In mid‑2025, Florida’s overhaul of its insurance market hit a milestone: Incline National Insurance Company and Florida Insurance & Reinsurance Company (Florida Re) were officially approved to write policies statewide, boosting competition and choice for luxury homeowners in Naples.
Why This Matters for Naples Luxury Homes
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More Options = Stronger Bargaining Power
These additions increase the total to 14 new property & casualty carriers since the 2022–23 reforms, offering policies tailored to high-value homes. Greater supply helps drive more competitive pricing. -
Specialized Coverage for Upscale Properties
– Incline National enters with statewide homeowners’ multi-peril and inland marine products.
– Florida Re is positioned for condo associations and smaller commercial buildings—beneficial for luxury condominium owners in prestigious developments like Park Shore and Old Naples. -
Market Stabilization and Surplus Growth
These insurers bring significant capital and added policyholder surplus, which supports financial resilience and means they’re better equipped to cover claims from hurricanes or flooding.
What Naples Homeowners Can Expect
1. Competitive Premiums
With more carriers vying for business, we expect to see rate stabilization or reductions—especially for upgraded properties with mitigation features.
2. Tailored Coverage Options
These new entrants may offer policies designed for luxury and coastal properties, including options for multi-peril risks, condo coverage, or umbrella extensions.
3. Improved Claims Experience
New carriers often focus heavily on customer service and fast claims processing, aiming to establish strong reputations in a market wary of delays.
4. Continued Regulatory Monitoring
Thanks to ongoing legislative reforms reducing litigation abuse, insurers see lower legal risks—a key reason so many are entering the Florida market.
Tips for Naples Luxury Homeowners
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Shop Around Now: With new players like Incline and Florida Re on the horizon, get multiple quotes to compare pricing and coverage.
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Highlight Risk Mitigation Investments: Insurers prefer homes with hurricane straps, impact windows, and modern HVAC systems.
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Ask About Specialty Products: Florida Re may offer condo association coverage with wind-deductible features; Incline could bundle inland marine for high-value contents.
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Stay Agile: As additional companies enter the market, prices could further decrease—closing a policy mid-year may be advantageous.
Why The Earls | Lappin Team Supports You
As luxury real estate advisors in Naples, we stay connected with local insurance professionals to help you:
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Understand new policy types and carriers
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Evaluate quotes and deductibles
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Negotiate premiums through expanded options
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Identify optimal timing for renewals or switches
Our priority is protecting your investment with confidence and clarity.
In Summary:
The entrance of Incline National and Florida Re into the Florida market means greater choice, better pricing, and potential for more tailored coverage—especially for luxury homeowners in Naples. In a dynamic environment, the Earls | Lappin Team is here to guide you through the evolving insurance landscape.