Ark Royal Insurance
Company Type: Private
CEO: Dennis G. Ruppel
Headquarters: St. Petersburg, FL
# of Employees: Unknown
A.M. Best Financial Stability Rating: A-
About Ark Royal
Ark Royal Insurance Company has offered homeowners insurance to Florida property owners since 2008. Ark Royal is managed by ASI Underwriters, an insurance group that offers policies through a network of independent agents across the United States. Ark Royal is considered a top 100 U.S. Homeowners Multi-Peril Insurer and they have a Demotech rating of A/Exceptional for financial stability.
Ark Royal was founded in Florida, a state that faces a considerable amount of natural disasters. Because of the threat of natural disasters, Ark Royal has purchased Excess of Loss and Catastrophe Reinsurance that is twice the required minimum standard. Ark Royal Insurance is also growing. According to the company website, Ark Royal gets more than 100 new policyholders each day.
The company offers four core policies: Homeshield plus, condominium coverage, dwelling fire insurance and owner-occupied homeowner coverage. Ark Royal can also assist customers in purchasing other insurance coverage, including flood, excess flood and umbrella policies through their partner ASI.
Ark Royal Insurance is a Florida-based company, and their coverage generally leans towards the needs of Florida homeowners who want to be safe in the sometimes-disastrous weather that the state has to offer. Customers can see what coverages are available on Ark Royal’s website.
Customers with the Ark Royal Insurance company can access their policy information 24/7 by going online. Ark Royal customers will be redirected to ASI’s website because Ark Royal’s policy access and claims process are provided by ASI Underwriters. Whether online or by phone, both Ark Royal Insurance and ASI are committed to delivering the highest level of customer service possible.
The company is partnered with ASI, also known as American Strategic Insurance. ASI was founded in 1997 and they currently offer policies in 27 states. ASI was acquired by Progressive in 2015 and they are considered to be one of the 18 largest homeowners insurance carriers in America. ASI has a financial stability rating of A from A.M. Best Company.