Orion180® Introduces FlexLuxe, Expanding Insurance Options for High-Value Homes

Orion180 Insurance Group (NASDAQ: OIG) launched FlexLuxe homeowners insurance for high-value properties in certain coastal Florida counties and throughout Texas.

Rhea-AI Summary

Orion180 Insurance Group (NASDAQ: OIG) launched FlexLuxe homeowners insurance for high-value properties in certain coastal Florida counties and throughout Texas.

The product offers dwelling coverage of up to $5M and Total Insured Value of up to $7.5M. Available through partner agencies, it includes an automatic water shut-off system and offers customizable deductibles and optional coverage for eligible possessions and property features. Orion180 expects launches in California and other states soon. FlexLuxe is underwritten by Orion180 Insurance Company, with availability subject to underwriting guidelines and policy terms.

Key Figures

Maximum dwelling coverage: Up to $5M Maximum Total Insured Value: Up to $7.5M Target dwelling coverage range: $2M to $5M

Maximum dwelling coverage

Up to $5M

FlexLuxe homeowners insurance

Maximum Total Insured Value

Up to $7.5M

FlexLuxe homeowners insurance

Target dwelling coverage range

$2M to $5M

Homeowners addressed by FlexLuxe

Key Terms

total insured value, dwelling coverage, extended replacement cost coverage, scheduled personal property coverage

4 terms

total insured value technical

"Total Insured Value of up to $7.5M"

Total insured value is the combined dollar amount an insurance policy (or group of policies) covers for all assets, calculated as the cost to replace or repair everything insured at current prices. Think of it like the total sticker price for everything under a homeowner’s policy; for investors it signals how large a company’s potential insured loss could be, influences premium and reinsurance needs, and helps judge whether coverage and reserve levels are adequate to protect the balance sheet.

dwelling coverage technical

"offers dwelling coverage of up to $5M"

Portion of a homeowners or dwelling insurance policy that pays to repair or rebuild the physical structure of a house or other covered building if it’s damaged by covered perils (fire, wind, vandalism, etc.). It generally covers the building itself and attached structures, excludes the land and usually does not cover personal belongings or liability unless the policy includes separate coverages; payouts are limited by the policy’s coverage limit and subject to the deductible and whether the policy pays replacement cost or actual cash value.

extended replacement cost coverage technical

"extended replacement cost coverage, and specialized coverages"

An insurance endorsement for physical-property policies that pays to repair or replace insured buildings and contents at current replacement cost even if that amount is higher than the policy’s stated limits, up to a specified extra percentage or dollar amount. It is triggered when rebuilding costs after a covered loss exceed the policy limit; unlike guaranteed replacement cost, it normally caps the insurer’s extra payment at the agreed extension (for example, 20% above the limit) and still follows the policy’s coverage terms and exclusions.

scheduled personal property coverage technical

"Scheduled personal property coverage provides additional choices"

An insurance endorsement that lists (schedules) individual high-value personal items—such as jewelry, fine art, cameras, or collectibles—and provides a specified amount of coverage for each listed piece. Unlike the standard personal property section of a homeowners or renters policy, scheduled coverage replaces the policy’s usual sublimits and often covers a broader set of perils (for example accidental loss or mysterious disappearance) and can offer agreed or appraised value settlement terms; it only insures the specific items named on the schedule and usually requires documentation (receipts, appraisals, or photos) and may carry its own deductible or underwriting conditions. The key practical difference is that unscheduled items are subject to a general category limit and lower sublimits, while scheduled items have individually stated limits and typically broader or higher-value protection.

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Customizable solution delivers up to $7.5M in Total Insured Value in Florida and Texas

MELBOURNE, Fla., Oct. 19, 2026 (GLOBE NEWSWIRE) -- Orion180 Insurance Group Inc. (“Orion180”) (NASDAQ: OIG), a leading provider of flexible, customer-centric homeowners and flood insurance, announced today the launch of FlexLuxe Homeowners Insurance in certain coastal counties in Florida and throughout Texas, a specialized homeowners insurance product offering higher coverage limits, customizable protection, and dedicated service for high-value properties.

Building on Orion180’s award-winning FLEX Home Insurance platform, FlexLuxe offers dwelling coverage of up to $5M and Total Insured Value of up to $7.5M. For homeowners requiring $2M to $5M in dwelling coverage, insurance needs often extend beyond the primary residence to guest houses, detached structures, and other distinctive property features. FlexLuxe addresses this specialized market segment by offering higher limits and customizable coverage options designed to accommodate the full scope and complexities of these properties.

“The high-value homeowners have distinct insurance needs, and we see an opportunity to address those needs with a more personalized approach,” said Ken Gregg, Founder and CEO of Orion180. “FlexLuxe goes beyond higher coverage limits, combining thoughtful underwriting, flexible protection, and exceptional, dedicated service to deliver a seamless insurance experience for homeowners and their most valuable assets.”

FlexLuxe also integrates proactive risk-mitigation technology into its coverage offering. Every policy includes Orion180's complimentary Automatic Water Turn-Off System (AWTOS^®), which monitors water flow, pressure and temperature to help reduce the risk of costly water damage.

Extending Orion180's award-winning approach to customizable coverage, FlexLuxe offers flexible deductible options, optional co-pay structures, extended replacement cost coverage, and specialized coverages that allow homeowners to tailor protection to their individual needs. Optional coverages include cyber protection, solar panels, increased special limits, and large loss deductible waivers. Scheduled personal property coverage provides additional choices for protecting eligible high-value possessions.

FlexLuxe is currently available through partner agencies in Florida and Texas, with launch in California and other states expected soon. Learn more. Agents interested in becoming a FlexLuxe partner can click here.

About Orion180 Insurance Group Inc.
Orion180 Insurance Group Inc. (Orion180^®) is a founder-led technology-focused, high growth, high-margin specialty insurance group delivering innovative insurance solutions with a growing footprint across the United States. Since beginning operations in 2018, Orion180 has organically grown to become the second largest excess and surplus (“E&S”) lines homeowners insurance provider in the United States by direct written premiums with a presence in 14 states. Orion180's diverse product offerings across E&S and admitted homeowners' insurance, private flood insurance, and a range of ancillary products are distributed through a network of more than 14,000 active independent agents as of June 30, 2026.

Orion180's business is built on four core principles: (i) a relentless focus on innovation, (ii) real-time, data-driven decision-making through proprietary, end-to-end MY180 platform, (iii) ease of doing business, and (iv) long-term partnerships with distribution providers and reinsurance partners. Headquartered in Melbourne, Florida, Orion180 also has an office in Irving, Texas and a Service Center in Salt Lake City, Utah.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation, statements regarding the expected expansion of FlexLuxe into California and other states, and the timeline thereof; the features, benefits and performance of FlexLuxe, including its ability to accommodate the insurance needs of high-value homeowners and to provide a seamless insurance experience for homeowners and their assets; our proactive risk-mitigation technologies, including AWTOS®, and expectations regarding these technologies helping to reduce risk of water damage; and our partner agency relationships for the distribution of FlexLuxe. Without limiting the generality of the foregoing, you can identify forward-looking statements because they contain words such as “may,” “will,” “shall,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” “goal,” “objective,” “seeks,” or “continue” or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans, or intentions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, the following: our dependence on third-party independent agents to distribute our products; intense competition in the property insurance markets; our ability to accurately price risks and maintain adequate loss reserves; the availability and cost of reinsurance; severe weather conditions, catastrophes, and the effects of climate change; our reliance on our proprietary technology platform and rapid changes in technology, including AI; our dependence on the services of our founder and senior management team; regulatory developments; cybersecurity and data privacy risks; our level of indebtedness; general economic conditions, including changes in the housing market; and the dual class structure of our common stock. These and other important factors discussed under the caption "Risk Factors" in our final prospectus filed pursuant to Rule 424(b) on September 21, 2026 related to our initial public offering, and our other filings with the SEC, could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management's estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.

Orion180 Insurance Group Inc. Media:        
Corporate Communications
media@orion180.com

Orion180® and AWTOS® are registered trademarks of Orion180 Insurance Group, Inc.

FlexLuxe is underwritten by Orion180 Insurance Company. Product availability varies by state and is subject to underwriting guidelines and the terms, conditions, and exclusions of the applicable policy.