Florida Peninsula Insurance in Florida
Florida Peninsula Insurance Company has spent more than twenty years on a single specialty — Florida homes — and counts 190,000+ claims processed since 2005, by its own tally. Florida OIR market data (May 2026) ranks it the state’s #10 residential insurer at 198,000+ policies in force, part of a Boca Raton-based group whose carriers together carry over 345,000 Florida policies. What follows is the whole picture: the group behind the name, the rating record, the product shelf including a flood endorsement, the rate news, and the single entry that lines its quote up beside 20+ other Florida homeowners carriers before anything gets signed.
Florida Peninsula at a glance
Carrier ratings verified directly with each rating agency.
Two decades of Florida homes — with the claims counter to show for it
Florida Peninsula keeps its origin story to five words — insuring Florida homes since 2005 — and pairs it with a running tally: more than 190,000 claims processed since then, by the company’s own count. A claims number that size accumulates one way only: by writing Florida property, in volume, through twenty years of Florida weather.
The company also reports on how that claims operation performs: 98% customer satisfaction, inspections scheduled within 24 hours, and an average claim resolved in about 30 days — the company’s own reported figures, standing on two continuous decades of Florida claim practice.
The measuring stick for size is the state’s own data: 198,692 policies in force rank Florida Peninsula tenth among Florida’s residential insurers (Florida OIR data, May 2026), with more than $103 billion of insured property value and over $800 million in annual written premium behind them — and every line of the book is personal residential. That is the full profile of a Florida homeowners specialist: homes, condos, landlord dwellings, renters, and nothing else.
Continuity shows up in the leadership and the distribution alike. CEO Paul Adkins signs the company’s regulatory filings with the state, and those filings place him in senior leadership since at least 2020. The agent network, meanwhile, tells its growth story in two data points: over 1,500 independent agents in Demotech’s 2021 rating notification, 2,500 by the company’s own count — and ours is one of them.
One Boca Raton group, three Florida carriers
Florida Peninsula runs its business from Boca Raton, and the name sits at the front of a family: Edison Insurance, part of the same Boca Raton-based group, and the Ovation Home Insurance Exchange round it out, with Windward Risk Managers — which describes itself as the partner behind all three — handling shared operations.
Together, the group’s carriers carry more than 345,000 Florida policies — a combined figure worth stating carefully, because each carrier stands entirely on its own where it counts: Florida Peninsula ranks #10 among the state’s residential insurers and Edison #16 (Florida OIR data, May 2026), and each files its own rates, holds its own policies, and carries its own Demotech A (Exceptional) rating.
The shared machinery is the technology. The group built one quoting portal that prices Florida Peninsula and Edison in a single pass — work recognized with a Novarica digital award in 2016 — which is why a household that asked about one of the two sometimes receives a quote carrying the other’s name. Separate carriers, separate rate filings: the same house can price differently across the pair, and that spread is a preview of what the full market does. One entry with us runs the comparison at full width — 20+ Florida homeowners carriers, this group included — so you choose from the whole field, not one family’s corner of it.
How Florida Peninsula is rated — and the checks behind the strength story
Demotech assigns Florida Peninsula its Financial Stability Rating of A (Exceptional), affirmed June 2026 — and the grade has tenure: Demotech’s records show the A held without a change since before July 2019.
There is no AM Best rating here, and the context is structural: AM Best built its approach around carriers whose books spread across many states, while a Florida homeowners specialist concentrates everything in one — so in this market, Demotech’s Financial Stability Ratings do most of the grading. The test that transfers from carrier to carrier is short: name the agency, read the grade, check the affirmation date. Those three answers come attached to every carrier on your comparison, and our guide to Florida home insurance financial strength ratings lays out how each agency approaches Florida’s market.
One more layer belongs in the picture: as an admitted Florida carrier, Florida Peninsula operates inside the Florida Insurance Guaranty Association system — the statutory arrangement that stands with policyholders of every admitted insurer.
Reinsurance is where the regulator’s own checks do the talking. Every state approval of a Florida Peninsula Citizens assumption recites that OIR first reviewed the company’s reinsurance program, catastrophe modeling, and financial projections — and the orders keep obligations running afterward: catastrophic reinsurance stays in place, the regulator receives 60 days’ notice before any termination of that protection, and the company undergoes reinsurance examinations every year. Florida Peninsula’s own description — a program placed with A-rated global reinsurance partners — is the company’s phrasing; the exam cycle above is the independent verification loop around it.
What Florida Peninsula writes — including flood on the home policy itself
Four residential lines make up the shelf, and the state’s May 2026 market data shows the weight each one carries:
- Homeowners (HO-3) — the center of gravity: roughly 150,000 owner-occupied homeowners policies.
- Landlord (DP-3) — about 28,700 dwelling policies, enough to read as genuine landlord appetite rather than a courtesy line.
- Condo unit-owners — roughly 18,700 policies across Florida’s condo market.
- Renters — written as well, in smaller numbers.
Optional endorsements — identity theft, equipment breakdown, and animal liability among them — attach subject to each policy’s own terms; which ones fit is settled on the quote, working with your agent.
The shelf item that sets Florida Peninsula apart is flood: the company offers flood coverage as an endorsement added to the home policy itself, not a separate standalone policy. The convenience is real — one carrier, one policy, one renewal date, no second billing cycle. The principle underneath doesn’t change with the format: some amount of flood coverage belongs on every Florida home, and the working question is the amount. What that amount costs follows the individual property — how close the home sits to a source of flooding, what rebuilding it would run, how high the first floor stands — so the strongest move is pricing the endorsement and the standalone flood markets for the same address and choosing with both numbers in view.
On discounts, two get emphasis in the company’s materials: wind-mitigation credits and a credit for water leak-detection devices. Both reward documentation you may already hold — a wind-mitigation inspection that records features like a hip roof, a sealed roof deck, or upgraded roof-to-wall attachments turns those features into premium money — and working with your agent, collecting every credit the home qualifies for is part of building the quote.
The rate story: an August 2025 filing reported as decreases
In August 2025, Florida Peninsula made a rate filing that AM Best News carried under a decrease headline: an average 8.4% reduction on homeowners policies statewide and an average 12% on condo, per that report, with company leadership crediting Florida’s legal reforms. On this page it stays what the record shows — a filing, announced and reported, with the averages attributed to the outlet that published them.
What a filed average cannot do is predict a particular renewal. A renewal is assembled from more parts than the base rate: the inflation adjustment that moves the Coverage A rebuild limit each term, the roof age you can document, the insurance score, endorsements added or dropped — and every carrier weighs that mix on its own scale. Our guide to why Florida home insurance premiums move covers each driver in detail. Working with your agent, a renewal walkthrough matches the filed averages against what changed on your own policy — and puts the same home in front of 20+ other Florida homeowners carriers so the decision rests on numbers, not headlines.
Citizens takeouts: 24,387 assumed in 2025 — and rounds on the 2026 calendar
Florida Peninsula keeps returning to Citizens depopulation — the state program that transfers policies out of Citizens, Florida’s state-created insurer, to private carriers that request them — with OIR approvals to participate in 2020, 2024, 2025, and 2026.
The results are on the public ledger. In 2025, Citizens’ depopulation statistics credit Florida Peninsula with 24,387 policies actually assumed — the seventh-largest total among that year’s participating carriers — across rounds in February, October, and December. Reading takeout numbers takes one habit: an OIR approval is a ceiling on what a carrier may assume, never a count of what it did; the counts come afterward, from Citizens’ published statistics, which is where that 24,387 comes from.
For 2026, the regulator’s approval sets Florida Peninsula’s ceiling at 20,000 Citizens policies, with assumption rounds scheduled for August 18, September 15, and October 20, 2026. Citizens mails its Policyholder Choice letters in the weeks ahead of each round, so a letter naming Florida Peninsula is the schedule at work, not a problem with your policy. The letter does carry real mechanics — above all the eligibility line: an offer priced within 20% of your Citizens renewal estimate takes remaining with Citizens off your option list. Our guide to your Citizens takeout offer unpacks the letter piece by piece, and working with your agent, the offer gets weighed against 20+ Florida homeowners carriers while the letter’s window is open.
Two ways to use this page
Already a Florida Peninsula policyholder?
You hold a policy with a rated, two-decade Florida specialist — worth revisiting each year even so, because homes change, discounts appear, and the market re-prices, and none of that reaches your premium on its own. Canopy Connect makes the review quick: the secure link hands us your declarations page with nothing retyped, and working with your agent, your coverage, credits, and price get read against the wider market.
Shopping and seeing Florida Peninsula quoted?
That tracks — a top-ten residential insurer lands on plenty of Florida quote sheets, and the group’s shared portal can put Edison’s number beside it, so this family shows up often. What you add with us is the rest of the field: one entry prices your home across 20+ Florida homeowners carriers, this group included, with a licensed Florida agent walking you through where the quotes differ and what the differences buy you.
Florida Peninsula Insurance: your questions, answered
Is Florida Peninsula a good insurance company?
Here is the footing the public record gives you: more than twenty years writing Florida homes, a reported 190,000+ claims processed since 2005, a Demotech Financial Stability Rating of A (Exceptional) held since before July 2019 and affirmed in June 2026, and the state’s #10 residential policy count at 198,000+ (Florida OIR data, May 2026). Whether it is the strongest fit for your particular home is a lineup question — set its quote in a lineup of 20+ other Florida homeowners carriers and let your address decide.
Who owns Florida Peninsula — and is it really a Florida company?
Florida Peninsula is headquartered in Boca Raton and belongs to a Boca Raton-based group that also includes Edison Insurance and the Ovation Home Insurance Exchange, with Windward Risk Managers described in group materials as the partner behind all three. Paul Adkins serves as CEO, and state filings place him in the company’s senior leadership since at least 2020. As for how Florida the company is: by the state’s May 2026 market data, its book runs 198,000+ policies, 100% of them personal residential — a Florida homeowners specialist by the numbers.
Are Florida Peninsula and Edison Insurance the same company?
No — they are separate carriers belonging to the same Boca Raton-based group. Each holds its own policy book, files its own rates, and carries its own Demotech A (Exceptional) rating: Florida OIR’s May 2026 market data places Florida Peninsula at #10 among the state’s residential insurers and Edison at #16. Where they meet is the group’s shared quoting portal, which can return both carriers’ quotes from a single request — so a shopper who asked about one name may see an offer from the other. Since the two price independently, the sensible next step is widening the lineup further: 20+ carriers, one entry.
Did Florida Peninsula lower its rates?
In August 2025 the company made a rate filing that AM Best News reported as decreases — averaging 8.4% on homeowners policies and 12% on condo statewide — with company leadership crediting Florida’s legal reforms. Treat a filed average as market news rather than a promise about your renewal: an individual premium also moves with the inflation adjustment on the Coverage A rebuild limit, documented roof age, insurance score, and endorsement changes. Working with your agent, a renewal review reads the headline against your policy’s actual numbers, then checks the same home with 20+ other Florida homeowners carriers.
I received a Citizens takeout letter naming Florida Peninsula — what does it mean?
It means the state approved Florida Peninsula to assume policies from Citizens and your policy is one it chose to compete for. The track record is substantial: Citizens’ statistics show 24,387 policies assumed by Florida Peninsula in 2025, the seventh-largest total among that year’s participants, and for 2026 the company holds approval for assumption rounds scheduled for August 18, September 15, and October 20, with letters mailed ahead of each round. One statute shapes your choices: an offer priced within 20% of your Citizens renewal estimate ends your eligibility to remain with Citizens. Working with your agent, weigh the offer beside 20+ Florida homeowners carriers ahead of your Offer Form’s printed date.
How do I file a Florida Peninsula claim?
The claims number is 866-549-9672, with online reporting available as well — and there is a dedicated emergency water hotline, 888-332-3419, for the losses where fast dry-out limits the damage. The company reports inspections scheduled within 24 hours and claims resolved in about 30 days on average. Your agent’s contribution comes before the water does: reviewing coverage, deductibles, and what the policy is built to handle — call or text 813.920.8181 with those questions on any quiet day. What a policy pays on any specific loss is governed by its own terms, so walking through yours together belongs at the start of the process.
Does Florida Peninsula offer flood coverage?
Yes — as an endorsement on the home policy itself rather than a separate standalone policy: the same carrier, the same paperwork, a single renewal date. Keep the framing straight, though: some amount of flood coverage belongs on every Florida home, and the real decision is the amount. Flood pricing follows the individual property — distance to the nearest source of flooding, the cost of rebuilding, the height of the first floor — so the useful move is pricing the endorsement and the standalone flood markets for your address side by side, then choosing with both numbers visible.
Do I buy Florida Peninsula through an agent or online?
Both routes are open: the company distributes through 2,500 independent agents and sells through the group’s online quoting portal. The difference is field size — the portal prices this group’s carriers, while an independent agent prices the wider market. At our agency, one entry brings back Florida Peninsula’s quote, often Edison’s beside it, and quotes from 20+ other Florida homeowners carriers, with a licensed Florida agent to sort the differences with you before anything gets decided.
