ACE Adds Condos, Multi-Family Homes to DMP Program

September 2, 2004

  • September 3, 2004 at 1:18 am
    Al says:
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    This is a new coverage to me. The article raises more questions than answers. Is this a standalone policy? Is it marketed with an ACE homeowners policy or is it a supplement for other company’s policies.

    Who needs this coverage? It’s already included in the HO-3 coverage D for loss of use or additional expenses. I suppose the disappearing deductible feature would be nice for homeowners who’ve recently switched to high deductible policies.

    Still, it would to need to be mass marketed at a low premium to be sellable.

  • September 6, 2004 at 11:02 am
    jim m says:
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    This is stand alone and the important features are the payment of mortgage while uninhabitable & deductible recovery.



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