Olympus Insurance in Florida
Olympus Insurance has written Florida homes — and only Florida homes — since 2007, a specialist launched in Orlando with the state’s own capital program invested in its start and headquartered in Jacksonville today. In January 2026 it added what few Florida specialists have: national coastal-specialty scale and resources standing behind it, with the state’s approval complete and no substantive changes planned. This page lays out the record — who owns it now, how it’s rated, what it writes, how claims work — and how to see its price beside 20+ other Florida homeowners carriers before anything gets signed.
Olympus at a glance
Carrier ratings verified directly with each rating agency.
Founded for Florida — with the state invested in the launch
Olympus Insurance was founded in Orlando in 2007 and wrote its first policies that August — and one launch detail says what the company was built to be: part of its starting capital arrived as a $16.5 million surplus note through Florida’s Insurance Capital Build-up Incentive Program, the state’s own program for capitalizing new Florida carriers. Olympus is a company the State of Florida helped fund into existence, built to write this market and no other.
Nearly two decades on, that is still the shape of the company. Olympus writes in Florida only — a one-state book by design, not by accident of growth — and has been headquartered in Jacksonville since late 2022. The milestones in between run in a straight line: a National Flood Insurance Program partnership added in 2008, the Spartan endorsement package introduced in 2013, claims and underwriting brought in-house in 2015, a dedicated roof-repair program in 2019, and the Elite Repair Program plus a first KBRA rating in 2022.
The book carries real weight. Florida OIR data (May 2026) counts more than 77,000 Olympus policies in force, and by the carrier’s own counts those policies protect more than $74 billion of insured property value across the state. Distribution runs one way: independent agents — more than 950 agency partnerships, by Olympus’s count.
Cornerstone is one of those agencies, and ours holds Gold standing with Olympus. That standing works for you in two specific ways: the quote we build you reflects current knowledge of Olympus’s programs and appetite, and when a quote or a claim needs a person at the carrier instead of a portal, we can reach one. And because we’re independent, Olympus’s number lands beside 20+ other Florida homeowners carriers on your comparison, never alone.
New resources behind a Florida specialist
In January 2026, Olympus Insurance Company and its affiliated reinsurer were acquired by Valence Insurance Holdings — the insurance group affiliated with SageSure, one of the largest coastal-specialty managing general underwriters in the country — while the managing-general-agency side of the Olympus business went to SageSure itself. The plain-English version for a Florida homeowner: the same Florida specialist, now with the scale and resources of a national coastal-specialty network behind it.
The announcements put numbers on that scale: a combined network of roughly 130,000 policies, about $700 million in premium, and some 1,500 Florida agents. And the fit is close — coastal property is SageSure’s entire specialty, and it is the risk Olympus has underwritten in Florida since 2007 — so what joined up here is a Florida specialist and a national one, working the same kind of home.
Two facts anchor the transition for policyholders. First, the state’s approval process for the transaction was completed in December 2025, and the filing states there are no present plans for substantive changes to Olympus — same carrier, same policies, same agent relationships. Second, KBRA reviewed the transaction and, in April 2026, affirmed Olympus’s BBB+ rating with a Stable outlook: a rating agency looking directly at the new ownership and keeping its investment-grade assessment in place.
How Olympus is rated — and the AM Best mix-up to avoid
Two rating agencies currently stand behind Olympus, and we cite both in full — agency, grade, affirmation date:
- Demotech: Financial Stability Rating of A (Exceptional), affirmed June 2026 — a strong grade from the agency that reviews most Florida homeowners specialists.
- KBRA: BBB+ insurance financial strength, Stable outlook, affirmed April 2026 — an investment-grade rating from Kroll Bond Rating Agency, held since it was first assigned in 2022.
Now a correction worth printing, because the error circulates widely: Olympus has no AM Best rating, yet review sites keep listing “AM Best A-” beside its name. That figure is a misreading of the company’s reinsurance standard. Olympus states that every reinsurer in its catastrophe program must be rated A- or better by AM Best or fully collateralized — a bar it sets for the companies backing it, not a rating any agency has issued on Olympus itself. The absence of an AM Best rating is the common arrangement in this market: most Florida homeowners specialists are rated by Demotech or KBRA, whose methods grew up around single-state catastrophe writers. The homework never changes — who rates the carrier, what the grade is, when it was last affirmed — and our guide to Florida home insurance financial strength ratings walks through how each rating agency approaches Florida carriers.
The capital picture behind the grades is specific. Olympus describes its catastrophe reinsurance program as built beyond the 100-year-storm level, with the reinsurer standard above applied across the program. KBRA’s published reviews add two numbers of their own: risk-based capital of 607% at year-end 2023, and materially improved profitability and surplus in 2025.
Olympus is an admitted Florida carrier, and admitted status carries a statutory companion: its policyholders have the Florida Insurance Guaranty Association — the safety net state law maintains behind admitted insurers — standing with them.
What Olympus writes in Florida
The shelf runs deeper than a standard homeowners lineup, and several pieces of it are hard to find elsewhere:
- Homeowners (HO-3) — the flagship of the book, the form most Florida houses are insured on.
- Condo unit-owners (HO-6) — coverage for the unit and its contents; working with your agent, the master-policy boundary questions get asked first on any condo quote, because their answers decide what your own policy needs to carry.
- Landlord (DP-3) — with flexibility many carriers decline: long-term, seasonal, and short-term rentals are all eligible — short-term at a three-day minimum stay — and properties owned by an LLC or corporation qualify.
- Dwelling under construction — coverage while a home is being built, available up to $5 million — a real market for custom builds in progress.
- Scheduled personal property — jewelry, art, and other valuables scheduled at agreed value with no deductible, plus mysterious-disappearance coverage and 90 days of automatic coverage on newly acquired items.
- Flood — through Olympus’s National Flood Insurance Program partnership, in place since 2008. In Florida the flood question is how much coverage, never whether — and we price it beside the home quote.
The endorsement list keeps going: golf cart, animal liability, water and sewer backup, buried utility lines, equipment breakdown, solar panels, screened-enclosure replacement, docks and lifts, and roof replacement-cost treatment on covered losses. Which of these belongs on your policy — and what any of them applies to in a particular loss — comes down to the policy’s own terms, so the list is where the conversation starts, not where it ends.
Then there is Spartan, the package Olympus introduced in 2013. As the carrier describes it, Spartan raises Coverage C — personal property — to 70% of the dwelling limit with open-perils, replacement-cost treatment, and adds $500,000 of liability, identity-fraud coverage, $100,000 of equipment breakdown, and $5,000 of water backup. Subject to the policy’s own terms like every endorsement, it is a single bundle that broadens a standard HO-3 across contents, liability, and home systems — and whether it earns its place on your quote is settled the usual way: working with your agent, line by line.
The claims record — and the Elite Repair Program
By its own count, Olympus has managed claims through 97+ storms and paid more than $730 million in damages across its history — nearly two decades of Florida seasons, worked from inside the state. The structural decision behind that record came in 2015, when Olympus brought claims and underwriting in-house; the people handling a Florida claim are the company’s own staff, and claims can be reported around the clock at 866-281-2242.
The piece worth slowing down for is the Elite Repair Program, launched in 2022 after Olympus ran its roof-repair version starting in 2019. As the carrier describes it: repair contractors are hand-selected and licensed, they complete what Olympus calls “White-Glove Claims Training,” their work carries workmanship warranties, and Olympus handles the scheduling and the payment directly. Set that against what a major repair normally asks of a Florida homeowner — finding a contractor after a storm when every contractor is booked, vetting licenses, chasing schedules and payment — and the value is concrete: on a covered loss, those steps can sit with the carrier instead of with you. How any given claim proceeds comes down to the policy’s terms and the loss itself — and the program is worth knowing about before you ever need it, the kind of coverage detail to talk through with your agent at quote or renewal time.
Leadership matches the specialty. CEO Tim Stroble, in the role since April 2023, is a Naval Academy graduate and Navy veteran whose career runs through senior roles at Zurich, Farmers, and ASI plus service as EVP and COO at Centauri — coastal and Florida property from start to finish. One workplace signal from outside the company: Florida Trend named Olympus among its Best Companies to Work For in 2026.
Who Olympus prices for — and what moves a renewal
KBRA describes the target market as “newer, higher-value homes and financially responsible customers,” and the underwriting behaves the way genuine high-value programs behave: Olympus performs interior inspections on homes more than twenty years old and on homes insured above $750,000 of Coverage A. An interior inspection is the carrier building a rich, per-home picture — materials, upgrades, features, condition — and a richer picture widens options, because it prices the home that exists rather than a square-footage assumption. Home age, construction, and dwelling limit are inputs carriers use to fine-tune underwriting and premium; no segment of homes is a better or worse grade than another, and no single carrier’s appetite is a verdict on your house.
Renewal pricing runs on its own mechanics, separate from appetite. A renewal reflects the inflation adjustment on your Coverage A rebuild limit, your home’s documented roof age, your insurance score, and any endorsement changes — each carrier weighs those its own way, and our guide to why Florida home insurance premiums move walks through every driver. Working with your agent, an annual review lines the pieces up, gets the documentation your home has earned onto the file, and then checks the number against 20+ Florida homeowners carriers priced on the same answers — the comparison that shows whether your renewal still leads the lineup.
Two ways to use this page
Already an Olympus policyholder?
You’re with a rated, Florida-built specialist that now carries national coastal-specialty resources behind it — and a yearly review is still what keeps a policy earning everything it qualifies for, because credits and home updates count only once they’re written in. Share your current policy through Canopy Connect, the secure link that reads your declarations page so nothing gets retyped, and working with your agent, the review starts from the coverage you hold today — Coverage A, endorsements like Spartan, the flood answer — and finishes with what the rest of the market says about a home like yours.
Shopping and seeing Olympus quoted?
Its name on your comparison is a signal in itself: this is a carrier with a deliberate, documented appetite, so an Olympus quote usually means your home fits the profile it prices for. Finish the picture before you choose — one entry with us returns Olympus’s price beside 20+ other Florida homeowners carriers, all priced on the same coverage answers, with a licensed Florida agent walking you through the differences that matter.
Olympus Insurance: your questions, answered
Is Olympus a good insurance company?
Here is the public-record footing: Olympus has been a Florida homeowners specialist — writing in this state only — since 2007. It carries a Demotech Financial Stability Rating of A (Exceptional), affirmed June 2026, and an investment-grade BBB+ (Stable outlook) from KBRA, affirmed April 2026. Florida OIR data (May 2026) counts more than 77,000 policies in force, and by its own count the company has managed claims through 97+ storms across its history. Whether it is the right carrier for your home is a lineup question: set its quote beside 20+ Florida homeowners carriers priced on the same answers, and the comparison gives you the verdict for your address.
Who owns Olympus Insurance — and did SageSure buy it?
In January 2026, Olympus Insurance Company and its affiliated reinsurer were acquired by Valence Insurance Holdings — the insurance group affiliated with SageSure, one of the country’s largest coastal-specialty managing general underwriters — while the managing-general-agency side of the business went to SageSure itself. The state’s approval process was completed in December 2025, and the filing states there are no present plans for substantive changes to Olympus. The practical read is resources: the announcements describe a combined network of roughly 130,000 policies, about $700 million in premium, and some 1,500 Florida agents — a Florida specialist with national coastal-specialty scale now behind it.
How is Olympus rated — and does it have an AM Best rating?
Olympus is rated by two agencies: Demotech, at A (Exceptional), affirmed June 2026, and KBRA, at BBB+ with a Stable outlook, affirmed April 2026 and first assigned in 2022. It has no AM Best rating — and the “AM Best A-” figure that circulates on review sites is a misreading: A- or better is the minimum standard Olympus sets for the reinsurers backing its catastrophe program, not a rating issued on the carrier itself. Read any carrier’s rating in three parts — the agency, the grade, and the affirmation date — and remember that Demotech reviews most of the specialists writing Florida homes, so a Demotech-plus-KBRA profile is the normal shape in this market.
Is Olympus only in Florida?
Yes — and by design rather than by limitation. Olympus has written Florida property, and only Florida property, since 2007; it was launched partly on capital from the state’s own Insurance Capital Build-up Incentive Program, so the single-state focus is the founding plan, not a stalled expansion. Concentration like that is the profile Demotech’s rating method was built to evaluate. And because Olympus is an admitted Florida carrier, its policyholders also have the Florida Insurance Guaranty Association — the statutory fund behind admitted insurers — standing with them.
What is Olympus’s Spartan package?
Spartan is the endorsement package Olympus introduced in 2013. As the carrier describes it, the bundle raises Coverage C — personal property — to 70% of the dwelling limit with open-perils, replacement-cost treatment, and adds $500,000 of liability, identity-fraud coverage, $100,000 of equipment breakdown, and $5,000 of water backup. Like every endorsement, what applies in any particular loss comes down to the policy’s own terms — so whether Spartan belongs on your policy is settled on the quote itself, working with your agent, with the price difference in front of you.
Does Olympus offer flood insurance?
Yes — Olympus has partnered with the National Flood Insurance Program since 2008, so flood can be quoted alongside the home policy. Flood is always its own policy, and in Florida the question is never whether to carry it — every home here has some flood exposure — but how much coverage the home needs. The premium follows the property itself: distance to a flooding source, rebuild cost, and elevation. We price flood beside the home quote, so the home answer and the flood answer arrive together.
Will Olympus insure my rental property?
Olympus writes the DP-3 — the landlord form — with flexibility that stands out in our lineup: long-term, seasonal, and short-term rentals are all eligible, short-term with a three-day minimum stay, and properties owned by an LLC or corporation qualify. Whether it prices your rental best is a property-by-property question, since construction, age, roof, and location carry different weight with every carrier. One entry prices the rental across our DP-3 markets, Olympus among them, and the quote sheet shows which market fits your address.
How do I file an Olympus claim?
File the claim with Olympus directly — online, or by calling the carrier’s claims line at 866-281-2242, which answers around the clock; [email protected] reaches the claims team by email. Filing with the carrier is the fastest route to an adjuster, and it is where the Elite Repair Program lives: as Olympus describes it, hand-selected licensed contractors handle covered repairs with workmanship warranties, and the carrier manages the scheduling and payment — worth asking the adjuster about once the claim is open. Your agent’s work comes earlier: before a loss, talking through what the policy is designed to do, where the deductibles sit, and whether the coverage still fits the home. Bring those questions to us any time; coverage for any particular loss comes down to the policy’s own terms.
