Binding Moratorium Updated: Tropical Storm Beta
Issued On: September 23rd, 2020
Effective Date: 2:00 p.m. EST
Territory Lifted: Texas & Alabama
Territories with Active Moratorium: Louisiana & Mississippi
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
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Binding Moratorium Lifted - Tropical Storm Beta
Effective September 23rd at 2:00 p.m. EST, London Underwriters has lifted the binding moratorium for all policies requiring windstorm coverage in the State of Texas & Alabama.
Please note that all binding requests for new business or increases in coverage to
existing policies in the affected areas of Tropical Storm Beta are subject to written
verification of No Known Loss or Damage. Your Underwriter will work with you
directly on any documentation that is needed to bind.
We will communicate any further updates regarding this binding moratorium lift 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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