Florida-based Bankers Insurance Company was recently approved to write homeowners policies in California.
Doing business in the Golden State is nothing new for Bankers. As the country’s second largest flood carrier and the largest “write-your-own” flood company serving independent agents, Bankers has been writing flood insurance in California for more than a decade.
According to Lisa Murman, Bankers vice president, the company will apply a 10 percent companion policy discount to the homeowners policy for any customer who also has a Bankers flood policy.
In addition to the standard coverages regularly available with a homeowners policy, Bankers will also offer a unique endorsement called Incidental Flood. This pays for additional living expenses-such as a hotel stay-due to flooding. This option is available exclusively through the Bankers Homeowners policy.
Licensed in 39 states, Bankers Insurance Company is a multi-line p/c carrier based in St. Petersburg, Fla.
Topics California Flood New Markets Homeowners
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