King Insurance has created a strategic partnership with Hyundai Marine & Fire Insurance Co. to sell Hyundai’s recently filed, California Homeowner Insurance products. Policies will be sold through King’s independent agent network.
Hyundai Marine & Fire Insurance Co. is a global insurer with $20 billion in invested assets and a P/C and automobile insurance company in Korea.
The California Homeowner product will be managed by Hyundai’s U.S. branch, in conjunction with King Insurance. The program will consist of HO-2, HO-3, DP-2 and DP-3 offerings. These admitted products were designed to provide competitive pricing while still offering a variety of coverage options. Comparative policy pricing is viewable on FSC. Agents will have the access to web-based rating, flexible payment plans and competitive commissions.
The HO program affords coverage limits up to $1.2 million and underwriting criterion commensurate with an array of preferred markets.
Topics California New Markets Homeowners
Was this article valuable?
Here are more articles you may enjoy.
Surveys Show Concerns About Florida Market, But Consumers Are Warming Up 
Litigation Finance Hits a Wall After Bets on Huge Gains Falter 
State Farm Sued Over Policies Backed by Distressed Insurer PHL 
‘Dream Is in Sight:’ Chamber, Reinsurers, Insurers Urge Florida to Stay the Course 
