CORE



Condo Owners Reciprocal Exchange (CORE) is an admitted insurance company focused on commercial residential policies in Florida. CORE is a newly formed insurance company that was sponsored by HCI Group, a publicly traded company (NYSE: HCI) formed in 2006 and a top writer of property insurance in Florida.
HCI Group has the technology, expertise and infrastructure to execute a successful Citizens takeout to jumpstart CORE
CORE is a policyholder-owned reciprocal insurer that is rated A, Exceptional by Demotech. CORE has received approval for policy assumption from Citizens Property Insurance Corporation in February 2024.

Why Choose CORE?

  • CORE matches current Citizens policy coverages
  • CORE rates are competitive with Citizens
  • CORE policies not subject to Citizens Policyholder Assessment of up to 15%
  • CORE reciprocal structure allows the policyholder to participate in the insurance company’s ownership
  • CORE financially sound with Demotech A (Exceptional) Financial Stability Rating

Who Is HCI?

HCI Group, Inc. owns subsidiaries engaged in diverse, yet complementary business activities, including homeowners insurance, information technology services, insurance management, real estate, and reinsurance. HCI’s primary operations include two successful homeowners insurance companies in Florida, Homeowners Choice Property & Casualty Insurance Company and TypTap Insurance Company. HCI recently entered the commercial residential market through the formation of Core Risk Mangers, LLC, which will manage the day-to-day operations of Condo Owners Reciprocal Exchange, including managing the assumption of commercial residential policies from Citizens. Since HCI’s inception in 2006, the company has successfully completed over fifteen assumptions from Citizens. In addition to its insurance operations, HCI owns a real estate subsidiary, Greenleaf Capital, LLC, which owns and operates multiple properties in Florida, including office buildings, retail centers and marinas.

Our Products

Commercial Residential

Multi-Peril

Policy covers commercial risks used for residential purposes, including apartment buildings, condominium associations, and homeowners associations.

Commercial Residential

Wind Only

Policy covers commercial risks used for residential purposes, including apartment buildings, condominium associations, and homeowners associations for the perils of windstorm or hail. (Available exclusively in Citizens designated Coastal Zones)

Recent News

CORE, an HCI Group Sponsored Insurer, Secures ‘A’, Exceptional Rating From Demotech

Complete article on Issuerdirect.com READ NOW

HCI Group (HCI) Gets Approval to Operate CORE in Florida

Complete article on Nasdaq.com READ NOW

HCI’s CORE Receives Approval to Operate in Florida

Complete article on Reinsurancene.ws READ NOW

HCI Group Receives Approval for New Carrier and Citizens Assumption

Complete article on Globenewswire.com READ NOW


Wind Mitigation Information