Chicago-domiciled VIU by HUB, an omnichannel insurance brokerage platform, has partnered with HoneyQuote, a Florida home and condo insurance marketplace, to provide expanded regional carrier options and specialized advice for Floridians seeking personal insurance.
This partnership comes with the background of increasing rates and diminished choice in one of the costliest markets in the country. Obtaining insurance in Florida has become increasingly difficult due to challenges of affordability and availability.
Bryan Davis, Executive Vice President and Head, VIU, commented, “National carriers have largely pulled out of Florida leaving many homeowners scrambling to find new coverage.
“Through our partnership with HoneyQuote, VIU is doubling down on our commitment to bring innovation to a complex market and help mitigate the insurance protection gap. Floridians need a broker now more than ever to help guide them through their options and provide personalized advice to overcome the immense challenges they face.”
Davis added: “This is an example of two innovative insurance brokerages working together to impact a major need for the customers of Florida.”
In the last five years, Florida insurance premiums have risen more than 2.5 times the national average, with Floridians having fewer options available. In recent years, at least six insurers have become insolvent, and more than a dozen others have left the state or stopped writing new business, with some reinsurers pulling back as well.
VIU provides customers with the ability to shop for and compare personal insurance coverage options from a variety of carriers, with customers being able to purchase policies and receive ongoing advice from a team of trusted experts.
Freddy Seikaly, Chief Executive Officer, HoneyQuote, added, “By joining forces with VIU, backed by leading global insurance broker Hub International, HoneyQuote takes a leap forward in becoming Florida’s No.1 insurance marketplace for homeowners insurance. Partnering with VIU, we can now offer a broad suite of personal lines solutions with a seamless experience.
“Our collaboration heralds a new era where Floridians can seamlessly navigate insurance options and guidance, thanks to the innovative solutions crafted through this partnership.”
