Munich Re Specialty Insurance is launching a FAIR Plan Commercial Wrap, available to commercial insureds in California who seek comprehensive coverage in tandem with their FAIR Plan coverage.
MRSI’s FAIR Plan Commercial Wrap is designed to enable insureds to more fully protect their business properties against property damage than just the FAIR Plan alone.
Sold through wholesale brokers, the product gives businesses access to coverage for property damage – including water damage, burst pipe coverage and other non-fire perils – that the FAIR plan excludes.
This coverage is being provided on a non-admitted business and may not be available in all circumstances.
Munich Re Specialty Insurance is a description for the insurance business operations of affiliated companies in the Munich Re Group that share a common directive to offer and deliver specialty property/casualty insurance products and services in North America.
Topics California Commercial Lines Excess Surplus New Markets