Living in a state like Florida, where storms, flooding, and extreme weather are a regular occurrence, home insurance is not optional; it is rather necessary. Now enter People’s Trust Insurance, a Florida-based insurance firm with creative coverage ideas and a distinctive, customer-centric claims approach meant to guard homeowners.
This in-depth guide will cover all you need to know about People’s Trust Insurance: their coverage, benefits, claims process, and how they stand out in a competitive market whether your search is for your first policy, you want to switch providers, or you want better understanding of your present plan.
What is people’s trust insurance?
Founded in 2008, People’s Trust Insurance Company (PTIC) has grown to be among the most reputable names in the homeowners insurance scene in Florida. With its headquarters in Deerfield Beach, the company specializes in Florida home insurance and provides policies that strike a mix between affordable protection and total coverage.
The company distinguishes itself with its “Better Way” approach to claims handling, an in-house managed repair program that streamlines the restoration process following a loss, therefore saving homeowners both time and money.
Why Florida People’s Trust Insurance Matters
The homeowners of Florida deal with particular difficulties that most insurance firms outside of the state are not completely aware of:
Storms including hurricanes and tropical ones
Sinkholes and inundation
High rates of property insurance
strict construction codes criteria
Designed especially to handle these issues with customized coverage, quick disaster response, and affordable policy structures, People’s Trust Insurance is
Coverages Available from People’s Trust Insurance?
People’s Trust Insurance offers multiple kinds of coverage to fit various consumer demands even though their main concentration is on homes insurance.
1. HO3 Policy, Standard Homeowners Insurance
This is the most often used type of insurance available and covers:
Dwelling coverage guards your home’s physical integrity.
Coveralls fences, sheds, and garages not attached to the house.
Personal items cover furniture, gadgets, appliances, and apparel.
Loss of use pays for temporary living expenses should your house become uninhabitable.
Personal liability covers damages and attorney fees should someone be injured on your premises.
Medical payments cover minor injuries suffered on your premises.
2. ALE, or additional living expenses
Should a covered loss—that is, damage from a hurricane—force you from your house, this benefit covers hotel rooms, meals, and more.
3. Policies for Water Damage Coverage
Damage from malfunctioning appliances or broken pipes can be disastrous. An optional add-on, People’s Trust provides improved water damage coverage.
4. Protection against Windstorms and Hurricanes
A Florida-centric provider, PTIC policies center on storm protection. Though they change depending on risk tolerance and money, deductibles are set.
Special Selling Point: Managed Repair Program
One unique quality of People’s Trust Insurance among house insurance companies is its Managed Repair Program (MRP).
The managed repair program is what?
PTIC arranges the whole repair process through its affiliated, Rapid Response Team, Florida’s largest insurance restoration general contractor, rather than providing homeowners a flat sum and allowing them to handle repairs.
Benefits of the MRP: quicker repairs made possible by a pre-vetted contractor network on call
Cost effectiveness: Bulk rates save money, therefore lowering premium increases.
Homeowners don’t have to deal with hiring or dealing with contractors; peace of mind.
When demand for contractors surges and wait times soar following hurricanes or other significant storms, this method is very helpful.
How Does the Claims Process Operate?
People’s Trust Insurance streamlines the claims procedure using a combined, methodical approach:
First step: claim something. File a claim.
File online or phone the 24/7 claims hotline. Especially after a storm, quick reaction is absolutely vital.
Second step: damage evaluation
Usually working 24 to 48 hours, an adjuster is sent right away to evaluate the damage.
Third step is coordination of repairs.
Should one be registered in the Managed Repair Program, the Rapid Response Team starts work practically immediately. Otherwise, under restricted circumstances you could choose a financial settlement.
Fourth step: restoration and completion.
Policyholders are advised at every stage and repairs are finished quickly. Final inspections guarantees compliance and satisfaction.
Is Trust Insurance for People Right for You?
Perfect for Florida homeowners seeking policies ready for a disaster.
Those on a tight budget seeking reasonably priced rates
Homeowners that appreciate a hands-off claims experience
Residents of older homes compliant with Florida’s revised building codes
Not Perfect For: Homeowners wishing complete control over repair professionals
Those looking for coverage other than Florida
Benefits and Drawbacks of People’s Trust Insurance: Florida-oriented experience
Reasonable rates
Unique Managed Repair Program
excellent client service
quick team for disaster response
Cons: Restricted to Florida locals
Some customers like selecting their own contractors.
mixed client comments about communication during peak times
Client Evaluations and Ratings
Multiple review sites and financial rating companies agree that:
AM. Best Rating: B+ (Good) for financial strength.
BBB Rating: A+ with certifications.
Google Reviews: 3.8/5 ( 2024)
Trustpilot: mixed opinions, compliments on claims quickness and criticism on policy ambiguity.
Reviews can be polarizing, as most insurance companies find, particularly in years of high volume claims like those experienced during hurricane seasons.
People’s Trust Insurance: Comparatively to rivals Individuals’ Confidence Citizen’s Property State Farm: Allstate’s Focus Area Florida-specific only Florida-only (state-backed) National Program for Repair: National Managed Repair (household) Contractor of your liking Contractor of your choosing Contractor of your preferred choice
Coverage Included by Hurricane Storm Optional Additional Price Economical generally reasonably priced Better Higher Customer Service Local and unique State-regulated Business Corporation
Advice on Purchasing Trust Insurance Policies for Policies
Along with Windstorm Coverage, bundle
Sometimes Florida regulations call for distinct windstorm policies. PTIC provides complete choices that could help to lower risk and uncertainty.
Inquire Regarding Discounts.
Discounts for: could be yours depending on
installing hurricane shutters
Having a fresh roof
Systems of home security
inspections for wind mitigating purposes
Know Deductibles
Many times, Florida house insurance has hefty storm deductibles (2%-10%). Select carefully depending on your level of financial comfort.
Go over the annual policy updates.
State rules and hurricane claims could affect rates. Keep yourself updated on policy adjustments.
Often asked questions, or FAQs:
Q: Is People’s Trust Insurance just offered in Florida?
Indeed, they are a Florida-exclusive insurer who only considers the particular hazards Floridians experience.
Can I refuse the Managed Repair Program?
Unless you fit for a unique policy exception, most of the time participation in the MRP is obligatory.
Q: The cost is what?
Location, home age, construction type, and coverage levels all affect premiums. On average, expect to pay $1,500–$3,500 annually.
Q: Can repairs start right away?
Depending on demand and degree of loss, Rapid Response Teams typically start repairs days following a loss.
In summary, is the trust insurance worth it?
People’s Trust Insurance presents a sensible, reasonably priced, forward-looking solution for home insurance to Florida residents. PTIC keeps being a top choice in the Sunshine State with a thorough awareness of the local market, a unique repair program, and cheap pricing.
Whether you’re shopping for a new house, getting ready for hurricane season, or just reviewing your present provider, think of People’s Trust Insurance as a firm that really knows what it means to safeguard what counts most—your house.