Hyundai Fire & Marine Enters California Homeowners Market

September 24, 2015

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.

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.

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