Binding Moratorium Update - Hurricane Eta

Binding Moratorium Update - Hurricane Eta

Issued On: November 11th, 2020

Effective Date: 12:00 p.m. EST

Territory Impacted: Florida and Georgia

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 

     

Issued On:  November 11th, 2020

Effective Date: 11:00 a.m. EST

Territory Impacted: Florida & Georgia

Territory Lifted: Alabama

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

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

     

Binding Moratorium Update - Hurricane Eta


Effective November 11th, 2020 at 11:00 a.m. EST, London Underwriters has updated the binding moratorium for Hurricane Eta. The binding moratorium for all policies requiring windstorm coverage in  the state of Florida and Georgia remain in place. 

We have lifted the binding moratorium in the state of Alabama. 

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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