Western Security Surplus adds Texas Coastal Property Coverage

Ron Klimek, vice president and Dallas branch manager, announced that Western Security Surplus has increased capacity to write coastal property coverage in Texas, including wind and hail, Tier 1 and 2 counties.

The property coverage is offered via a non-admitted “A” rated market with an appetite for coastal property in Texas. Coverage highlights include Standard Commercial ISO Coverage forms including wind and hail coverage. WSS has in-house quoting and binding authority up to $1,500,000 TIV ($1,000,000 for frame structures). Capacity is available in all Texas Tier 1 and 2 counties with the exception of Galveston and Jackson Counties.

Minimum premium starts at $1,000 and deductibles start at $5,000 or 5 percent per occurrence (whichever is more) for wind and hail coverage and $1,000 per occurrence for all other perils.

Eligible risks include but are not limited to: apartments, churches, condominiums, hotels/motels, lessor’s risks, restaurants/taverns/bars, retail/mercantile, vacant buildings and more. Interested agents and brokers are invited to visit the Web site at www.wssib.com.

Source: WSS

Topics Texas Excess Surplus Property