GeoVera Advantage Insurance Services
GeoVera Advantage Insurance Services is a specialty insurance brokerage affiliated with SageSure that provides policy and claims services for three A-rated carriers writing residential earthquake insurance in CA, OR, and WA and surplus lines homeowners, landlord, vacant, and wind-only coverage in Florida.
- Company typePrivate
- Founded1997
- HeadquartersFairfield, United States
- Headcount101–250
- GTM typeB2B and B2C
- OfferingServices
What GeoVera Advantage Insurance Services does
GeoVera Advantage Insurance Services is a specialty residential property insurance platform focused on catastrophe-exposed risks, primarily stand-alone residential earthquake insurance in California, Oregon, and Washington, with a complementary surplus lines homeowners, landlord, vacant home, and wind-only book in Florida. Founded in 1997, the company operates through three A.M. Best "A" (Excellent)-rated carriers — GeoVera Insurance Company, GeoVera Specialty Insurance Company (Delaware, non-admitted surplus lines), and Coastal Select Insurance Company — and now functions as an affiliate of SageSure Insurance Managers LLC following the January 2025 acquisition. GeoVera Advantage Insurance Services, LLC itself operates as the full-service brokerage arm providing policy and claims services across the three carriers, with its principal place of business in Chandler, Arizona (Delaware-domiciled), and the carriers headquartered in Fairfield, California.
The product portfolio is anchored on three earthquake insurance structures: a unique "Single Limit" policy combining dwelling, other structures, contents, loss of use, and building code upgrades into one limit with one deductible (and demand surge included); the "Quake Select Flex Limit" with customizable coverage components and deductibles from 2.5% to 25%; and the higher-limit "Quake Plus+" surplus lines product launched in January 2026 with limits up to $7.5M. Florida surplus lines products (homeowners, landlord, vacant, wind-only) are underwritten exclusively by GeoVera Specialty. Earthquake insurance is distributed direct-to-consumer via the proprietary myGeoSource online platform (the only A-rated carrier to sell earthquake insurance online directly) and through appointed independent agents in CA/OR/WA, while Florida products are distributed through seven preferred wholesale broker partners. The company employs 101–250 people and has historically been privately held (Flexpoint Ford, prior; SageSure, current).
GeoVera's revenue model is fundamentally premium-driven: earthquake policies are priced based on the Coverage A dwelling limit, property characteristics, and selected deductible, with premiums typically $1,000–$2,500 annually for $500,000 of coverage, paid through full-pay, 3-pay, monthly, or auto-pay schedules. Revenue mechanics are concentrated in personal lines residential property where customer acquisition is driven by SEO/content marketing, third-party endorsements (Investopedia, Bob Vila, ConsumersAdvocate, insurify, TreeHugger), and educational earthquake/hurricane preparedness content — rather than agent commissions as the primary channel. Geographic reach is explicitly restricted to four states (CA, OR, WA for earthquake; FL for surplus lines), reflecting a focused catastrophe-specialty strategy rather than broad geographic diversification.
GeoVera Advantage Insurance Services firmographics
Firmographics- Name
- GeoVera Advantage Insurance Services
- Legal name
- GeoVera Advantage Insurance Services, LLC
- Website
- https://geovera.com
- Company type
- Private
- Founded year
- 1997
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- GeoVera Advantage Insurance Services is a specialty insurance brokerage affiliated with SageSure that provides policy and claims services for three A-rated carriers writing residential earthquake insurance in CA, OR, and WA and surplus lines homeowners, landlord, vacant, and wind-only coverage in Florida.
- Ownership category
- akta.pro rank
GeoVera Advantage Insurance Services industry classification
Industry- Product category
- Specialty Property Insurance
- NAICS
- Direct Insurance (except Life, Health, and Medical) Carriers (52412), Insurance Carriers and Related Activities (524), Agencies, Brokerages, and Other Insurance Related Activities (5242)
- SIC
- Fire, Marine & Casualty Insurance (6331), Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Homeowners Insurance (FSAJACAA)
- akta.pro secondary industries
- Landlord / Dwelling Fire (DP) Insurance (FSAJACAD), Natural Catastrophe Reinsurance (NatCat) (FSAOACAD)
Keywords
Where GeoVera Advantage Insurance Services is headquartered
LocationHeadquarters
- HQ city
- Fairfield
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
GeoVera Advantage Insurance Services business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Residential Earthquake Insurance: GeoVera underwrites and earns premium revenue from stand-alone residential earthquake insurance policies sold directly to homeowners in California, Oregon, and Washington. Revenue is earned as insurance premiums paid by policyholders on annual or multi-pay plans (full pay, 3-pay, monthly). GeoVera Insurance Company underwrites the Single Limit product; Coastal Select Insurance Company underwrites the Quake Select Flex Limit product; GeoVera Specialty Insurance Company underwrites Quake Plus+ surplus lines earthquake coverage in California.
- Surplus Lines Homeowners Insurance (Florida): GeoVera Specialty Insurance Company, a non-admitted surplus lines carrier, earns premium revenue from homeowners insurance policies distributed exclusively through preferred wholesale broker partners in Florida.
- Landlord Residential Insurance (Florida): Tenant-occupied landlord policies covering direct loss to rental homes, personal belongings, loss of rental income, and premise liability, underwritten by GeoVera Specialty Insurance Company through wholesale brokers in Florida.
- Vacant Home Insurance (Florida): Coverage for temporarily vacant rental homes, available bundled with Homeowners or Wind Only policies, underwritten by GeoVera Specialty Insurance Company through wholesale broker partners in Florida.
- Wind Only Residential Insurance (Florida): Policies covering homes and belongings against wind and hail damage, available in Florida through GeoVera Specialty Insurance Company via wholesale broker partners, including additional living expense coverage.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Earthquake Insurance in California costs on average between $1,000 to $2,500 annually for $500,000 of coverage, with deductibles ranging from 2.5% to 25% of the home's insured value. |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels6 records
GeoVera Advantage Insurance Services product offering
Product offeringCore offering
GeoVera Advantage Insurance Services is a specialty property insurance program manager that underwrites and distributes residential earthquake insurance in California, Oregon, and Washington, and surplus lines homeowners, landlord, vacant home, and wind-only coverage in Florida. The company operates through three A-rated carrier entities and serves policyholders and producer partners through a mix of direct-to-consumer online sales and wholesale broker channels, supported by its proprietary myGeoSource quoting and policy administration platform.
Product overview
GeoVera Advantage Insurance Services is a subsidiary of SageSure Insurance Managers LLC that operates as a full-service insurance brokerage offering policy and claims services for its carrier family. The product portfolio consists of three A.M. Best 'A' rated insurance carriers: GeoVera Insurance Company (Single Limit earthquake insurance), Coastal Select Insurance Company (Quake Select Flex Limit earthquake insurance), and GeoVera Specialty Insurance Company (surplus lines homeowners and specialty products). The core earthquake insurance offerings include three distinct products: Quake Select Flex Limit (flexible customizable coverage with broad deductibles, underwritten by Coastal Select), Single Limit (combined single limit with demand surge, underwritten by GeoVera Insurance), and Quake Plus+ (high-limit surplus lines earthquake coverage up to $7.5M, underwritten by GeoVera Specialty). Earthquake insurance is available in California, Oregon, and Washington. For Florida, the company offers surplus lines homeowners, landlord, vacant home, and wind-only insurance products through preferred wholesale broker partners. All products are managed through the myGeoSource digital platform for quoting, policy management, and claims reporting.
Differentiator
Problem solved
Functional benefit
Brands
- Quake Select Flex Limit: Flexible earthquake insurance policy with customizable coverage options, broad range of deductibles (2.5%-25%), dwelling limit up to $3.5M. Available in CA, OR, WA.
- Single Limit
- Quake Plus+
Products and services
- Residential Earthquake Insurance Stand-alone residential earthquake insurance policies underwritten for homeowners and property owners in California, Oregon, and Washington to protect dwellings and personal property against seismic loss. Designed for property owners who need or want earthquake coverage beyond or in addition to a standard homeowners policy.
- Surplus Lines Homeowners Insurance (Florida) Non-admitted (surplus lines) homeowners coverage for Florida residential properties that do not fit standard admitted-market underwriting, distributed through wholesale brokers and appointed producers. Aimed at retail agents and brokers placing specialty residential risks on behalf of property owners.
- Landlord Insurance (Florida) Specialty insurance for rental / landlord-owned residential dwellings in Florida, covering property and liability exposures specific to tenant-occupied homes. Sold through appointed Florida agents, brokers, and wholesale producers serving landlord clients.
- Vacant Home Insurance (Florida) Specialty insurance covering unoccupied or vacant Florida residential properties that standard homeowners carriers typically decline or restrict. Distributed via appointed Florida agents, brokers, and wholesale producers.
- Wind-Only Homeowners Insurance (Florida) Stand-alone wind and hurricane coverage for Florida residential properties whose primary homeowners policy excludes wind peril. Distributed through appointed Florida agents, brokers, and wholesale producers.
Quantifiable outcome
- A.M. Best "A" (Excellent) financial strength rating reaffirmed July 2023 for GeoVera Insurance, GeoVera Specialty Insurance Services, and Coastal Select Insurance Company
- +3 more outcomes
Companies that use GeoVera Advantage Insurance Services
Customer profileNamed customers4 records
Segments5 records
Ideal customer profiles2 records
GeoVera Advantage Insurance Services technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
GeoVera Advantage Insurance Services partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core and minor.
- SageSure Insurance Managers LLCcoreGeoVera Advantage Insurance Services, LLC operates as an affiliate of SageSure Insurance Managers LLC. In January 2025, GeoVera Advantage officially became part of SageSure following SageSure's acquisition of GeoVera. GeoVera Advantage provides full-service brokerage offering superior policy and claims services for GeoVera Insurance, GeoVera Specialty Insurance Services, and Coastal Select Insurance.
- Appalachian Underwriters, Inc.corePreferred wholesale broker partner for distributing GeoVera Specialty Insurance Company's surplus lines products (homeowners, landlord, vacant home, wind-only) in Florida. Phone: 888-376-9633.
- Bass UnderwriterscorePreferred wholesale broker partner for distributing GeoVera Specialty Insurance Company's surplus lines products in Florida. Contact: Magda Kita ([email protected]; 954-473-4488).
- Cabrillo CoastalcorePreferred wholesale broker partner for distributing GeoVera Specialty Insurance Company's surplus lines products in Florida. Phone: 866-896-7233 ([email protected]).
- National Risk SolutionscorePreferred wholesale broker partner for distributing GeoVera Specialty Insurance Company's surplus lines products in Florida. Phone: 866-417-4855 ([email protected]).
- RPS (RPS Covington and RPS Florida)corePreferred wholesale broker partner for distributing GeoVera Specialty Insurance Company's surplus lines products in Florida. RPS Covington: 800-256-2171. RPS Florida: contact Erica Ramirez at [email protected] / 305-521-2568.
- Southern Insurance Underwriters, Inc. (SIU)corePreferred wholesale broker partner for distributing GeoVera Specialty Insurance Company's surplus lines products in Florida. Phone: 678-498-4540.
- Nationwide Brokerage SolutionscorePreferred wholesale broker partner for distributing GeoVera Specialty Insurance Company's surplus lines products in Florida. Phone: 800-444-1744.
- SafePort Insurance CompanycoreIn April 2024, GeoVera announced a combination of its insurance carriers with SafePort Insurance Company to create GeoVera Nova Holdings, a strategic partnership aimed at driving capital efficiency and strong performance.
- Homesite Insurance Company of CaliforniaminorIn May 2021, GeoVera partnered with Homesite Insurance Company of California to launch a new flexible earthquake product in California, expanding distribution reach for earthquake coverage.
Scale indicators7 records
Recent moves8 records
Expansion highlights6 records
GeoVera Advantage Insurance Services competitors and assessment
Company assessmentDirect peers
- Tower Hill Insurance Group: Florida-focused personal property insurer offering homeowners, wind-only, and related specialty products through independent agents. Comparable to GeoVera Specialty on FL homeowners product set and catastrophe-exposed underwriting.
- Heritage Insurance Holdings: Specialty personal lines insurer with significant Florida homeowners and wind-exposed property exposure, distributed through wholesale and retail agents. Closely comparable to GeoVera Specialty's Florida surplus lines homeowners, landlord, and wind-only books on peril mix and channel model.
- HCI Group (Homeowners Choice): Specialty property insurer focused on Florida homeowners with significant catastrophe reinsurance programs. Comparable to GeoVera on FL homeowners concentration, surplus lines distribution, and reinsurance-driven capital structure.
- Citizens Property Insurance Corporation: Florida's state-backed insurer of last resort for residential property, including wind-only coverage. Comparable to GeoVera Specialty as a major FL residential property writer with significant wind/hurricane exposure, though operating under a non-profit residual-market mandate.
- Palomar Holdings: Pure-play specialty earthquake and catastrophe insurer offering both personal and commercial earthquake coverage, with a similar concentration in California and adjacent western states. Closely comparable in product focus, cat-peril exposure, and specialty distribution model.
- Universal Insurance Holdings: Florida-headquartered personal property insurer offering homeowners and wind-only coverage through direct and agency channels. Comparable to GeoVera Specialty on Florida homeowners product, underwriting geography, and catastrophe-peril concentration.
- California Earthquake Authority (CEA): The dominant California residential earthquake insurance provider, state-backed and quasi-public. Directly competes with GeoVera's core Single Limit and Quake Select products in California on the same homeowners segment with comparable deductibles and coverages.
Broad incumbents
- State Farm: Largest U.S. personal lines insurer writing homeowners across all 50 states including CA, OR, WA, and FL, with optional earthquake coverage in some states. Comparable as a mass-market residential property incumbent whose earthquake offering competes with GeoVera's direct-to-consumer proposition.
- Allstate: One of the largest U.S. personal property insurers offering homeowners with optional earthquake endorsements. Comparable as a national carrier writing residential property in CA, OR, WA, and FL, but not specializing in stand-alone earthquake as a core product.
- SageSure Insurance Managers: Largest independent residential MGA in the U.S. and now GeoVera's parent company, specializing in catastrophe-exposed property insurance across multiple coastal and inland states. Comparable as a specialty property insurance platform with overlapping FL and cat-exposed product mix, though operating at significantly greater scale and product breadth.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
GeoVera Advantage Insurance Services social profiles
Digital presenceGeoVera Advantage Insurance Services financial estimates
Financial estimateRevenue estimate
Valuation estimate
GeoVera Advantage Insurance Services leadership team
Management profileNumber of profiles
GeoVera Advantage Insurance Services subsidiaries and ownership
Company hierarchySubsidiaries3 records
GeoVera Advantage Insurance Services funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
GeoVera Advantage Insurance Services 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 GeoVera Advantage Insurance Services
What does GeoVera Advantage Insurance Services do?
GeoVera Advantage Insurance Services is a specialty property insurance program manager that underwrites and distributes residential earthquake insurance in California, Oregon, and Washington, and surplus lines homeowners, landlord, vacant home, and wind-only coverage in Florida. The company operates through three A-rated carrier entities and serves policyholders and producer partners through a mix of direct-to-consumer online sales and wholesale broker channels, supported by its proprietary myGeoSource quoting and policy administration platform.
Is GeoVera Advantage Insurance Services a public or private company?
GeoVera Advantage Insurance Services is a private company. It is classified as corporate owned and is currently operating.
When was GeoVera Advantage Insurance Services founded?
GeoVera Advantage Insurance Services was founded in 1997. It employs 101 to 250 people.
Where is GeoVera Advantage Insurance Services based?
GeoVera Advantage Insurance Services is headquartered in Fairfield, United States, in the North America region.
How does GeoVera Advantage Insurance Services make money?
Five revenue lines are on record. Residential Earthquake Insurance is the primary driver. The others are surplus Lines Homeowners Insurance (Florida), landlord Residential Insurance (Florida), vacant Home Insurance (Florida) and wind Only Residential Insurance (Florida).
Who are GeoVera Advantage Insurance Services's main competitors?
Direct peers on record are Tower Hill Insurance Group, Heritage Insurance Holdings, HCI Group (Homeowners Choice), Citizens Property Insurance Corporation, Palomar Holdings, Universal Insurance Holdings and California Earthquake Authority (CEA). Broad incumbents are State Farm, Allstate and SageSure Insurance Managers.
Does GeoVera Advantage Insurance Services have an API?
No public API is recorded for GeoVera Advantage Insurance Services.
What industry is GeoVera Advantage Insurance Services in?
GeoVera Advantage Insurance Services's product category is Specialty Property Insurance. Its primary akta.pro industry code is FSAJACAA, Homeowners Insurance, with a secondary code of FSAJACAD, Landlord / Dwelling Fire (DP) Insurance. Its NAICS code is 52412 and its SIC code is 6331.