Orion180 introduces FLEX Home Insurance product
Insurance provider Orion180 is introducing its FLEX Home Insurance product in Texas.
FLEX is a surplus lines product that introduces an “innovative and flexible approach” to insurance coverage. Homeowners begin with essential protections – such as fire and lightning coverage – and build out their policies to fit their needs and budget.
Highlights of FLEX Home Insurance include:
- Customizable Coverage Options: Policyholders can select perils based on their risk tolerance and needs, ensuring they can balance cost and risk for what matters most.
- Adjustable Deductibles and Copay Options: Homeowners can balance upfront costs and long-term savings by choosing deductible and copay levels that align with their financial comfort.
- Loyalty Rewards: Homeowners who experience no losses can earn deductible reductions, no-loss dividends, or even a full refund of their first-year premium after ten years of claim-free coverage.
- Rate Lock Features: A two-term price lock ensures premium stability, shielding policyholders from unexpected rate increases.
Currently available through select insurance agents in Texas, FLEX Home Insurance will expand to Florida and other states in the spring of 2025.
“We believe insurance should be adaptable to the lives of our customers—not the other way around. FLEX Home Insurance empowers homeowners with choice to design their policies around their individual preferences and priorities, offering unparalleled transparency, flexibility, and peace of mind. FLEX gives homeowners the ability to balance affordability and protection that our competition simply doesn’t deliver today.” – Ken Gregg, CEO of Orion180.
