Vyrd Insurance: who you’re dealing with.

We read 1,891 Civil Remedy Notices filed against Florida property insurers over denied claims. 8 of them name Vyrd Insurance (NAIC 17153). 4 were later withdrawn or recorded as resolved, which is what the record looks like when a carrier fixes the problem inside the 60-day window.

Given the vastly underestimated cost of repairs, the Insured's disagreement with the coverage decision, and the scope and nature of the damage resulting from the loss, the delays in payments for incurred costs, the Insured disputed the coverage determination and submitted a sworn statement in proof of loss for $207,591.39 which was a fair and reasonable assessment of the loss and included incurred ALE expenses to date. The [name redacted] 's retained the services of [name redacted] Consultants, LLC who is a licensed contractor to provide a estimate of the damages which totaled $130,804.[address redacted]orage of personal property. Also, on August 29th, 2024 [name redacted] provided Vyrd with another incurred ALE expense from AirBNB for $8,923.66 and again asked for contact information for who will be reinspecting as no one has reached out.

The Insureds retained licensed Public Adjuster [name redacted] of Altieri Insurance Consultants, to investigate the loss and provide an estimate of the damages the Property sustained. Kirby estimated the total cost to restore the Property back to its pre-loss condition at $442,697.37 ACV/ $477,688.99 RCV for the dwelling. After accounting for the Policy's deductible, the total outstanding amount owed to the Insureds at this time is $425,681.37 ACV.

Counts are filings naming the insurer, matched on NAIC code. They follow book size as much as behaviour: a carrier with more Florida policies collects more filings. Each is an allegation by a policyholder, not a finding.