Phone Number: 954-581-9993
Address: 14050 NW 14th St #180, Sunrise, FL 33323
Federated National Holding Company, established on March 7, 1991, is an insurance company that regulates significantly most of the steps in the underwriting of insurance, claims and distribution processes via its contractual relationships with general agents as well as with independent agents and its subsidiaries. The Company is approved to guarantee homeowners’ multi-peril, commercial general liability, federal food, personal automobiles, and a few other insurance lines in Florida and a few other states. Its insurance subordinate is FNIC (Federated National Insurance Company). FNHC distributes and markets third-party insurers’ and its own products and some other services through a system of autonomous agents. It offers through a contractual relationship with a group of roughly 3,500 independent agents, among them around 1,800 effectively offer service and a preferred number of common agents.
The Company is approved to guarantee homeowners’, business general liability, allied lines, fire, and commercial and personal automobiles coverage in Florida.
Federated National Insurance Company – Homeowners’ Property and Casualty Insurance
FNIC guarantees homeowners’ coverage in Louisiana and Florida. Property holders’ insurance ensures a proprietor of personal and real property against secured reasons of misfortune to that property. The number of homeowner policies of Louisiana in-use totaled roughly 400 at 31st December 2013. Its product of homeowner insurance gives maximum dwelling insurance in the sum of roughly $3 million.
Federated National Insurance Company – Commercial General Liability
It underwrites general commercial liability coverage for around 380 groups of artisan (apart from developers and homebuilders) and mercantile investments (for example, landlords, owners, and tenants). The liability limits vary from $100,000 per occurrence ($200,000 aggregate of policy) to $1 million per occurrence ($2 million aggregate of policy). The company advertises the commercial liability coverage products via independent agents and also a restricted count of unaffiliated general agencies with the Organization.
Federated National Insurance Company _ Personal Automobile
Personal automobile insurance markets are usually separated into a two groups, nonstandard automobile, and standard automobile. Insurance of Standard personal automobile is given to those insureds who at hand gives the profile of average risk with regards to vehicle type, driving record and other factors. Insurance of Nonstandard automobile is given to those insureds that are not able to get coverage of standard insurance due to vehicle type, driving record, age or other factors, incorporating economic conditions. The average insurance of non standard personal automobile, since 31, December 2013, in power will be roughly $987 for a policy of 12-month coverage in Florida and roughly $158 for a policy of 3-month in Texas.
Federated National Insurance Company- Managing General Agent Services
FNU, a completely owned Company subsidiary, serves as exclusive managing FNIC’s general agent in Florida and is additionally authorized as a general managing agent in the US involving Georgia, Alabama, Mississippi, Louisiana, North Carolina, Missouri, South Carolina, Nevada, Virginia and Texas. FNU has constructed with a few unaffiliated insurance agencies to offer business general liability, personal umbrella, workers compensation, inland marine and some other insurance lines through FNU’s current network agents.