Welcome to CORE

Condo Owners Reciprocal Exchange (CORE) is an admitted insurance company specializing in commercial residential policies in Florida. Sponsored by HCI Group ->, a publicly traded company (NYSE: HCI) and one of the top property insurance providers in the state, CORE was established with the support of HCI’s advanced technology, underwriting expertise, and infrastructure, which enabled successful policy assumptions during its early development.

CORE is a policyholder-owned reciprocal insurer, rated “A” (Exceptional) by Demotech ->. Starting in February 2024, CORE successfully assumed policies from Citizens Property Insurance Corporation.

Why Choose CORE?

• CORE matches current Citizens’ policy coverage
• CORE’s rates are competitive with Citizens
• CORE policies are not subject to a Citizens Policyholder Assessment of up to 15%
• CORE‘s reciprocal structure allows the policyholder to participate in the company’s ownership­­­
• CORE maintains a 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, Homeowners Choice Property & Casualty Insurance Company and TypTap Insurance Company.

HCI entered the commercial residential market through the formation of Core Risk Managers, LLC, which will manage the day-to-day operations of Condo Owners Reciprocal Exchange. Since HCI’s inception in 2006, the company has grown to over $1 billion of in-force premium. 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.