Binding Moratorium: Texas

Binding Moratorium: Texas

Issued On: Thursday, July 23rd, 2020

Effective Date: 10:00 a.m. EST

Territory Impacted: Texas

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

Business Type: New Business and Endorsements in Coverage

     

Binding Moratorium - Texas


Effective Thursday, July 23rd, 2020 at 10:00 a.m. EST, London Underwriters will be issuing a New Business binding moratorium for all policies requiring windstorm coverage in the State of Texas. 

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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