Insurers earning a financial stability rating of A or better from Demotech are now eligible for standalone personal umbrella insurance quotes from Appalachian Underwriters.
Quotes will be available for preferred, standard and higher-risk umbrellas with limits up to $10 million in most instances. Producers of carriers rated A or better by Demotech can access the countrywide personal umbrella program by visiting Appalachian’s XpressUmbrella website or calling the company.
“Being able to partner with Demotech and have our products and services made available to their client carriers is a tremendous opportunity,” said Tagge Stroom, director of personal lines at Appalachian. “Our solutions are designed to meet the needs of the independent agency base.”
Stroom also said that this helps move the acceptance of FSRs to a whole new level within the industry.
The Oak Ridge, Tenn.-based Appalachian Underwriters, Inc. is a full-service MGA and wholesale insurance brokerage, providing independent agents a national outlet to multiple specialized markets for workers’ compensation, commercial specialty and personal lines.
Demotech is a Columbus, Ohio-based financial analysis firm that offers services to property and casualty insurance companies, title underwriters and specialty insurance markets.
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