Actual Cash Value vs. Replacement Cost- What’s the Difference?

The main reason we, as consumers, obtain insurance policies is to provide protection in the event of a loss. It offers peace of mind knowing that if we have damage to our homes we will, in most cases, be reimbursed for those damages. Some carriers, like the National Flood Insurance Program (NFIP), don’t offer full […]

TypTap Home: Valuable Coverages

Recently, to much excitement from agents and policyholders, we announced the launch of the new TypTap Homeowners product for the state of Florida. Over the past two years with TypTap Flood we have fine-tuned the technical aspects of Underwriting to allow for seamless quoting and binding experience that gives users the ability to bind a […]

Common TypTap Objections

In a perfect world everyone would know the ins and outs of your company or product and you would not be met with any objections. However, this isn’t a perfect world, and some consumers – and, agents! – may have questions about a TypTap Home or Flood policy and whether it is the best fit […]

Where Does TypTap Flood Write Policies?

The Launch of TypTap Flood A few short years ago there was a need for more Private Market flood insurance alternatives for homeowners in Florida. TypTap President and CEO, Paresh Patel, saw that need and decided to do something about it. So, in March of 2016 Florida’s first admitted private market flood insurance carrier was […]

The 2018 Hurricane Season

Hurricane Season is here NOAA is predicting a 75% chance that the 2018 Atlantic hurricane season will be near or above normal, which means a prediction of 10-16 named storms of which 1 to 4 could be major hurricanes. If you remember the 1-2-3 punch of Harvey, Irma, and Maria last year, you will know […]

InVEST: Insurance Education for Future Leaders

How many times have you come across a task or responsibility and thought, “Man! I wish they had taught me THAT in school!” We both can embarrassingly say that this thought has crossed our minds more than once…whether it was knowing how to properly do taxes, how to change a flat tire, or knowing the […]

HCI Group Launches InsurTech Platform for Homeowners’ Insurance

TAMPA, Fla., April 25, 2018 (GLOBE NEWSWIRE) — HCI Group, Inc. (NYSE:HCI) announced today that its wholly owned insurance subsidiary, TypTap Insurance Company, has extended its proprietary online quoting and binding platform to include homeowners’ insurance. Previously, the platform was limited to offering TypTap’s flood insurance product.  “Over the past two years TypTap’s InsurTech platform has made […]

HCI Group InsurTech Platform Surpasses $10 Million

TAMPA, Fla., April 12, 2018 (GLOBE NEWSWIRE) — HCI Group, Inc. (HCI) announced today that TypTap Insurance Company, HCI’s technology focused insurance subsidiary, has surpassed $10 million in gross written premiums. TypTap, which provides residential flood insurance in Florida, features HCI’s internally developed, online quoting and binding platform. Accessible from any internet capable device, the […]

The NFIP is increasing rates soon. Is TypTap too? (Hint: we’re not!)

  Not a prank, the NFIP is raising rates on  April 1st   Spring has officially begun! We can expect warmer weather, fresh flowers, and annual premium rate increases by the National Flood Insurance Program (NFIP). Beginning April 1, 2018 policyholders will see an average rate increase of 8% if their policy is with the […]

Loss of Use: Do I have it on my flood policy?

What is Loss of Use? Loss of Use, or Additional Living Expense, may sound familiar from your homeowners insurance policy, but it can also be found on some flood insurance policies. Loss of use coverage covers any additional living expenses, meaning any necessary expense that exceeds what you normally spend. Today we are going to take […]

Are You Prepared for Hurricane Season?

As you know, hurricane season officially begins on June 1st each year. While that may seem like a long time from now it is never too early to begin your hurricane preparations. And, in the wise words of Benjamin Franklin, “an ounce of prevention is worth a pound of cure.” So, today we’ll take Ben’s […]

What is an Elevation Certificate?

Let me start with some great news! TypTap does not require an elevation certificate to purchase a flood policy. We can do this not because we think the information provided on an elevation certificate isn’t important (it is), but we can lift this burden from the client and partner agencies because of the proprietary software […]

What is a flood insurance deductible and how does it work?

Like most other insurance products, your flood insurance has a deductible as part of the policy. But what exactly is a deductible? According to the Insurance Information Institute a deductible is defined as:              “An amount of money that you yourself are responsible for paying toward an insured loss. When a disaster strikes your home […]

What is a Flood?

TypTap is based in Florida so as you might imagine Hurricane Irma has been a big topic of conversation over the last few months; and most of these conversations are discussing claims.  According to the Florida OIR (Office of Insurance Regulation) just under half of those claims have been closed without payment. Many policyholders, not […]

What Does Private Market Flood and Admitted Mean?

Flood insurance can be a complex subject for those who don’t have experience in the industry. To make it more confusing carriers use words like “Private Market” and “Admitted” as a selling point for their products. But are these words just fancy sales tactics to try and lure you in or do they actually have […]

Who is TypTap?

So, who is TypTap you’re wondering? TypTap is Florida’s FIRST admitted, Private Market stand-alone flood insurance carrier. It’s a mouthful, we know. It’s fancy words for: TypTap is the first admitted alternative to the National Flood Insurance Program (NFIP) for flood insurance. TypTap believes in providing quality flood insurance without the hassle. Simplicity. Fairness. Choice. These […]

HCI Group Appoints Former E.W. Blanch CEO, Ted Blanch, as President of TypTap

ISSUER DIRECT: TAMPA, Fla., June 06, 2016 (GLOBE NEWSWIRE) — HCI Group, Inc. (NYSE:HCI), a holding company primarily engaged in homeowners insurance, with additional operations in reinsurance, real estate and information technology, has appointed insurance industry veteran Ted Blanch as president of TypTap Insurance Company, HCI’s new online insurance company. Blanch brings years of industry experience to TypTap, […]
Kevin Mitchell and Paresh Patel see a big opportunity in the Florida flood insurance market. Photo by Mark Wemple

Tap into it

BUSINESS OBSERVER: The Florida flood insurance market, valued by the Federal Emergency Management Agency at just less than $1 billion, is by far the largest of any state nationwide. Tampa-based insurance firm HCI Group wants a piece of that market — even though the risk and potentially large payouts make it notoriously tough to make […]

A Look at TypTap, the newest program of Homeowner’s Choice, Inc.

PARTNER CONNECTIONS: Forget what you thought you knew about obtaining flood insurance. TypTap Insurance Company, a newly-formed HCI Group, Inc. subsidiary, is now Florida’s first licensed insurer to focus solely on flood insurance. This online platform for quoting and binding flood insurance policies promises to have you completely insured in mere minutes. TypTap was created […]

HCI Group Launches

ISSUER DIRECT: Online Platform Provides Quotes in Seconds and a Policy in Minutes TAMPA, Fla., March 09, 2016 (GLOBE NEWSWIRE) — HCI Group, Inc. (NYSE:HCI), predominantly engaged in homeowners insurance, reinsurance, real estate and information technology, has launched, an online platform for quoting and binding flood insurance policies in Florida. TypTap provides a new […]
TypTap app

New company says it’s Florida’s first licensed solely to sell flood insurance

SUN SENTINEL: The first property insurance company that responded to Florida legislators’ 2013 call for more private flood solutions says it’s created another first. Homeowners Choice Property & Casualty has built what it says is Florida’s first regulated insurance company licensed solely for flood insurance. The website for the new company, called TypTap, went live […]