Edison Insurance Review 2023

Essential Factors to Consider | ⭐️⭐️⭐️ 

TLTR: This article provides a comprehensive review of Edison Insurance. We look closely at their customer service and the coverage they provide. To help you decide whether or not this company is the best fit for your needs, we also discuss some critical pros and cons, Edison Insurance company rating, and other crucial variables

This blog is provided for educational purposes only, and we do not guarantee the accuracy, timeliness, or completeness of any information on this website. We’ve made every effort to ensure the accuracy of the information presented. However, it should not be sworn in as grounds for making any business or other decisions. We also recommend getting expert advice based on the information provided here before making any decisions. 

In this blog

About Edison Insurance

Founded in 2005 in St. Petersburg, Florida, Edison Insurance is a leading insurance provider that serves customers throughout Florida with a wide range of homeowners insurance products and services. With simple quotation and servicing tools, the insurance business Edison seeks to streamline the insurance process and make it as apparent as possible. It gives insurance products a wide range of customizable options, enabling clients to only pay for what they need. 

The company boasts a broad family of insurance agents and employees with over 200 years of combined insurance experience. With an “A Exceptional” Financial Stability Rating® from Demotech, Inc., Edison Insurance has over 170,000 policyholders who trust them to provide quality and affordable insurance products.

Source: Edison Insurance

Edison Insurance – Pros and Cons

Pros

Cons

 

  • High BBB rating
  • Provides 24/7 online claims support
  • Settles claims quickly
  • Has local agents statewide
  • Offers identity theft coverage

 

  • Only available in 1 state.  
  • There are no auto, business, or life insurance products available.  
  • It does not have detailed information online, so contacting an agent is necessary. 
  • Not rated by AM Best. 
edison_insurance_infog_alt

Image: Edison Insurance

Edison Insurance Review – Our Thoughts

For people looking to buy homeowners insurance in Florida, it’s vital to look at all your options, including Edison Insurance. To keep homeowners’ insurance costs in Florida from being too high, Edison Insurance Company offers discounts and incentives for their customers. Edison Insurance collaborates with external vendors to assess homes using drones and satellite mapping. This helps them to give customers the most accurate and detailed information about their home insurance policy.

Edison Insurance is widely known for providing exceptional customer service. Before committing to a new policy, the company rapidly obtains property information from state and local sources using the new agent quoting system, Duck Creek, launched in 2020. Additionally, Edison actively spreads its risks to benefit from the most competitive reinsurance prices. Customers can benefit from this by obtaining more economical homeowner insurance policies.

However, suppose you’re looking for a more comprehensive package of coverage that includes multiple lines of insurance and looking to bundle your insurance policies. Edison Insurance may not be the best choice for you. Additionally, you may want to look elsewhere if an insurance company with a solid online presence is your preference. 

Overall, with their commitment to providing quality insurance services at a reasonable cost, Edison Insurance is a great choice for anyone searching for an affordable and dependable insurance provider. With Edison Insurance, customers can be certain to get the most competitive condo and homeowners insurance rates and coverage for their needs. 

Connect With The Best Insurance Agents Near You

Contact a local agent online to help you with your insurance needs.

Edison Insurance Reviews and Ratings

Customer Reviews 

Reviews

Rating

I had a wonderful customer experience! After some damage to my backyard, I got a call from an adjuster a day or two later, and he came out at my convenience to look over the claim and process it. I paid nothing when it was all said and done. Since I live in a forest area and my policy already included tree damage coverage, the deductible, and that coverage took care of everything. I’m really happy with how things turned out overall.   ⭐️⭐️⭐️⭐️⭐️ 
It’s the first time we’ve ever made a claim to an insurance provider. When the Edison Insurance representative met with the roofer we hired, he was polite, pleasant to speak with, and a professional who thoroughly explained the process. Edison has undoubtedly made this a wonderful experience. I’m grateful.  ⭐️⭐️⭐️⭐️⭐️ 
My claim was settled about a month after the incident. My examiner couldn’t get back to me since they were on vacation. It would have been excellent if it could have been given to someone else for accelerated processing. Except for this, the service was great. ⭐️⭐️⭐️ 
I had an excellent experience with a claim for roof damage after a weather occurrence. I was pleasantly delighted by the claim’s speed, prompt resolution, and communication. The only issue is that I wish their online portal for the claims were more reliable.

⭐️⭐️⭐️⭐️ 

 

After hurricane Irma, checks and a study of the damage were quickly received. I wished I had had a copy of the damage report from the adjusters. I don’t know what was filed, and it took the adjuster around 30 days to send the report to the insurance provider. 

⭐️⭐️⭐️ 

 

Source: Google Reviews, Edison Insurance 

Third-Party Reviews

Organization

Edison Insurance Rating

Description

Better Business Bureau A+ Business is conducting itself in a trustworthy manner, and it will try its best to address any complaints from clients.
Demotech A Exceptional Financial Stability Rating 

Edison Insurance has an A+ rating and accreditation from the Better Business Bureau. Additionally, Edison Insurance has a reputation as a financially stable carrier, which has helped them obtain and maintain an “A-Exceptional” Financial Stability Rating® from Demotech, Inc., an independent financial analysis and actuarial services provider trusted by the majority of lenders and mortgage companies. 

Things To Know About Edison Insurance

Edison Insurance Products 

Homeowners Insurance  

Edison Insurance is committed to making the process of getting homeowner’s insurance as smooth as possible. Other property coverages, personal liability coverage, medical payments coverage, loss of use coverage, and dwelling coverage are all included. Further, Edison provides homeowners insurance plans with affordable and thorough ranges you can rely on in times of need. 

  • Dwelling Coverage 
  • Personal Property 
  • Loss of Use 
  • Personal Liability 
  • Medical Payments 

Condo Insurance 

Edison Insurance also offers condo insurance coverage, designed to protect you from damage to your personal property and liability for any damages or accidents that may occur in your unit. Due to Florida’s geographic location, it is important to consider that one storm could easily financially disadvantage a family and take years to recover. That makes it all the more important to get reliable condo insurance. 

  • Dwelling Coverage 
  • Personal Property 
  • Loss of Use 
  • Personal Liability 
  • Medical Payments 

Edison Flood Insurance  

In addition to its comprehensive homeowner’s insurance coverage, Edison Insurance also offers one of the best flood insurance policies in the state. Because Florida receives an equivalent of 5 feet of rainfall annually on average, flood insurance is a must-have for all residents in Florida. Edison’s flood insurance coverage is designed to protect property owners and renters against damage caused by storms, overflowing lakes and canals, excessive rainfall, and drastic floods.  

Additionally, the insurance firm provides great information on its website to help customers, such as whether flood insurance is necessary if you are not in a flood zone and how much flood insurance is needed in Florida. Here’s what Edison Insurance’s flood insurance policies cover: 

  • Appliances 
  • Carpet and flooring 
  • Cabinets 
  • Electrical and plumbing 
  • Heating and air units 

Edison Identity Theft Insurance 

Edison Insurance helps you protect yourself and your family from identity theft. The company offers a comprehensive coverage plan to restore the funds stolen from accounts, help with credit monitoring services, and legal fees associated with the recovery process. With this coverage, you also get personal assistance to help monitor your credit and mediate between you and your creditors. Additionally, when it comes to security, Edison Insurance utilizes the latest encryption technology to keep your information safe.

Policies and Services Provided by Edison

Homeowners Insurance Coverage

Condo Insurance

Flood Insurance

Identity Theft Coverage

  • Dwelling Coverage 
  • Personal Property 
  • Loss of Use 
  • Personal Liability 
  • Medical Payments 
  • Dwelling Coverage 
  • Personal Property 
  • Loss of Use 
  • Personal Liability 
  • Medical Payments 
  • Building coverage 
  • Contents coverage 
  • Losses directly related to floods 
  • Lost employer-documented pay 
  • Legal costs 
  • Costs for loan reapplication if your initial application was turned down due to fraud 
  • Personal support to help you keep an eye on your credit and act as a mediator with your creditors

Edison Insurance Cost

Edison Insurance offers competitive rates for both condo and homeowners insurance. The cost of the policy will vary depending on your location, the size of the property, and what type of coverage you choose. Additionally, there are several discounts available that can help you save money on your premium.  

Edison Insurance offers competitive rates for both condo and homeowners insurance. While the cost of your policy can be higher than other companies, the coverage and customer service offered by Edison Insurance make it a great value. 

The best way to save money on your insurance policy is by talking with an agent or reviewing the quote process. The more information you have about your policies, the better. Talk to an agent, determine what discounts you qualify for, and evaluate your policy once a year for further savings.

Conclusion

Edison Insurance is a significant provider of insurance policies in Florida and is dedicated to providing its customers with comprehensive coverage and exceptional customer service at a competitive rate. With its focus on technology and data-driven solutions, Edison Insurance is well poised to provide Floridians with a reliable source of insurance coverage.  

While Edison only offers its service in 1 state, it is certainly a great choice for homeowners and condo owners in Florida. The company provides excellent customer service, comprehensive coverage, and competitive rates. With its dedication to providing customers with the best possible policy, Edison Insurance is the right choice if you’re looking for an insurance provider to protect your home and family in their time of need.  

It’s crucial to know that the coverage price can change depending on the state in which it’s supplied and what kinds are necessary. Therefore, before selecting your insurance policy, seek a quote from Edison or contact a local insurance agent in Edison to compare it to those other companies offers.  

Connect With The Best Insurance Agents Near You

Contact a local agent online to help you with your insurance needs.

Frequently Asked Questions

Is Edison Insurance a reliable insurance company?

Yes, Edison Insurance is a reliable insurance company. The company offers comprehensive coverage, competitive rates, and an online quoting system through Duck Creek. In addition, Edison Insurance has an excellent customer service team ready to answer any questions you might have about your policy or provide assistance when filing a claim. With their commitment in providing customers with the best possible policy, Edison Insurance is a reliable insurance company you can trust.

Is Edison Insurance good at paying claims?

Yes, Edison Insurance is good at paying claims. The company has a dedicated team of customer service representatives ready to answer any questions about filing a claim and help resolve any issues that may arise during the process. Additionally, Edison Insurance offers a convenient online portal where customers can quickly check the status of their claims.

What is Edison’s insurance rating?

Edison Insurance has an A+ rating with the Better Business Bureau (BBB). The BBB rating demonstrates that customers have had high satisfaction levels when dealing with Edison Insurance and that the company provides reliable services. Since they commit to providing customers with the best possible policy, Edison Insurance’s A+ rating is a testament to its reliability and customer service.

Connect With The Best Insurance Agents Near You

Contact a local agent online to help you with your insurance needs.

Agency Height is an insurance directory devoted to connecting agents and potential insureds. For insurance seekers, we provide a free platform to evaluate different insurance alternatives and discover the best coverage for their requirements. Agency Height also assists agents in discovering important information and features that will enable them to make sound career decisions. 

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