Burns & Wilcox announced it now will provide personal lines fire, earthquake and DIC coverage in Hawaii. Coverage includes owners of primary, secondary, tenant-occupied and seasonally rented homes on the Hawaiian Islands (also offered in California and other states).
Coverage can include primary homes, secondary homes, corporate titled properties and seasonal rental properties. Property management companies also can be listed as an additional insured. The markets can write fire and earthquake written together and/or DIC (including earthquake coverage) on a stand-alone basis. Homeowner coverage starts at $350,000, Coverage A, with unlimited maximum limits available. The minimum premium is $1,000, and the minimum deductible is $1,000 with a maximum deductible of $100,000.
Earthquake coverage, when coupled with the homeowner product, can be written with deductibles ranging from 5 percent to 25 percent.
The DIC product can be written with limits starting at $50,000 up to $50 million. Deductibles range from $1,000 to a maximum of 5 percent. Excess DIC coverage also is available. Perils covered include: flood, landslide, earthquake, wind, tsunami, lava flow, sea spray and lahars, which is a moving fluid mass composed of volcanic debris and water.
This DIC product also is available in other states.
According to the company, it has access to two of the only markets with no moratorium on writing earthquake and DIC coverage in Hawaii. For information and online applications, visit www.burnsandwilcox.com.
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