Binding Moratorium: Tropical Depression 13 and 14

Binding Moratorium: Tropical Depression 13 and 14

Issued On: August 21st, 2020

Effective Date: 04:00 p.m. EST

Territory Impacted: Florida, Texas, Louisiana, Mississippi, Alabama

Lines of Business Impacted: Residential & Commercial Property requiring windstorm coverage, Inland Marine, Cargo and Yachts   

Business Type: New Business and Endorsements to lower deductibles or add/increase coverage 

     

Binding Moratorium - Tropical Storm Laura (Tropical Depression 13) and Tropical Depression 14


Effective August 21st, 2020 at 04:00 p.m. EST, London Underwriters will be issuing a New Business and Endorsements binding moratorium for all policies requiring windstorm coverage in the State of Florida, Texas, Louisiana and Mississippi. 

The Moratorium applies to both Commercial and Residential lines property business requiring windstorm coverage, including but not limited to the following products: HO6, Commercial Property, Inland Marine, Cargo and Yachts.

This binding moratorium only applies to new business and expired renewals, as well as new additions and/or exposure or limit increases to existing policies. We will communicate any further updates regarding this binding moratorium via email, social media and on our website.

If you have any further questions regarding this binding moratorium, please contact the Business Development team by replying to this email or calling (866) 245-5197. 

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