Private flood coverage written outside the NFIP is TypTap’s calling card, and the company built its own underwriting technology to price Florida flood and wind risk address by address. Launched in 2016 as a subsidiary of publicly traded HCI Group, TypTap writes homeowners and standalone flood policies for Florida property owners, with quoting designed to return a bindable number in minutes. Demotech assigns TypTap a Financial Stability Rating of A (Exceptional). Note that TypTap does not carry an AM Best rating, which is common among Florida domestic property carriers; lenders in Florida generally accept the Demotech rating for mortgage purposes.
