Home insurance service Orion180 expands to Massachusetts, offering new home protection plans.
In the face of rising insurance premiums and high rates of non-renewals, homeowners in Massachusetts now have a new option to consider for their home insurance needs. Orion180, a leading provider of flexible, customer-centric homeowners and flood insurance solutions, has launched FLEX Home Insurance in nine eastern counties of the state.
FLEX Home Insurance is designed specifically to address the insurance challenges faced by Massachusetts homeowners, particularly in coastal and high-risk areas. The product offers customizable coverage tailored to individual homeowner risk profiles, allowing homeowners to adjust core coverages, deductibles, and copayments to fit their financial situation and risk preferences.
One of the key features of FLEX Home Insurance is the absence of distance-based exclusions for coastal properties. This means that policies are available regardless of proximity to the shoreline, which is notable given many insurers have scaled back coastal exposure. This inclusivity for coastal risks is a rare offering in today's market.
Another notable feature is the claims-free incentives. Eligible policyholders may earn a bonus of up to 100% of their first-year premium based on the duration of their claims-free history. Additionally, significant discounts are available for senior citizens, homeowners with tree-free yards, military personnel, and first responders.
Orion180's commitment to not abandoning the Massachusetts market is evident in their 0% state abandonment rate. The company aims to deliver more accessible, transparent, and tailored protection, reassuring agents and homeowners alike.
FLEX Home Insurance is currently available in Essex, Plymouth, Middlesex, Barnstable, Suffolk, Dukes, Norfolk, Nantucket, and Bristol counties through select independent agents. For more information, visit https://orion180.com/flex/.
Orion180 has also expanded into the Tennessee market, providing simplified coverage to insurance agents and homeowners. The company provides insurance solutions in the Southeastern U.S. and Florida as well. In Florida, FLEX Home Insurance is available in 14 coastal counties.
The launch of FLEX Home Insurance comes at a time when Massachusetts homeowners have faced increasing insurance challenges. Premiums have surged 15% between 2022 and 2023, and the state ranks fifth nationally for homeowners insurance non-renewals. With FLEX Home Insurance, homeowners can benefit from flexibility, coverage inclusivity for coastal risks, premium savings incentives, and market stability amidst increasing climate and market challenges.
- In an effort to address the growing insurance needs of sports event organizers, Orion180 could consider expanding their FLEX Home Insurance product to provide reinsurance solutions for events taking place in coastal and high-risk areas.
- With FLEX Home Insurance's success in coastal counties and its commitment to market inclusivity, it may be strategically beneficial to offer this customizable insurance product to sports venues located near the shoreline, ensuring both coverage for potential disasters and stable premiums.
