VYRD
VYRD is a Florida-focused homeowners insurance carrier offering HO-3 policies with IoT-based water protection, distributed via independent agents and Citizens takeouts, backed by a SiriusPoint and boltech joint venture.
- Company typePrivate
- Founded2021
- HeadquartersSt. Petersburg, United States
- Headcount11–50
- GTM typeB2C
- OfferingServices
What VYRD does
VYRD Insurance Company is a Florida-focused homeowners insurance carrier operating exclusively in the state, providing HO-3 policies covering dwelling, personal property, liability, and loss of use for single-family homes and duplexes. The company was founded as a joint venture between SiriusPoint, a Bermuda-listed specialty reinsurer, and boltech, an insurtech, with leadership drawn from a team carrying 272 years of combined Florida insurance experience. VYRD's product suite centers on the core homeowners policy, supplemented by several add-on modules: a Smart Home Water Protection Program delivered through a partnership with Phyn (free IoT sensors plus a 40-50% water premium discount and an optional auto-shutoff tier), flood coverage through Flood Risk Solutions, wind mitigation discounts, a Preferred Contractor Network coordinated via HOMEE, identity-theft coverage via PrivacyMaxx, and a limited-scale smartphone protection pilot with bolt.
The company's technology stack includes iOS and Android mobile apps, a customer self-service portal, an agent portal integrated with Verisk's LightSpeed quoting platform, and IoT sensor data feeds from Phyn devices. VYRD distributes policies through a curated network of independent insurance agents across Florida—reportedly at capacity with a waitlist—and supplements this with takeout acquisitions from Citizens Property Insurance Corporation, the state's insurer of last resort. The business model is subscription recurring premium revenue, with risk transfer supported by a reinsurance program that includes the Florida State Board of Administration and private reinsurers. VYRD holds a Financial Stability Rating of "A" Exceptional from Demotech, Inc., and its 2025 operational metrics included a -1.3% statewide rate decrease, doubled sensor activation rates, and reported customer savings of $3.6 million through water-protection discounts.
VYRD firmographics
Firmographics- Name
- VYRD
- Legal name
- VYRD Insurance Company
- Website
- https://vyrd.co
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- VYRD is a Florida-focused homeowners insurance carrier offering HO-3 policies with IoT-based water protection, distributed via independent agents and Citizens takeouts, backed by a SiriusPoint and boltech joint venture.
- Ownership category
- akta.pro rank
VYRD industry classification
Industry- 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 industry
- Flood Insurance (FSAJACAG)
Keywords
Where VYRD is headquartered
LocationHeadquarters
- HQ city
- St. Petersburg
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
VYRD business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Supply Chain, Infrastructure
Revenue model
- Homeowners Insurance Premiums: VYRD generates revenue through annual and monthly homeowners insurance premiums for HO-3 policies covering dwellings, personal property, liability, and additional living expenses for Florida homeowners.
- Flood Insurance Policies: Partnership with Flood Risk Solutions offering NFIP and private flood insurance as add-on coverage to homeowner policies.
- Device Protection (Smartphone): Limited-scale pilot program through bolt partnership providing smartphone protection including loss, theft, accidental damage, and malfunction coverage.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Standard HO-3 Homeowners Policy |
| Subscription | Annual | Smart Home Water Protection Discount |
| Subscription | Annual | Phyn Plus Enhanced Protection |
| Subscription | Annual | Wind Mitigation Discounts |
| Subscription | Annual | Preferred Contractor Endorsement |
| Subscription | Annual | Protective Device Discount |
| Subscription | Annual | Secured Community Credit |
| Subscription | Annual | HVAC Maintenance Discount |
| Subscription | Annual | Claim-Free Discount |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels7 records
VYRD product offering
Product offeringCore offering
VYRD is a Florida-focused homeowners insurance carrier providing HO-3 policies covering dwelling, personal property, liability, and loss of use for Florida homeowners. The company distributes through independent agents and Citizens takeout offers, supplementing core coverage with add-ons including Smart Home Water Protection (with free Phyn sensors), flood insurance, wind mitigation discounts, and a Preferred Contractor Network.
Product overview
VYRD is a Florida-focused homeowners insurance company offering a unified insurance platform with multiple integrated protection products. The core product is the HO3 homeowners insurance policy providing standard dwelling, liability, and property coverage. This core is supplemented by add-on modules including Smart Home Water Protection Program (with Phyn sensors and Phyn Plus shutoff), Flood Protection (via Flood Risk Solutions), Wind Mitigation inspections, Preferred Contractor Network (via HOMEE), Identity Theft Coverage (via PrivacyMaxx), and Smartphone Protection (via bolt). The product portfolio also includes a VYRD Mobile App for policyholders and Agent Portal for distribution partners. All offerings are Florida-specific, with the company leveraging technology partnerships for smart home integration and digital claims processing.
Differentiator
Problem solved
Functional benefit
Products and services
- VYRD Homeowners Insurance (HO-3 Policy) Standard homeowners insurance policy (HO-3) providing coverage for Florida homes including dwelling, other structures, personal property, loss of use, personal liability, and medical payments. Available for detached single-family homes and duplexes where the owner occupies at least one unit as primary residence.
- Smart Home Water Protection Program Proactive water leak detection program providing free Phyn Smart Water Sensing Kit (5 sensors) to policyholders. Includes 24/7 monitoring, mobile app alerts, and premium discounts of 40% on water portion of premium. Enhanced Phyn Plus tier adds automatic water shutoff capability.
- Flood Protection Flood insurance offerings through partnership with Flood Risk Solutions, including National Flood Insurance Program (NFIP) policies and private flood insurance with enhanced coverages and higher limits.
- Phyn Plus Smart Water Assistant Premium tier of Smart Home Water Protection featuring automatic water shutoff device, professional installation included, patented pressure wave analysis for leak detection, and 50% discount on water premium portion (approximately $500 annually).
- Wind Mitigation Wind mitigation inspection and discount program helping homeowners reduce hurricane-wind premium through features such as roof covering, deck attachment, wall connections, opening protection, hip roof geometry, and secondary water resistance.
- Preferred Contractor Network (PCN) Vetted network of licensed, insured contractors for emergency restoration, roofing, and general/trade services. Integrated via HOMEE digital platform with 5-year workmanship warranty for Preferred Contractor Endorsement (PCE) holders.
- Preferred Contractor Endorsement (PCE) Policy endorsement offering 5% premium discount, faster service through HOMEE oversight, and 100% workmanship warranty for 5 years. Required for emergency mitigation services and claims-related repairs.
- Identity Theft Expense and Resolution Services Coverage Identity theft protection providing 24/7 access to PrivacyMaxx Identity Response Center, victim recovery advocates, and resolution services. Covers policyholder, spouse, domestic partner, children, and grandparents living at home.
- Smartphone Protection Device protection program via bolt partnership covering smartphones for loss, theft, accidental damage, and malfunction. Available through limited-scale pilot program.
- VYRD Mobile App Mobile application for iOS and Android enabling policy viewing, claims filing, document access, bill payment, water sensor management, and customer portal access.
- Agent Portal Web-based portal for insurance agents providing quote generation, policy management, and agent services. Integrated with Verisk's LightSpeed for streamlined quoting.
Quantifiable outcome
- $3.6 million in premium savings for policyholders through 40% water premium discount
- +6 more outcomes
Companies that use VYRD
Customer profileNamed customers5 records
Segments3 records
Ideal customer profiles3 records
VYRD technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
AI capability2 records
Feature4 records
VYRD partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered core and minor.
- PhyncoreVYRD partnered with Phyn as of July 2023 to provide Smart Water Sensing Kits and Phyn Plus devices to policyholders for water leak detection. Phyn provides IoT-based water sensors that monitor for leaks 24/7 and alert homeowners via mobile app. This partnership enables VYRD's Smart Home Water Protection Program with free sensors and premium discounts.
- HOMEEcoreVYRD partnered with HOMEE as the preferred digital claims marketplace to offer a Preferred Contractor Network (PCN) of vetted, licensed, and insured local contractors. HOMEE coordinates repairs, provides 5-year workmanship warranty, and helps expedite the claims process for VYRD policyholders.
- Flood Risk SolutionscoreVYRD partnered with Flood Risk Solutions offering agents exclusive access to quote both private and NFIP flood insurance options. Flood Risk Solutions brings over 50 years of combined insurance knowledge and experience in flood coverage.
- VeriskcoreVYRD integrated Verisk's LightSpeed product into their homeowners quoting platform to streamline the quote process for agents and enable faster underwriting decisions with reliable property data.
- PrivacyMaxxminorPrivacyMaxx provides identity theft monitoring and recovery services to VYRD policyholders through their Identity Response Center, offering 24/7 access for identity theft reporting and dedicated victim recovery advocacy.
- Guy CarpenterminorInsurance industry consultant and partner listed among VYRD's supporting partners.
- MillimanminorActuarial and consulting firm listed among VYRD's supporting partners.
- Grant ThorntonminorProfessional services firm listed among VYRD's supporting partners.
- Rytech RestorationminorPreferred contractor in VYRD's network providing certified water damage restoration, mold remediation, and fire damage cleanup services for over 27 years.
- Neumann Construction & RoofingminorPreferred contractor in VYRD's network for roofing, building repairs, water extraction, and emergency services. Veteran and family-owned, serving Florida since 1973.
- Paul DavisminorPreferred contractor in VYRD's network for cleanup services and damage repair to residential and commercial properties from water, fire, mold, and storm damage. Founded in 1966 and headquartered in Jacksonville, Florida.
- Joe Taylor RestorationminorPreferred contractor in VYRD's network specializing in water, fire, mold, and biohazard damage. IICRC-certified team responds within two hours to assess and restore properties.
- AngeLink Community FoundationminorFlorida-based 501(c)(3) charitable organization partnering with VYRD for Hurricane Ian relief fundraising campaign, delivering funds directly to Florida homeowners through Angel Grants.
Scale indicators8 records
Recent moves6 records
Expansion highlights6 records
VYRD competitors and assessment
Company assessmentDirect peers
- Tower Hill Insurance: Long-standing Florida-focused personal lines carrier writing homeowners through independent agents. VYRD's core competitor for agent shelf space and Florida homeowners share, with comparable geographic and product focus.
- Kin Insurance: Florida-headquartered direct-to-consumer homeowners insurtech serving Florida and other catastrophe-prone states. VYRD's most direct insurtech peer, competing for the same Florida homeowners through a tech-led, prevention-focused approach (Kin has its own smart home partnerships and Citizens takeout motion).
- Slide Insurance: Florida-focused homeowners insurance carrier that scaled aggressively via Citizens takeouts, very similar in business model and target market to VYRD. One of the most relevant direct comparables for VYRD's go-to-market and product strategy.
- Hippo Insurance: Tech-forward homeowners insurtech that pioneered smart-home-driven risk prevention in partnership with IoT vendors. VYRD's Smart Home Water Protection program mirrors Hippo's broader prevention-first thesis, making it a strong strategic comp.
- Frontline Insurance: Established Florida homeowners insurance carrier with deep agent distribution across the state. Competes head-to-head with VYRD in the same agent channel and same Florida homeowner segment, providing a useful incumbent benchmark.
- Universal Property & Casualty Insurance Company: Florida-based homeowners and personal lines carrier distributed through independent agents. Directly overlaps with VYRD in target market, product (HO-3), and agent-led distribution model.
- Federated National Insurance Company: Florida-headquartered property and casualty insurer with a strong homeowners book. One of VYRD's closest in-state peers on geographic concentration, product mix, and agent distribution.
- Lemonade: Digital-native insurtech that writes homeowners insurance in multiple states, including Florida. A relevant comp on tech-led, prevention-oriented homeowners insurance and a benchmark for insurtech unit economics.
Others
- Citizens Property Insurance Corporation: Florida's state-run insurer of last resort, from which VYRD acquires policyholders via takeout offers. Not a competitor in the traditional sense but a strategic counterpart and key source of VYRD's customer pipeline.
- Wright National Flood Insurance Company: Florida flood insurance specialist where VYRD's President Valerie LaTour previously led financial operations supporting $700M+ in gross written premium. A relevant adjacent player in Florida residential insurance and a useful reference for the flood add-on business.
Market position
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
VYRD social profiles
Digital presenceVYRD compliance and trust
Trust signalCompliance1 record
VYRD financial estimates
Financial estimateRevenue estimate
Valuation estimate
VYRD leadership team
Management profileNumber of profiles
Profiles11 records
VYRD funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
VYRD M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about VYRD
What does VYRD do?
VYRD is a Florida-focused homeowners insurance carrier providing HO-3 policies covering dwelling, personal property, liability, and loss of use for Florida homeowners. The company distributes through independent agents and Citizens takeout offers, supplementing core coverage with add-ons including Smart Home Water Protection (with free Phyn sensors), flood insurance, wind mitigation discounts, and a Preferred Contractor Network.
Is VYRD a public or private company?
VYRD is a private company. It is classified as corporate owned and is currently operating.
When was VYRD founded?
VYRD was founded in 2021. It employs 11 to 50 people.
Where is VYRD based?
VYRD is headquartered in St. Petersburg, United States, in the North America region.
How does VYRD make money?
Three revenue lines are on record. Homeowners Insurance Premiums are the primary driver. The others are flood Insurance Policies and device Protection (Smartphone).
Who are VYRD's main competitors?
Direct peers on record are Tower Hill Insurance, Kin Insurance, Slide Insurance, Hippo Insurance, Frontline Insurance, Universal Property & Casualty Insurance Company, Federated National Insurance Company and Lemonade. Others are Citizens Property Insurance Corporation and Wright National Flood Insurance Company.
Does VYRD have an API?
No public API is recorded for VYRD.
What industry is VYRD in?
VYRD's product category is Homeowners Insurance. Its primary akta.pro industry code is FSAJACAA, Homeowners Insurance, with a secondary code of FSAJACAG, Flood Insurance. Its NAICS code is 524126 and its SIC code is 6331.