Vertus Insurance Partners, a Florida-based managing general agent and provider of specialized catastrophic risk protection insurance products is entering the Texas marketplace with its homeowners’ hurricane deductible reimbursement products.
The company said its Cat4Home product provides Texas homeowners supplemental homeowner protection to cover the high cost of the hurricane deductible and eliminate the out-of-pocket expenses from covered losses following a loss from a Category 1-5 storm
Cat4Home will be available by mid-November. Underwritten by Zurich, an A.M. Best carrier (A+ Rated), Cat4Home provides true first-dollar coverage in the event of hurricane. It is available for homes valued up to $5 million and hurricane deductibles from $1,000 to $100,000.
To expand its retail distribution footprint in Texas, Vertus is partnering with Insurance Market Solutions Group (IMSG), a Houston-based distributor of insurance products in Texas.
Source: Vertus Insurance Partners
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