Pacific Specialty Property and Casualty Company, the Texas affiliate of California-based Pacific Specialty Insurance Company (PSIC) announced a new suite of preferred tier residential property insurance products in Texas.
Effective March 1, Pacific Specialty began offering new discounts and more options on its existing HO-4 and HO-6 programs. In addition, the company released its comprehensive HO-3 homeowners policy with preferred rating and coverage.
On average, homeowners who switch to Pacific Specialty save $200 annually on their homeowners insurance, the company said in its announcement.
The homeowners HO-3 policy offers referential rating for qualifying preferred tier policies and will cover homes up to $700,000 in dwelling value.
The unit-owners (HO-6) and renters (HO-4) policies offer referential rating for qualifying preferred-tier policies and cover personal property up to $300,000 (HO-6) / $150,000 (HO-4).
The company said the new program for Texas is an extension of its preferred residential offerings in Arizona, California and Nevada.
Pacific Specialty, which identifies itself as one of the largest homeowners’ insurers in California, is A.M. Best “A” (Excellent) rated. The company also offers competitive markets for motorcycles, personal watercraft, boats, dwelling fire and personal umbrella policies.
Source: Pacific Specialty, www.pacificspecialty.com
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