- Lots of discounts available.
- Easy to get a quick quote.
- Plenty of additional coverage to choose from.
- Only available in certain states
- Lots of complaints
- Mixed customer reviews
Swyfft is a relatively new insurance company that was founded in 2014. This insurer serves 5 states: Alabama, Florida, Massachusetts, New Jersey, and Texas. They only offer homeowners insurance as far as personal lines are concerned, but they do have some commercial options as well that are available in Florida.
Shopping for homeowners insurance is one of the most important decisions you will make. You need to make sure you are choosing a great company with a solid reputation. To do so, taking a look at each factor of the company will give you an idea of how they operate and what type of coverage they have for your home.
Swyfft homeowners insurance coverages
Swyfft advertises comprehensive coverage for many types of homes. Their basic policy covers the traditional areas that most other policies cover. You will get protection for your dwelling, other structures, personal property, additional living expenses, personal liability, and medical expenses. Their coverage options appear to be very straightforward and simple. It is suggested that you can get a very fast quote through their website.
Many people see Swyfft as a company that is geared toward convenience. They aim to get quotes to customers quickly, providing them with solid options for homeowners insurance. There is not much more to getting a policy through Swyfft, so you can be sure to know what to expect when you are working with them.
Swyfft’s additional coverages
Swyfft offers a selection of additional coverage you can add to your homeowners insurance policy. This will assure you that you are getting exactly what you need for your home.
- Additional replacement cost: this coverage will increase your dwelling coverage limit by 25%, offering you additional protection if you must rebuild your home.
- Personal property replacement cost: this coverage does not factor depreciation into the cost of your personal items in the event they are damaged or stolen as a result of a covered loss.
- Enhanced personal property: if you have items such as computers, golf carts, and other valuables, you can get this protection to cover these high-value belongings.
- Equipment breakdown: in case your appliances or home systems are damaged, you can get coverage as long as this is not a result of natural wear and tear.
- Water backup: this coverage will protect you for up to $10,000 in case your home is damaged due to water backup.
- Identity theft: you get up to $15,000 worth of coverage in case your identity is stolen when you select this coverage.
- Sinkhole insurance: this add-on will cover the cost of replacing your home in case it is damaged by a sinkhole. A 10% deductible applies to this coverage.
- Ordinance or law: in case your home must be upgraded to remain compliant, you can get anywhere from 25% to 50% in the ordinance or law coverage.
- Personal injury: this coverage will kick in if you are falsely arrested or evicted.
Swyfft home insurance discounts
If you are looking to get a discount on your homeowners insurance through Swyfft, you can do so by qualifying for one of these options:
- Alarm system/fire preventative device
- Sprinkler credit
- Smart water monitoring
- Claims-free
- New home buyer
- Secured community
- Wind mitigation
- Building code effectiveness grade
Since there are several ways to save money on insurance, it is clear that Swyfft cares about how much each customer pays. You can see if you qualify for any of these discounts when you opt-in to get a quote through their website.
Swyfft homeowners insurance premiums
It is difficult to tell exactly how much a policy will cost through Swyfft as many factors such as your home’s size, location, age, roof condition, and others can affect the price.
When we checked customer reviews, we saw that there is no consensus among homeowners if Swyfft insurance is affordable or not. Some homeowners were able to find the cheapest rate with Swyfft. Others complained about expensive premiums and that their rates increase drastically after a renewal.
If you want to get a quote estimate for your home, it is best to head directly to Swyfft’s site and fill out their form. Swyfft claims you can get a quote estimate within 10 seconds. Be aware that the initial estimate is based on only your home’s age and square footage.
Swyfft’s claims experience
There are several complaints when it comes to the way that Swyfft handles its claims process. Many people complain that it is difficult to work with the claims adjusters and have not had great experiences after going through covered losses. They state the process takes a long time and the company does not make it simple for the customer.
There are a few people who have had no issues when filing claims and were able to do so without any issues. It appears that a majority of the claims reviews centered on negative experiences have to do with the claims adjuster that has been assigned to the case.
Swyfft’s customer service
There are mixed reviews when it comes to the level of customer service provided by Swyfft. Some people are very happy with the way the company handles its business. They state it is easy to work with them, and they are quick when it comes to communication. This showcases Swyfft’s effectiveness when it comes to handling its customers.
The negative reviews argue that communication is not the best. Since there is no way to self-service policies online and the company is only open during the weekdays, there are limited chances available to get in touch with someone who can help.
As of April 2023, Swyfft has earned a 4.4-star rating from 714 Google reviews. However, the ratings from other review sites are significantly lower.
Swyfft’s financial strength
BBB
Swyfft has been accredited by the Better Business Bureau since 2018. They have earned an A- rating. There have been 63 closed complaints over the last three years.
AM Best
As stated by the Swyfft website, they have earned an A- rating through AM Best as well. This is seen as an excellent rating when it comes to financial strength.
While the company has earned great ratings, they do have quite a few closed complaints for a company of this size. This is something to keep in mind before choosing to work with an insurance carrier.
The verdict
Swyfft is a straightforward carrier that provides homeowners insurance to a variety of different individuals. They have plenty of additional coverage to choose from, making it possible to easily customize your homeowners insurance policy. They also offer a range of discounts if you are looking for a way to save money on insurance.
Their rates are already known for being low, so you are likely going to get a great deal when you choose Swyfft as a carrier. This appears to be a great option if you are willing to take all of the customer reviews into account. They are fairly mixed reviews, so it is difficult to know exactly what you will experience when you work with the company.
Some people are fairly happy with the company, but others complain that it is not easy to get in touch with them. From filing claims to making simple policy changes, people have complained that these processes are not easy to go through. It is worth giving Swyfft a chance if you keep these reviews in mind.
