PRODUCT: FLEX Homeowners Insurance.

COMPANIES: Orion180 Insurance.

RATING: A with Demotech.

AVAILABILITY: Appointed agents and brokers only.

FOCUS: Traditional homeowners policies often force policyholders into one-size-fits-all coverage, which can leave gaps or add unnecessary costs. Florida and Texas homeowners pay an annual average of $5,488 and $3,973, respectively, according to Bankrate, which is the second and sixth-highest amount in the country.

Orion180 FLEX Homeowners Insurance allows independent insurance agents and brokers in Texas and Florida to offer more flexible and customizable home insurance options, giving them the power to balance risk tolerance and affordability.

COVERAGE DETAILS: Policyholders can choose from various deductible and co-pay options to balance upfront costs with long-term savings. A unique claim-free bonus rewards homeowners with up to 100% of their first-year premium, depending on the length of their claim-free period.

Additionally, the rate-locking feature enables policyholders to extend their policy term and secure their premium, helping them manage rising insurance costs. To further accommodate homeowners, FLEX offers multiple payment plans: annual, semi-annual and quarterly.

UNDERWRITING: FLEX accommodates a diverse range of homeowners, regardless of home value, construction type or coverage preferences, ensuring they can find a policy that fits their needs.

Coverage A requirements in Florida start at $400,000 and go to $1.5 million, while Texas falls between $350,000 and $1.25 million to ensure homes are fully insured for replacement cost. Eligibility is determined by property condition, occupancy type (must be owner-occupied), and home features such as roof type, age and material. Peril selection varies based on mortgage status—mortgaged homes require specific perils like wind and hail, while non-mortgaged homes have greater flexibility in choosing coverage.

Homeowners also have the choice to customize their roof coverage with options like replacement cost value, actual cash value or stated value, depending on the roof's material and age. Additionally, policyholders can take advantage of various discounts, including those for loss-free history, wind loss prevention, protective devices and military or first responder status.

COVERAGE AVAILABILITY: Texas and 14 coastal counties in Florida.

TARGET: Ideal clients include homeowners with mortgages who need essential protections—such as wind, hail and storm coverage—but also want the flexibility to tailor additional options. It also serves homeowners without mortgages who have greater freedom in selecting which perils to cover, allowing them to align their coverage with their specific risk tolerance.

Additionally, this coverage appeals to cost-conscious homeowners looking for ways to manage premiums through features like co-pay options and premium protection for renewal terms.

CONTACT: Orion180, 930 S Harbor City Blvd., Suite 505, Melbourne, FL 32901; 866-590-3550.

Will Jones is IA editor-in-chief.