If you have been impacted by the Hurricane Michael, we are here to help! Please contact our claim reporting hotline 855-252-4615 or 855-CLAIM15. We have a team ready to help you with your claim. Please note that you may not have the same insurer for wind coverage and flood coverage. It is important that you report to the correct carrier if your home suffers wind or flood damage.

Customer Service: 877-858-7445

Financial Strength

SafePoint is proud to be rated favorably by leading independent rating organizations. These companies specialize in reviewing, analyzing and attesting to insurance companies’ financial security and their ability to deliver on promises made to policyholders.

A.M. Best Rating

A.M. Best has assigned a financial strength rating of B (Fair) to Safepoint. Our adequate levels of capitalization, strict risk selection criteria, sophisticated pricing and comprehensive reinsurance program support this rating.

A.M. Best Company is the world’s oldest and most authoritative insurance rating information source.

Visit A.M Best on-line here.

Demotech Rating

Demotech has assigned the rating of A Exceptional to SafePoint

This financial stability rating is an indication of an insurance company’s financial strength.

According to Demotech, an A rating means Safepoint has an Exceptional ability to maintain liquidity of invested assets, quality reinsurance, acceptable financial leverage and realistic pricing while simultaneously establishing loss and loss adjustment expense reserves at reasonable levels.

For details, visit Demotech on-line here.

SafePoint also understands that one very important aspect of writing property insurance in Florida is having a strong catastrophe reinsurance program. SafePoint has finalized our reinsurance program with the following objectives:

  • Safepoint Ground Up Limit for a first event in 2018 is $865m with a combination of traditional reinsurance, the Florida Hurricane Catastrophe Fund and Catastrophe Bonds.
  • Second and third event limits exceed $870m
  • Safepoint entered the catastrophe bond market for the first time in 2015 to sponsor Manatee Re Ltd., a $100m Florida named storm cat bond. Manatee Re 2016 expanded to $95m Class A and Class B.  2018 saw Manatee Re II issuance of $200m.  These are all multiyear bonds.
  • All of our Reinsurance carriers are approved by the FL, LA and TX Departments of Insurance Regulation
  • All of our Reinsurance Companies are A.M. Best Rated A or Better
  • Safepoint retains no more than 12% of capital from a first event basis and 18% capital across two events

Audited SafePoint Insurance Company Balance Sheet

Category Year End 2017 Year End 2016
Assets Cash and Invested Assets $147,787,538 $106,319,923
Other Assets $27,599,033 $32,639,929
Total Assets $175,386,571 $138,959,852
Liabilities Unearned Premiums $40,522,098 $36,355,390
Loss and LAE Reserves $41,329,121 $33,486,886
Other Liabilities $47,419,805 $19,443,997
Total Liabilities $129,271,024 $89,286,273
Capital and Surplus Total Policyholder Surplus $46,115,547 $49,673,579
Total Liabilities and Surplus $175,386,571 $138,959,852

“Thanks for the quick response and help…we would like to move the balance of our insurance to SafePoint when it renews (and) will be speaking to our agent about getting coverage”


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