contracts.
What is the lowest A.M. Best rating?
“F”, indicating regulatory supervision or liquidation.
What is the purpose of a rating company?
To assess financial strength and stability.
What is the strongest insurance brand in the world?
Brands like Allianz, AXA, and Ping An are often strong.
Which insurance company denies most claims?
Varies case by case.
Which insurance company has the highest claim settlement?
Varies based on factors like policy type and claim circumstances.
Which life insurance company has the highest customer satisfaction?
Companies like Northwestern Mutual and State Farm are often praised.
What insurance companies have the most complaints?
Varies over time and by jurisdiction.
What insurance company has the least complaints?
Varies, research can provide insights.
What insurance covers all risks?
All-risk policies cover a wide range of risks.
What is premium rating in insurance?
It’s the cost of coverage based on various factors.
What is Safepoint?
Safepoint is a property and casualty insurance company.
What is Safepoint GPS?
Likely a GPS tracking system provided by Safepoint Insurance.
Are rating agencies regulated?
Yes, to ensure accuracy and fairness.
Does premium mean high quality?
No, it’s just the cost of coverage.
How do you calculate manual rate?
Through actuarial analysis based on risk factors.
How is A.M. Best rating calculated?
Based on financial strength and performance.
How to find the credit rating of a company?
Check rating agency websites or financial news sources.
Is it good to have a credit rating?
Yes, it helps with accessing credit and favorable terms.
What are the big three rating agencies?
Standard & Poor’s, Moody’s, and Fitch.
What are the four most important types of insurance?
Life, health, auto, and property insurance.
What is the highest credit rating?
Usually “AAA” or “Aaa”.
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Compare quotes from the top insurance companies and save!
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Daniel Walker
Licensed Insurance Agent
Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years (BBB A+). He is licensed as an agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. He reviews content, ensuring tha...
Licensed Insurance Agent
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.