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Medium Value Homeowners Solutions For Distressed Markets

Medium Value Homeowners Solutions For Distressed Markets. www.orchidinsurance.com. Who is Orchid Underwriters Agency?. Largest E&S writer of high value homeowners insurance in Florida Wind capacity for medium value homes in Florida through RenRe Insurance

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Medium Value Homeowners Solutions For Distressed Markets

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  1. Medium Value Homeowners Solutions For Distressed Markets www.orchidinsurance.com

  2. Who is Orchid Underwriters Agency? • Largest E&S writer of high value homeowners insurance in Florida • Wind capacity for medium value homes in Florida through RenRe Insurance • Financial ratings for RenRe Insurance: “A (Excellent) Class XI” by A. M. Best & Company and “A+ (Strong)” by Standard & Poor’s www.orchidinsurance.com

  3. Orchid's Products Personal Lines program highlights for medium value homes • Ex-wind and multi-peril wind • HO3 Policy form • Named insured flexibility – policies for primary, secondary, investment homes, corporations and partnerships www.orchidinsurance.com

  4. Underwriting Requirements For Medium Value Program • Availability only in Florida with significant property exposure restrictions in Dade County • Dwelling values of $150,000 to $300,000 • Distance to coast is greater than 2,500 feet from ocean/gulf • Minimum deductible of 5% • Year of construction: 1996 and newer • No prior losses www.orchidinsurance.com

  5. Underwriting Requirements For Medium Value Program • Ineligible if risk has 2 or more mortgages • Protection class of 6 or better • No vacancy • Property is not for sale • No existing damage www.orchidinsurance.com

  6. Online application • Email process for quotes • Online processing for binder of coverage, diligent effort and endorsements • Email issuance of policy packet • Renewal documentation emailed to agent 30-45 days in advance of expiration Efficient System www.orchidinsurance.com

  7. Superior Service Orchid’s Strategic Advantages • Fast turnaround time on quotes for this program • Typically 2 to 3 hours • Dec page/policy emailed within 24 hours of bind request • Communication with named underwriters • Automatic receipt of renewal submissions • Correspondence issued by email www.orchidinsurance.com

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