XN Financial Unveils Products for High Value Homeowners’ on Fla. Coast

XN Holdings, parent company of XN Financial Services and XN Risk Insurance Services, will enter the Florida high value homeowners’ market with a comprehensive suite of products that includes wind-only coverage. The XN Financial solution will reportedly be distinguished by more flexible deductible options, service levels otherwise not available in the state, and generous broker remuneration.

“Florida agents and insureds are looking for creative solutions for their Personal Lines needs,” said Dan Anber, president and CEO of XN Holdings.

XN Financial has assembled a suite of ‘best in class’ products and services through a single coordinated access point for all personal lines insurance needs, using only AM Best “A” rated carriers (or better). Products include high value homeowners’, windstorm, primary and excess flood, high limit excess liability coverage, superior automobile product, and high value valuable articles, among others. Each product is supported by “24/7” claims service accessible through the XN Global Service Center, based in Miami.

The new ‘wind only’ facility will primarily target homes built during the year 2000 and afterwards, availing homeowners of $1,000,000 Coverage A (HO’3’s only), but could respond to select older homes which have undergone enhancements and renovations, or that exhibit superior construction.

The XN Financial offering includes accommodating coverage options for other structures, personal property and loss of use, increased coverage for loss assessment (not subject to a deductible), automatic coverage for personal property replacement cost, $5,000 for loss assessment, and a limited fungi element, with a maximum available wet or dry rot or bacteria coverage of $50,000.

XN Financial’s Underwriting Manager, Barbara Owens will be responsible for the day to day management of retail broker business.

Topics New Markets Homeowners