Universal Property Home Insurance Review: Service, Cost, & More (2023)

Based on MoneyGeek’s analysis, Universal Property received an overall score of 89 out of 100. Our rating speaks to the company’s performance considering customer satisfaction, financial stability and affordability. Universal Property is a well-rounded insurance provider, scoring well for both customer satisfaction and affordability.

Financial stability is important when choosing an insurance company. It only makes sense to choose a provider that has the capacity to pay out your claim. Universal Property received an A rating from Demotech, a financial analysis firm. This rating means Universal Property has exceptional financial stability.

To determine how much a Universal Property homeowners insurance policy will cost you, you can use their online quote tool or speak to an agent. The average price of $250,000 dwelling coverage is $1,979 per year, but that can significantly change based on your home’s location, age, construction type and other factors.

Your homeowners insurance rates vary depending on your location and preferences for replacement cost coverage, personal coverage and deductible amounts.

Generally, $250,000 is a good limit for dwelling coverage. However, it’s best to assess your home’s value to find out how much coverage you really need. Beyond dwelling coverage, you also need to choose limits for other coverage, such as for other structures (like a fence or detached garage), personal property, loss of use and more.

MoneyGeek’s homeowners insurance calculator can help you estimate your premium prices based on your desired coverage limits.

Universal Property policyholders can take advantage of seven discount possibilities, which is in line with the industry average. Most of this provider’s discounts aren’t usually found with other companies, such as loyalty, roofing material, senior and continuous insurance.

Universal Property offers nine optional coverages, which is significantly higher than the industry average of five. Moreover, the company has all standard coverages except for cyber theft insurance.

Four add-on coverages from Universal Property are unique and not usually found with other insurance providers. This includes equipment breakdown coverage, an optional endorsement that pays for home systems or appliances that break down from reasons other than normal wear and tear.

You can find standard add-on coverages from Universal Property such as sewer back-up, extended reimbursement, scheduled personal property, building ordinance and contents replacement cost coverages. In the information below, MoneyGeek detailed those coverages, including the company’s unique optional endorsements.

It’s a good idea to read the fine print when shopping for homeowners insurance. That way you can make sure that a policy with your preferred company includes all the standard coverages.

Flood, earthquake and pest damage are often excluded from a policy’s standard coverages. If you really need any one of them, check if your insurance provider offers it as an optional coverage or through a separate policy. Some companies, like Universal Property, do not offer such coverage.

Regardless of your required coverage limits, make sure your homeowners insurance provider has these standard coverages:

Universal Property offers free digital tools that can help you manage your homeowners policy. You can get a quote, make payments and file a claim using their website or mobile app.

Aside from homeowners insurance, Universal Property offers other insurance products.

To evaluate Universal Property as a homeowners insurance company, MoneyGeek analyzed the Universal Property website, manually collected quotes and consulted consumer intelligence organizations such as J.D. Power, the NAIC and AM Best.