Issued On: Monday, August 5th, 2024
Effective Date: 11:00 a.m. EST
Territory Lifted: Polk, Osceola, Brevard, Indian River, Hardee, Desoto, Highlands, Okeechobee, Saint Lucie, Martin, Charlotte, Glades, Lee, Hendry, Palm Beach, Collier, Broward, and Miami Dade.
Binding Moratorium Update - Hurricane Debby
Effective Monday, August 5th, 2024, at 11:00 a.m. EST, London Underwriters has lifted the binding moratorium for all new policies requiring windstorm and property coverage for the following counties: Polk, Osceola, Brevard, Indian River, Hardee, Desoto, Highlands, Okeechobee, Saint Lucie, Martin, Charlotte, Glades, Lee, Hendry, Palm Beach, Collier, Broward, and Miami Dade. The binding moratorium remains in effect for all areas not listed.
The moratorium applies to our Lloyd's wind-only product via True Premium, for both Commercial and Residential property lines of business requiring windstorm and/or property coverage, including, but not limited to the following products: Commercial Property, Inland Marine, Cargo, and Yachts.
This binding moratorium applies to new business and expired renewals, as well as new additions and/or exposure or limit increases to existing policies.
Please note that all renewals that have not expired will be honored and renewals that have expired need to be approved.
Issued On: Friday, August 2nd, 2024
Effective Date: 1:00 p.m. EST
Territory Impacted: Florida
Binding Moratorium - Tropical Cyclone Four
Effective Friday, August 2nd, 2024, at 1:00 p.m. EST, London Underwriters has issued a binding moratorium for all new policies requiring windstorm and property coverage in Florida.
The moratorium applies to our Lloyd's wind-only product via True Premium, for both Commercial and Residential property lines of business requiring windstorm and/or property coverage, including, but not limited to the following products: Commercial Property, Inland Marine, Cargo, and Yachts.
This binding moratorium applies to new business and expired renewals, as well as new additions and/or exposure or limit increases to existing policies.
Please note that all renewals that have not expired will be honored and renewals that have expired need to be approved.
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.
Best Wishes,
London Underwriters
(866) 245-5197
Comments