The latest update from Orion180 for you;
Orion180 Insurance Group Inc. (“Orion180”) (NASDAQ: OIG), and a leading provider of flexible, customer-centric homeowners and flood insurance, announces the launch of FlexLuxe Homeowners Insurance in certain coastal counties in Florida and throughout Texas, a specialized homeowners insurance product offering higher coverage limits, customizable protection, and dedicated service for high-value properties.
Building on Orion180’s award-winning FLEX Home Insurance platform, FlexLuxe offers dwelling coverage of up to $5M and Total Insured Value of up to $7.5M. For homeowners requiring $2M to $5M in dwelling coverage, insurance needs often extend beyond the primary residence to guest houses, detached structures, and other distinctive property features. FlexLuxe addresses this specialized market segment by offering higher limits and customizable coverage options designed to accommodate the full scope and complexities of these properties.
“The high-value homeowners have distinct insurance needs, and we see an opportunity to address those needs with a more personalized approach,” said Ken Gregg, Founder and CEO of Orion180. “FlexLuxe goes beyond higher coverage limits, combining thoughtful underwriting, flexible protection, and exceptional, dedicated service to deliver a seamless insurance experience for homeowners and their most valuable assets.”
FlexLuxe also integrates proactive risk-mitigation technology into its coverage offering. Every policy includes Orion180’s complimentary Automatic Water Turn-Off System (AWTOS®), which monitors water flow, pressure and temperature to help reduce the risk of costly water damage.
Extending Orion180’s award-winning approach to customizable coverage, FlexLuxe offers flexible deductible options, optional co-pay structures, extended replacement cost coverage, and specialized coverages that allow homeowners to tailor protection to their individual needs. Optional coverages include cyber protection, solar panels, increased special limits, and large loss deductible waivers. Scheduled personal property coverage provides additional choices for protecting eligible high-value possessions.
FlexLuxe is currently available through partner agencies in Florida and Texas, with launch in California and other states expected soon. Learn more. Agents interested in becoming a FlexLuxe partner can click here.
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