Gulfstream Insurance Review

Gulfstream Insurance Review: What the Data Says

Note: On July 28, 2021, Gulfstream Property and Casualty Insurance Company was ordered liquidated by the Second Judicial Circuit Court in Leon County, Florida. The Florida Department of Financial Services is the court-appointed receiver of Gulfstream.

Gulfstream policies were cancelled at 12:01 a.m. on August 27, 2021.

This Gulfstream Insurance review explores objective data – what real customers say and average premium – to give you a sense of where the company excels. Our hope is this review can help you make informed choices when shopping for the best home insurance.

Gulfstream Insurance is an insurance carrier that offers homeowners, condo, renters, flood, and dwelling fire coverage in Florida and Louisiana. The company has less than 1 percent of the Florida homeowners insurance market share and maintains an A, Exceptional, rating from Demotech.

Gulfstream Insurance Customer Reviews

Gulfstream’s customer reviews on Clearsurance are few and far between, only 10 in total, making it difficult to see trends in customer experience. It has an average rating of 2.3 out of five stars.

Critical reviews stem from claims experiences and cancellations. Positive reviews cite a pleasant experience and good pricing.

By contrast, our average rating is 4.8. In our 1,500 customer reviews on Trustpilot, folks often cite our knowledgeable staff and overall friendliness. Our representatives work hard to get homeowners coverage quickly, but not at the sake of the customer relationship. Our staff understands protecting your home is no small matter.

Bottom line: When customers are the highest priority, it shows.

Gulfstream Insurance Average Premium

Gulfstream Insurance’s homeowners insurance premiums for a $300,000 newly built home is $1,783 on average. Ours is $1,354, about 31 percent cheaper.

As you shop for insurance, consider other factors beyond price. The best companies are price competitive, offer robust coverage, and have great customer reviews.

Average Annual Premium for a $300k Newly Built Home

State Kin Average Premium Gulfstream Average Premium
Florida $1,354 $1,783
Louisiana $1,565 TBD

A note about our average price: This average reflects pricing throughout the state. Your actual cost depends on your location, home size, construction, and claims history. Many of our customers save $500 on average when they switch to us.

Gulfstream Insurance Claims

There aren’t many public reviews about the Gulfstream claims process – at least not enough to discern whether the complaints we saw were flukes or commonplace. So we won’t weigh in here.

We can account for our process, though. We believe claims is when an insurer should make good on the promises of an insurance policy. It should be an opportunity to shine.

When a policyholder reports a loss, we guide them through next steps, help arrange virtual inspections when possible, and come to a fair settlement. Once that’s approved, our customers who opted in for our Managed Repair Network are instantly connected with vetted local, licensed, and insured contractors. That way, they experience as little downtime as possible.

If you’re looking for a better insurance experience, come see what we’re about and get a quote today.

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