Earthquake coverage is offered to commercial property owners in the Western United States and in the New Madrid states on behalf of ICAT Syndicate 4242 of Lloyd’s of London and on behalf of other insurance companies. Coverage is written on a non-admitted basis using a Difference in Conditions policy form. Full-limit quotes for accounts with smaller total insured values can be obtained instantly through www.icat.com; quotes for full limits, primary, buffer, and excess layers for larger accounts are available through an ICAT middle market account underwriter.
Earthquake coverage is provided on Buildings, Business Personal Property, Tenant Improvements or Betterments, Business Income/Rental Value, and/or Additional Property Coverage (signs, pools, fences, etc.). Optional coverage includes Flood (outside SFHA A and V), Earthquake Sprinkler Leakage, Ordinance or Law, and Mold Clean-Up and Removal.
Target Accounts are commercial habitational (condominiums and apartments), offices, retail and hotels/motels; with many other occupancies eligible. Accounts are typically less than $100,000,000 in total insured value.
ICAT’s website offers full-limit quotes for accounts with smaller TIVs; our Middle Market Business Unit can offer full limits or primary, buffer, or excess layers. Specific guidelines and per-risk capacity vary by territory and are based upon account risk characteristics.