Interboro Insurance

What Interboro Insurance does

Interboro Insurance Company is a New York-domiciled property and casualty insurer specializing exclusively in personal homeowners insurance for the New York market. Founded in 1914 (with predecessor origins dating to 1884) and headquartered in Jericho, New York, the company operates as a privately held subsidiary of United Insurance Holdings Corp. (UPC Insurance) following UPC's April 2016 acquisition of all outstanding common stock. The company employs 51-100 staff and holds licensure to write in New York, Alabama, Louisiana, the District of Columbia, and South Carolina, though products are actively sold only in New York.

The company's core product portfolio comprises four standard homeowners policy forms — HO2 (Broad/Named Perils), HO3 (Special Form, the most commonly sold), HO4 (Tenant/Renters), and HO6 (Condominium/Cooperative) — supplemented by optional endorsements covering Personal Property, Home Systems Protection, Service Line, Scheduled Personal Property, Identity Recovery, Liability, and Ordinance or Law. Underwriting, pricing, and risk selection are conducted in-house with no disclosed proprietary technology platform, AI/ML, or API integrations. Claims servicing is delivered in partnership with SageSure through its MySageSure portal and dedicated phone service, indicating an outsourced claims operating model.

Interboro generates revenue through recurring annual homeowners insurance premiums and distributes exclusively through a network of over 500 independent brokers in New York, with no direct-to-consumer channel. The company carries a Demotech Financial Stability Rating of 'A, Exceptional,' recognized by Fannie Mae, Freddie Mac, and HUD. The business is geographically concentrated in New York State with no apparent active expansion into the four other licensed states, positioning Interboro as a focused, broker-driven specialty homeowners writer within the UPC Insurance portfolio.

Name

Interboro Insurance

Legal name

Interboro Insurance Company

Website

https://interboroinsurance.com

Company type

Private

Founded year

1914

Operating status

Operating

Headcount range

51–100 employees

Short description

Interboro Insurance Company is a privately held New York-domiciled homeowners insurance carrier, operating since 1914 as a UPC Insurance subsidiary, distributing HO2/HO3/HO4/HO6 policies exclusively through 500+ independent brokers serving New York homeowners.

Ownership category

akta.pro rank

Product category

Homeowners Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Homeowners Insurance (FSAJACAA)

akta.pro secondary industries

Renters Insurance (FSAJACAB), Condominium (HO-6) Insurance (FSAJACAC)

Keywords

• Homeowners insurance
• Property and casualty insurance
• Independent broker network
• New York insurance
• Personal lines coverage

Headquarters

HQ city

Mineola

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Insurance Premiums: Interboro Insurance generates revenue through homeowners insurance premiums. The company writes homeowners policies in New York through independent broker relationships. Premium revenue is recurring as policies renew annually.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Interboro Insurance underwrites and issues personal lines homeowners insurance policies in New York, offering four core policy forms — HO2 Broad Form (Named Perils), HO3 Special Form (all-risks), HO4 Tenant/Renters, and HO6 Condominium/Cooperative — covering dwelling, contents, liability, medical payments, other structures, and additional living expenses. Policies are sold exclusively through a network of more than 500 independent brokers in New York, with optional endorsements available for personal property, home systems, service line, scheduled personal property, identity recovery, liability, and ordinance or law coverage.

Product overview

Interboro Insurance is a homeowners insurance company offering a unified product portfolio centered on homeowners insurance policies. The core offerings consist of four homeowners policy types — HO2 (Broad Form, Named Perils), HO3 (Special Form, all-risks — its most commonly sold product), HO4 (Tenant/Renters), and HO6 (Condominium & Cooperative) — each covering dwelling, contents, liability, medical payments, other structures, and additional living expenses. These core policies are supplemented by a suite of optional endorsements including Personal Property Coverage, Home Systems Protection, Service Line Coverage, Scheduled Personal Property, Identity Recovery, Liability Coverage, and Ordinance or Law Coverage. All products are distributed exclusively through a network of over 500 independent brokers in New York, with the company also licensed in Alabama, Louisiana, D.C., and South Carolina.

Differentiator

Problem solved

Functional benefit

Products and services

• Homeowners Insurance — HO2 (Broad Form / Named Perils) Named-perils homeowners insurance policy specifically listing the perils for which a home and personal property are covered. Includes coverage for dwelling, contents, liability, medical payments, and other structures. Designed for New York homeowners seeking defined-peril protection.
• Homeowners Insurance — HO3 (Special Form) Special Form all-risks homeowners policy covering the home for all risks of physical loss except those specifically excluded (such as flood, earthquake, war, nuclear accident). Described as the most commonly sold policy in the Interboro portfolio. Targeted at New York homeowners seeking broad all-risk protection.
• Tenant Policy — HO4 (Renters Insurance) Renters insurance that insures against damage to personal property within a rented unit and provides liability coverage when people are injured or sustain property damage arising from the insured unit. The policy does not cover the building. Designed for New York renters.
• Condominium & Cooperative Owners Policy — HO6 Policy providing contents, property, and liability coverage for the insured condominium or cooperative unit. Designed for New York condominium and cooperative unit owners who need coverage not provided by the building master policy.

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered flagship and core.

• United Insurance Holdings Corp. (UPC Insurance)flagshipStrategic or Co-development Partner · 29 April 2016In April 2016, United Insurance Holdings Corp. acquired all outstanding common stock of Interboro Insurance Company through a Stock Purchase Agreement with Interboro, LLC. Upon consummation, UPC Insurance acquired all Homeowners business in Interboro Insurance Company and Maidstone Insurance Company. Personal auto and non-homeowners lines remained with the parent and retained insurance subsidiaries.
• SageSurecoreImplementation/ SI/ Consulting PartnerSageSure provides claims handling services for Interboro Insurance policyholders. SageSure delivers fast, fair, and friendly claims service with rapid responses, clear communication, and a network of trusted service providers. SageSure handles claims reporting both online through MySageSure portal and by phone.
• DemotechcoreOthersDemotech provides Financial Stability Ratings for Interboro Insurance. Demotech is a financial analysis firm serving the P&C industry and their FSRs are recognized by Fannie Mae, Freddie Mac, and HUD. Interboro holds an 'A, Exceptional' rating.

Scale indicators4 records

Recent moves9 records

Expansion highlights5 records

Emerging players

• Hippo Insurance: Hippo is a tech-enabled homeowners insurer selling primarily online; comparable as an emerging player targeting homeowners with modern UX, contrasting with Interboro's traditional broker distribution.
• Lemonade (NYSE: LMND): Lemonade is a digital-first homeowners and renters insurer with strong direct-to-consumer positioning in NY; comparable as an emerging player attacking the same homeowners/renters category Interboro serves.

Others

• SageSure: SageSure is Interboro's claims-handling partner and also operates as a Managing General Underwriter for catastrophe-exposed homeowners. It is comparable as an ecosystem enabler serving Interboro's operations.

Direct peers

• Tower Hill Insurance: Tower Hill writes homeowners insurance through independent agents across the southeast US with comparable product structure (HO3 and endorsements), making it a directly comparable regional P&C carrier.
• Heritage Property & Casualty Insurance: Heritage is a UPC-affiliated homeowners writer operating in similar coastal/southeastern geographies with comparable agent-distributed HO-3 products and a shared reliance on catastrophe-exposed markets.
• Universal Property & Casualty Insurance: Universal P&C is a UPC sister carrier focused on homeowners insurance in the southeast, with product portfolio and distribution model that closely mirror Interboro's NY homeowners book.
• First Community Insurance Company: First Community writes homeowners coverage through independent agents in multiple states with similar standard HO2/HO3 forms, making it a directly comparable regional P&C homeowners writer.

Broad incumbents

• State Farm Mutual Automobile Insurance: State Farm is the largest US homeowners underwriter with captive-agent distribution; comparable as a broad incumbent in the same homeowners insurance category serving NY homeowners.
• Allstate Insurance (NYSE: ALL): Allstate is a national homeowners writer with both captive-agent and broad product offerings; comparable as a broad incumbent in the same homeowners category, though with a vastly larger multi-line portfolio than Interboro.
• United Insurance Holdings Corp. (UPC Insurance): UPC Insurance is the parent company of Interboro, operating multiple P&C carriers across the eastern US. It is comparable as the broader portfolio holder underwriting homeowners in similar geographies with shared back-office and capital resources.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/interboroins
• Facebookfacebook.com/interboroinsurance
• LinkedInlinkedin.com/company/interboro-insurance-company

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Interboro Insurance