Number of years that a Property insurer has been supporting O/O
- some have never paid a O/O claim, new to the system
“Aggregate” programs
- Most will have an annual aggregated/combined limit for Earthquake/Flood
- However, some also aggregate/combine Named Storm Wind (hurricane, tropical storms, etc.), Fires, Hail, and everyday Property Claims eating away at annual program limits available to those in the program. 2 hurricane occurrences, as an example, could quickly erode such insurance options.
- Some also share risk/claims with numerous insurance companies/markets while some have only 1 insurance company/market
Terrorism (excluding Umbrella/Excess) is only included with a couple of options
- Other options charge extra for base Terrorism causing some confusion when comparing options
Wind/Hail deductibles
- Not just Named Storm Wind, but rather these high deductibles apply in some programs to all Wind/Hail
Food Spoilage limits of coverage
Off-Premise Service (loss of power) limits of coverage – Business Interruption section
Availability of Optional Coverage Offerings
And Much More
Contact a Locally Licensed Insurance Agent To Learn More