About Us - VYRD (2024)

FAQs

Who is the CEO of VyRD? ›

David Howard - VYRD INSURANCE COMPANY | LinkedIn.

VYRD Insurance Co., an admitted Florida-domiciled Property and Casualty insurance firm, has successfully completed its 2023 reinsurance program for the upcoming Atlantic hurricane season.

When you purchase a homeowners insurance policy, when you renew your policy, or when you make any changes to your policy, the company will give you a document called a “Declarations Page.” The Declarations Page identifies the kinds and amounts of coverage you have and how much it will cost you.

David Howard serves as the Chief Executive Officer (CEO) of the National Rental Home Council, the nonprofit organization representing the interests of the single family rental home industry.

VYRD Insurance was founded in 2021.

Non-admitted insurers, also known as excess and surplus (E&S) lines carriers, sell policies that aren't backed by your state. While they don't fall under traditional insurance regulations, many states do regulate non-admitted carriers. These regulations are usually less strict than those followed by admitted insurers.

A non-admitted product does not have to go through the long approval process that admitted ones go through, but non-admitted carriers still need to submit company information such as articles of incorporation, a list of officers, and various financial information to the surplus lines office.

Life insurance investments, particularly whole or universal policies, offer unique benefits like tax-deferred growth and potential for loans not typically available with traditional investments. However, it's important to consider other investments, like retirement accounts, before making any decisions.

The dec page summarizes your policy and coverages, limits and deductibles, and the dates your policy is effective. Auto insurance dec pages also list the insured vehicles and drivers, while homeowners dec pages list the location of the property you're insuring. You should get a dec page each renewal period.

What is the difference between an insurance binder and a declaration page? ›

A declaration page acts as a permanent summary of your policy and is valid throughout the term of your policy. On the other hand, an insurance binder is meant to be a temporary proof of insurance that is only valid for 30–90 days.

An “admitted carrier” in California is an insurance company that has been filed and approved by the California Department of Insurance (DOI). This means they are subject to all state regulations, and cannot deviate from their filed rates.

The company has been eligible to write surplus lines business in New York since April 30, 2012. As of December 31, 2023, Covington Specialty is a New Hampshire domestic surplus lines insurer and operated on a non-admitted basis in all fifty (50) states and the District of Columbia.

Our companies in the US include Hiscox Insurance Company Inc. (NAIC# 10200), and its general agent, Hiscox Inc. Hiscox Insurance Company Inc. is a Chicago, IL domiciled insurer admitted or licensed to do business in all 50 states and the District of Columbia.

A carrier is another name for insurance company. The terms insurer, carrier, and insurance company are generally used interchangeably. Note that people will sometimes use “provider” as another synonym here, but provider is more often used to describe the hospitals and doctors who provide the health care services.