LIFTED BINDING MORATORIUM
Tropical Storm Fay
Effective July 13th at 2:00 p.m. EST
Issued On: July 13th, 2020
Effective Date: 02:00 p.m. EST
Territory Impacted: New Jersey, Rhode Island, Connecticut, Virginia, Vermont
Lines of Business Impacted: Residential & Commercial Property requiring windstorm coverage, Inland Marine, Cargo & Yachts
Business Type: New Business Only
Effective July 13th, 2020 at 02:00 p.m. EST, London Underwriters has lifted the New Business binding moratorium for all policies requiring windstorm coverage in the State of New Jersey, Rhode Island, Connecticut, Virginia, and Vermont.
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 or calling (866) 245-5197 .