Berkley One, a startup insurance provider targeting the high net worth personal lines market, has expanded into Florida and Ohio.
Working with select independent agents, Berkley One offers home, automobile, fine art and collectibles, excess liability and travel insurance. With this launch, Berkley One also extends its flood insurance product to eligible Ohio, New York and Connecticut clients.
With the addition of these new geographies, Berkley One’s reach now covers 46 percent of the US high net worth auto and home market, after just over one year in market.
According to Kathleen Tierney, president of Berkley One, many of Berkley One clients and potential clients have secondary and vacation homes in Florida. Similarly, the launch into Ohio deepens its Midwest reach.
These state and product launches are the result of a development process which engages agents to build and grow together with Berkley One, the company said. ”
“As we built our flood product, we invited agent partners into our product design lab, and learned through iteration what our clients and agents needed most,” said Tierney.
Berkley One’s primary flood coverage is now available for home, condo and renters insurance clients in eligible B, C, and X zones in Illinois, Ohio, New York and Connecticut with additional states expected to follow.
Insurance products from Berkley One are now available in Florida, Ohio, New York, Connecticut, Illinois, Colorado, Arizona, Minnesota, and Wisconsin.
Berkley One is a member company of the W. R. Berkley Corporation.
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