Cypress Property & Casualty Insurance Company

What Cypress Property & Casualty Insurance Company does

Cypress Property & Casualty Insurance Company is a private, regional property and casualty carrier headquartered in Jacksonville, Florida, writing coverage exclusively in Florida and Texas. Founded in 2000 and powered by approximately 100 employees, the company sells through an independent agent network supported by an Agent Locator tool, agent portals, agent/vendor APIs, a policyholder self-service portal, and native iOS and Android mobile apps for claims reporting. Its product lineup spans personal lines — Homeowners (HO3), Condominium (HO6), and Rental Property (DP3) — together with specialized flood, builder's risk, and artisan general liability (40+ eligible trades, limits up to $1M/$2M) products, and a layered set of optional add-ons such as Wind Mitigation Credit, Equipment Breakdown, Service Line, Water Backup, Identity Theft, Sinkhole (FL), Screened Enclosure (FL), and Foundation Coverage (TX).

The company's revenue model is subscription-style premium collection, with policyholders able to choose Full Pay, Semi-Annual, Quarterly, 4-pay (every 60 days), or 9-pay billing cadences. A disclosed proprietary feature, the Deductible Installment Plan (DIP) — with a patent filed — allows eligible HO3/DP3/HO6 policyholders using preferred vendors to pay hurricane-related deductibles in three installments (first due after six months, billed annually thereafter), capped at 2% of Coverage A or Coverage C with no fees, no interest, no credit check, and no premium increase. Underwriting, policy administration, and claims run on a standard insurance technology stack with API integration capabilities, online claims submission, and a data-analytics layer referenced for claims evaluation.

Cypress targets individual homeowners, condo owners, landlords, builders, and trade contractors in hurricane-exposed Florida and Texas markets, differentiating through regional underwriting expertise honed over 25+ years, hurricane-specific product design, and an A (Exceptional) Financial Stability Rating from Demotech issued March 23, 2026. Preferred-vendor relationships (e.g., Allied Restoration & Construction) accelerate post-catastrophe repairs and gate eligibility for DIP benefits, while state-specific optional coverages reinforce product fit in each regulatory jurisdiction.

Name

Cypress Property & Casualty Insurance Company

Legal name

Cypress Property and Casualty Insurance Company

Website

https://cypressig.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

101–250 employees

Short description

Cypress Property & Casualty Insurance Company is a private Florida-headquartered P&C carrier writing homeowners, condominium, rental, flood, builder's risk, and artisan general liability coverage exclusively in Florida and Texas via independent agents.

Ownership category

akta.pro rank

Product category

Property and Casualty Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126), Other Direct Insurance (except Life, Health, and Medical) Carriers (524128)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Homeowners Insurance (FSAJACAA)

akta.pro secondary industries

Commercial Property Insurance (FSAJACAE), Landlord / Dwelling Fire (DP) Insurance (FSAJACAD), Real Estate / Lessors Risk BOP (FSAJAFAI)

Keywords

• Property casualty insurance
• Homeowners insurance coverage
• Flood insurance policies
• Hurricane insurance protection
• General liability insurance

Headquarters

HQ city

Brandon

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Property & Casualty Insurance Premiums: Collection of insurance premiums from policyholders for coverage including homeowners, condominium, rental property, flood, builder's risk, and artisan general liability insurance. Premiums collected through various payment plans including Full Pay, Semi-Annual, Quarterly, 4-pay, and 9-pay options.
2. Optional Coverage Add-ons: Additional premium revenue from optional coverage products including Identity Theft Protection, Equipment Breakdown Coverage, Service Line Insurance, Water Backup, and other add-on coverages.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

Cypress Property & Casualty Insurance Company underwrites and issues property and casualty insurance policies for residential and small-commercial customers in Florida and Texas, including Homeowners, Condominium, Rental Property, Flood, Builder's Risk, and Artisan General Liability coverage. The company supplements these core policies with add-on products such as a patented Deductible Installment Plan, Identity Theft Protection, Equipment Breakdown Coverage, and Service Line Insurance, and distributes them through independent insurance agents and digital self-service channels.

Product overview

Cypress Property & Casualty Insurance Company offers a comprehensive property and casualty insurance portfolio serving Florida and Texas markets. The core product lineup consists of personal lines coverage (Homeowners Insurance, Condominium Insurance, Rental Property Insurance) and commercial lines coverage (Artisan General Liability Insurance), supplemented by specialized products (Builder's Risk Insurance, Flood Insurance). The offering includes a platform of add-on modules such as the Deductible Installment Plan (DIP), Identity Theft Protection, Equipment Breakdown Coverage, Service Line Insurance, and Wind Mitigation Credit. The portfolio is designed for homeowners, condominium owners, landlords, and tradeworkers, with coverage options and discounts varying by state. The company differentiates through fast claims handling, quality underwriting, superior customer service, and an reinsurance program.

Differentiator

Problem solved

Functional benefit

Products and services

• Homeowners Insurance (HO3) Comprehensive homeowners insurance covering dwelling, personal property, additional structures, loss of use, personal liability, and medical payments for individual homeowners in Florida and Texas, including hurricane and windstorm exposures.
• Condominium Insurance (HO6) Insurance for condominium unit owners covering additions, alterations, fixtures, personal property, loss of use, and personal liability, with optional coverages for water backup, ordinance or law, personal injury, and identity theft in Florida and Texas.
• Rental Property / Landlord Insurance (DP3) Landlord insurance covering dwelling, other structures, owner's personal property, loss of rent or fair rental value, personal liability, and medical payments for non-residents injured on the property, for rental property owners in Florida and Texas.
• Artisan General Liability Insurance Commercial general liability insurance for trade workers and contractors with limits up to $1,000,000/$2,000,000, covering bodily injury and property damage liability for 40+ eligible trades such as remodeling, electrical, plumbing, HVAC, carpentry, and painting, with additional insured options and inland marine coverage for tools and equipment.
• Builder's Risk Insurance Insurance for buildings and structures under construction covering materials, supplies, equipment, property in transit, property at temporary locations, and soft costs for residential new construction, remodeling/renovation, high-value residential construction, and light commercial projects.
• Flood Insurance Specialized flood insurance covering building, foundation, electrical systems, HVAC equipment, appliances, permanently installed fixtures, and debris removal, with optional supplemental contents coverage up to $2,500 for personal belongings and valuables in Florida and Texas.
• Deductible Installment Plan (DIP) Exclusive program allowing policyholders to pay catastrophe deductibles in three installments over time instead of upfront, applicable up to 2% of Coverage A for HO3/DP3 or 2% of Coverage C for HO6, with no fees, no interest, no credit check, and no premium increase.
• Identity Theft Protection Optional add-on coverage providing managed identity restoration services through partner Identity Theft Fraud Solutions (ITFS) and reimbursement for certain covered identity-related expenses.
• Equipment Breakdown Coverage Optional add-on coverage that pays for repair or replacement of home equipment when breakdowns are caused by mechanical failure, rupture, bursting, implosion, or steam explosion, available to Cypress homeowners policyholders.
• Service Line Insurance Optional coverage for underground service line failures, including damage to service lines, excavation costs, outdoor property damage, temporary repairs, communication and data transmission wiring, and additional living expenses, for perils such as wear and tear, rust, corrosion, decay, freeze, collapse, and mechanical/electrical breakdown, with limits up to $10,000 and a $500 deductible.

Quantifiable outcome

• Deductible Installment Plan: Up to 2% of Coverage A for HO3/DP3 or 2% of Coverage C for HO6 payable over time with first payment due in 6 months
• +1 more outcomes

Named customers3 records

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered minor and core.

• Identity Theft Fraud Solutions (ITFS)minorStrategic or Co-development PartnerPartnership providing Identity Theft coverage through Homeowners Insurance Policy. ITFS provides fully managed restoration service and reimburses for certain covered expenses. Offered as optional add-on coverage for modest additional premium.
• Allied Restoration & ConstructioncoreOthersPreferred vendor for emergency repair services following covered losses. Available 24/7 at 844-9-ALLIED (844-925-5433). Policyholders using preferred vendors can begin repairs immediately and access the Deductible Installment Plan (DIP) benefit.
• 4Warn (4warn.com)minorGTM or Marketing PartnerMarketing partnership with 4Warn verification program. 4Warn verification badge displayed on website indicating participation in their verification program for contractors and service providers.
• My Safe Florida Home ProgramminorOthersReferral partnership with state program offering free Home Hurricane Wind Mitigation Inspections. Helps homeowners verify wind mitigation improvements for premium discounts.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• People's Trust Insurance: Florida-focused homeowners insurance carrier emphasizing fast, fair claims handling. Directly comparable to Cypress in geography, product specialization, and customer experience differentiation.
• Florida Peninsula Insurance Company: Florida-only homeowners insurance carrier writing personal property in catastrophe-exposed coastal counties. Comparable regional concentration, product mix, and target segment to Cypress.
• Olympus Insurance Company: Florida-focused P&C carrier writing homeowners and condominium insurance. Comparable in regional concentration, product specialization, and reliance on catastrophe-exposed coastal book of business.
• Heritage Property & Casualty Insurance Company: Florida-domiciled P&C carrier writing homeowners and related personal property insurance. Comparable in target customer (FL homeowners), product line, and emphasis on catastrophe handling.
• Tower Hill Insurance Group: Florida-based regional P&C insurer specializing in homeowners insurance with deep hurricane expertise. Closely comparable in product focus, regional geography, and distribution model.
• Security First Insurance Company: Florida-headquartered homeowners and property insurance carrier. Comparable in geographic focus, product portfolio, and reliance on hurricane-era claims-handling reputation as a key differentiator.
• Federated National Insurance Company: Florida-based P&C carrier focused on homeowners and commercial residential property. Comparable in geography, product mix, and dependence on catastrophe-prone Florida book.
• Universal Property & Casualty Insurance Company: Florida-headquartered P&C carrier focused on personal property insurance in catastrophe-exposed coastal markets. Directly comparable in product mix (homeowners, condo, rental) and regional concentration.

Broad incumbents

• American Strategic Insurance (ASI): Progressive-owned Florida homeowners specialist. Comparable in product focus on Florida catastrophe-exposed property, but operates as part of a much larger national carrier with broader capital base.
• Castle Key Indemnity Insurance Company: Allstate subsidiary writing Florida homeowners insurance at scale. Comparable product offering and Florida geographic focus, but operates as part of a national multi-line insurer with substantially broader capital and distribution.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/cypress-property-casualty-insurance-company

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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 Cypress Property & Casualty Insurance Company