Burns & Wilcox, a Farmington Hills, Mich.-based national specialty insurance wholesaler, underwriter and managing general agent, is offering of a new commercial “all risks” property program that includes hard-to-find earthquake coverage in California. The Chubb Surplus Lines Property market, offered through all of Burns & Wilcox’s six offices throughout California, includes $2.5 million to $5 million in earthquake coverage for all zones in California, including the especially difficult-to-insure zones of A, B and E (San Francisco, Los Angeles, Riverside County). The policy is “A++” XV rated, non-admitted paper.
As part of an “all risks” monoline property policy, coverage includes quake, flood, coastal wind and builder & machinery coverage, with a minimum of $25 million in risk total insured value. Minimum premium is $25,000, and the minimum deductible is $5,000.
The program specifically targets California commercial property owners who have found difficulty in securing earthquake coverage in recent years. This includes owners of:
Commercial Properties
•office buildings
•malls
•industrial warehouses
•retail centers
•manufacturers
•vacant buildings
Habitation Risks
•apartments and condos
•student housing
•government-subsidized housing
•commercial-owned dwellings
•senior care centers
Retail and Service Businesses
•hotels and casinos
•restaurants and bars
•retail stores
•hospitals and clinics
•skilled nursing facilities
•gyms
•recreation parks
Public and Nonprofit Properties
•schools
•community centers and parks
•churches
•correction centers
For information, contact tthe Burns & Wilcox office in your area:
•Fresno: 559-448-1180; fax: 559-448-1170; e-mail: cnorton@burns-wilcox.com; Ceil Norton
•Los Angeles: 818-737-3090; fax: 818-227-0780; e-mail: fcosta@burns-wilcox.com; Fred Costa
•Modesto: 209-576-3300; fax: 209-576-0500; e-mail: kalyon@burns-wilcox.com; Ken Lyon
•Sacramento: 916-638-2524; fax: 916-638-2359; e-mail: kalyon@burns-wilcox.com; Ken Lyon
•San Diego: 619-688-7920; fax: 619-294–4608; e-mail: bmfrank@burns-wilcox.com; Bonnie Frank
•San Francisco: 415-421-4244; fax: 415-421-0620; e-mail: hwgoldenberg@burns-wilcox.com; Harvey Goldenberg
Or, for more information and applications, visit the Web site: www.burnsandwilcox.com.
Topics California Catastrophe Natural Disasters Commercial Lines Earthquake
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