The risk of catastrophic loss during hurricane season requires an innovative approach to property coverage—and a rapid response when losses occur. For over 40 years, Lexington Insurance Company has helped our brokers and clients prepare for, protect against, and recover from catastrophic losses. We are the leading U.S.-based surplus lines insurer, and a property and casualty market leader. Make sure you’re a step ahead of risk this hurricane season. Watch LexTV for the latest on hurricane risk and coverage solutions. Hurricane 2012 Update Dr. Phil Klotzbach updates his 2012 seasonal hurricane forecast and shares his outlook for the remainder of the season. This episode also introduces Lexington's new Hurricane Infographic which will help streamline the understanding of a hurricane event.
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All interests from Louisiana to Mississippi, Alabama and the Florida Panhandle should rush preparations to completion. If peak storm surge occurs at high tide, peak water levels above ground could reach the following depths as Isaac moves by: - Southeast Louisiana, Miss., Ala. coasts: 6-12 feet - South-central Louisiana: 3-6 feet - Florida Panhandle: 3-6 feet - Florida west coast from Apalachicola to south of Naples: 1-3 feet Even as Isaac's center of circulation moves by, locally heavy rainbands can be expected. Another 1-3" of rain is possible in central and south Florida with locally higher amounts. Isolated storm total rainfalls of 15" are possible in central and South Florida. Rainfall amounts over 10" are likely as Isaac slows down immediately prior to, and after landfall, in southeast Louisiana, southern Alabama, Mississippi and the western Florida Panhandle. Isolated 20" amounts are possible. Hurricane threat index, current information, satellite imagery, watches/warnings and computer model track graphics are below. (TRACK ISAAC: Interactive hurricane tracker) View more expert analysis from Senior Meteorologist Stu Ostro at our Tropical Update article. You can find a detailed look at the Gulf Coast storm surge, wind and flooding threats by clicking on this link and you can ensure you know which friends may be in harms way through our My Friends Weather tool. (MORE: Live updates and analysis on Isaac) Policy Holders
Find The Answers You Need For Customer Service questions, please call: 800-295-8016 For payment information for all other policies including flood: click here. To make a one-time electronic payment or enroll in recurring electronic payment processing for your Homeowners or Dwelling Fire policy: click here. Before you begin, please be sure to have your policy invoice available. How UPC Insurance Can Help As your ONE source of protection that bridges the gap between success and security, UPC Insurance offers a selection of customizable products designed to protect both your property and your assets. The list below is merely an outline of our basic products, but with the assistance of your trained neighborhood independent agent for UPC Insurance, you will find the right product and the right options to meet your unique protection needs. • Homeowner Coverage
Responsive, Stable and Innovative In good times and bad, you can count on UPC's network of professional agents to deliver excellent service and stay in touch with your needs by recommending the right protection for you and your family. TYPE OF FLOOD MAP CHANGES WHAT YOU SHOULD KNOW WHAT YOU SHOULD SAY Low- or moderate-risk zone (B, C, X) changing to a high-risk zone (e.g. AE, VE) or Change in Base Flood Elevation Grandfathering Offers Savings· The National Flood Insurance Program (NFIP) has “grandfather” rules to recognize policyholders who have either built in compliance with the flood map or who maintain continuous coverage. These rules allow such policyholders to benefit in the rating for that building. · Grandfathering is available for new purchasers as well as existing customers. · Always use the new map if it will provide a more favorable premium (lower rate). · Your building has been designated in a high-risk area for flooding. · You will be required to purchase a flood policy if you carry a mortgage from a federally regulated lender. · If you don’t carry a mortgage, you should protect your home with flood insurance. National statistics show that you are 3 times more likely to have damage by a flood than by fire. · Purchasing before the map revision allows you to save on insurance. Loyal Customers Can Keep Existing Zone (Pre- & Post- FIRM) · Customers, who buy a policy before maps are adopted and maintain coverage, can retain the lower-risk zone rate. · Eligible customers can purchase a PRP now. It will renew to an X zone rated standard policy. · Have a policy: maintain continuous coverage. · A policy can be assigned to future property owner. · Buy now to save later. · Renew to stay protected and save money. Show Compliance With a Previous FIRM for Lower Costs (Post- FIRM only) · To keep existing zones when the structure was built: Get a copy of FIRM effective at time of construction or a compliance letter from community official. · To keep existing BFE when the structure was built: Get Elev. Cert, and copy of FIRM effective at time of construction; or compliance letter from the community official. · Lower cost options: show building was built in compliance at time of construction. · Makes you eligible for a lower rate, keeps costs DOWN. High-risk zone (e.g. AE, VE) changing to a low- or moderate-risk zone (X, shaded X) Conversion Offers Savings · Write a Preferred Risk Policy (PRP). · Use existing policy’s current effective date, and use closest coverage limit or next highest options if no exact match. · Submit PRP application, and insured signed conversion form. · Your risk is reduced, not removed! · Eligible for low-cost, Preferred Risk Policy · Stay protected and get money back once maps are adopted. · No gaps in coverage; no additional money up front. · 20-25% of all flood claims occur in low- or moderate-risk areas. No Change Review of Current Coverage Ensures Protection· Do they have flood insurance? · If so, is the building limit up-to-date? · Contents coverage provided and limit up-to-date? · Homeowners insurance doesn’t cover damage due to floods. · Floods happen anytime, anywhere. · Your home is a major investment—protect it.
Safety Insurance has partnered with Safe Roads Alliance and Travelers Marketing to develop the first "The Parent's Supervised Driving Guide". The guide provides detailed instruction for parents in helping them teach their teens how to drive. This guide will be provided to all operators at the time they receive their learners permit. It is distributed at all Massachusetts Registry of Motor Vehicle locations. Safety Insurance is proud to sponsor this official Guide, and hopes that it will make the driving experience a safer one for both you and your teen driver.
Protecting Personal Property UPC Insurance Protector Homeowner Program This is a preferred, high quality program that offers better than average coverage options over the "standard" and "non-standard" products sold today in the insurance marketplace. Protector Homeowners Policy (HO-3) This policy offers building, personal property, loss of use and liability coverage to the owner/occupant(s) of a dwelling that is exclusively used as a private residence. Some of the coverages available on this policy include:
Protector Homeowners Policy (HO-4) This policy offers personal property, loss of use and liability coverage to the occupant(s) of a tenant-occupied dwelling, condominium or apartment. The dwelling unit must be used for residential purposes only. Some of the coverages available on this policy include:
Protector Homeowners Policy (HO-6) This policy offers building, personal property, loss of use and liability coverage to occupant(s) of an owner-occupied condominium or cooperative unit. The dwelling unit must be for residential purposes only. Some of the coverages available on this policy include:
First came Charley. Then Frances. After that, it was Ivan, Jeanne, Dennis, Katrina, Rita and Wilma. In the span of 13 months between August 2004 and September 2005, eight major hurricanes ravaged Florida and the U.S. Gulf Coast. And right in the midst of all of it were Don Cronin and his staff at United Property & Casualty Insurance Co. “We had never dealt with a hurricane,” says Cronin, president and CEO of the St. Petersburg-based company, which generated $155 million in gross written premiums in 2009 and more than $88 million in revenue. “The company was founded in 1999, and the first hurricane we dealt with was in August 2004. The departments all had to come together. It wasn’t just on the claims side. It was finance, marketing, underwriting, all the different areas basically reaching out to help each other. Whether it was answering the phone, stuffing envelopes, delivering checks to people who had lost their properties, they did it all, and without any complaints. And we just went from one storm to the next. It was seven days a week.” As the Atlantic and Caribbean delivered blow after blow, leaving untold dollars in ruined property and untold numbers of ruined lives behind, Cronin saw a ray of hope in how his own company bonded together, embracing a culture of teamwork in an effort to serve affected customers and communities. “Insurance is a piece of paper with a lot of promises on it,” he says. “There aren’t a lot of opportunities to fulfill those promises. But eight times when we needed to, we filled those promises in a very short period.” Through the challenging times, Cronin says he learned a lot about how a company can band together to serve a greater cause than the bottom line. And it reinforced to him the importance of creating and sustaining a culture of teamwork and collaboration. It’s a culture rooted in communication from the top of the company, communication between departments and locations, and a willingness from all parties to listen as much as they talk. MIAMI (Reuters) - Tropical Storm Chris strengthened in the North Atlantic off Newfoundland on Thursday, becoming the season's first Atlantic hurricane, forecasters at the U.S. National Hurricane Center said. Chris had top winds of 75 miles per hour (120 km per hour) and was about 625 miles (1,005 km) southeast of Cape Race, Newfoundland. It posed no threat to land, forecasters said. Chris formed unusually far north for an early season hurricane, and was expected to make a slow loop before weakening over cooler waters during the weekend. Forecasters also kept watch on a low pressure area associated with a broad mass of thunderstorms in the southeastern Gulf of Mexico and northwestern Caribbean. It had a 30 percent chance of developing into a tropical depression or tropical storm in the next couple of days, the forecasters said. That system soaked southern Florida and could bring heavy rain and flooding to Mexico's Yucatan Peninsula and western Cuba, the forecasters said. It was too early to know whether the system would threaten energy interests clustered in the northern Gulf of Mexico. The Atlantic hurricane season runs from June 1 to Nov. 30, but got off to an early start this year. Tropical Storm Alberto quickly fizzled off South Carolina and Tropical Storm Beryl soaked thesoutheastern United States in May. The U.S. National Oceanic and Atmospheric Administration predicted there would be nine to 15 tropical storms in the Atlantic basin this year, with four to eight strengthening into hurricanes. (Reporting By Jane Sutton; Editing by Vicki Allen) |
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