American Platinum Writes First Homeowners’ Policies in Florida

Universal Insurance Holdings Inc. recently announced that its wholly-owned subsidiary, American Platinum Property and Casualty Insurance Corp. has just issued its first Florida homeowners’ policies.

American Platinum is offering homeowners multi-peril policies and inland marine insurance on homes valued in excess of $1 million.

The Fort Lauderdale, Fla.-based Universal Insurance Holdings, through its wholly-owned company Universal Property & Casualty Insurance Co., currently is the state’s second leading provider of homeowner coverage with 580,000 policies in-force, representing 9.5 percent of the market.

In addition to being licensed in Florida, Universal Property is licensed and actively writing policies in North Carolina, South Carolina and Hawaii.