ICAT offers Wind/Hail Only coverage to commercial property owners in the Gulf, Florida and the Eastern Seaboard on behalf of a diverse line up of strong carrier partners and Lloyd’s of London Syndicates. Coverage is written on a non-admitted basis using a Named Peril policy form. Full-limit quotes for accounts with smaller total insured values can be obtained instantly through ICAT Online; quotes for full limits, primary, buffer and excess layers on larger accounts are available through an ICAT middle market account underwriter.
Eligible states generally include the Tier 1 and 2 counties proximate to the coast in Texas, Louisiana, Mississippi, Alabama, all of Florida, Georgia, South Carolina, North Carolina, Virginia, Maryland, Delaware, New Jersey, New York, Connecticut, Rhode Island, Massachusetts, New Hampshire and Maine.
Wind/Hail 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: Ordinance or Law, Mold Clean-Up and Removal and TRIA.
Target Accounts for the Commercial Wind/Hail program are commercial habitational (condominiums and apartments), offices and retail and hotels/motels, with many other occupancies eligible. Accounts are typically less than $50,000,000 in total insured value.
ICAT’s website offers full-limits quotes for accounts with smaller TIVs; our Middle Market Business Unit offers full limits or primary, buffer or excess layers. Specific guidelines and per-risk capacity vary by territory and are based upon account risk characteristics.