NEWS AND INSIGHTS

Information for policyholders and agents

OPEN FOR BUSINESS IN GEORGIA AND NORTH CAROLINA … WITH NEW, NON-RESIDENTIAL COVERAGE OPTIONS

AmCap Insurance is excited to announce our expansion into the great states of Georgia and North Carolina with new, non-residential commercial property classes of business across most of our footprint.

Concurrent with our expansion into Georgia and North Carolina, AmCap Insurance now offers non-residential options beyond Florida. We are writing property coverage for non-residential properties in South Carolina and Texas, with effective dates beginning December 1, 2020. The non-residential program is expected to be available in Louisiana during the first half of 2021.

Who is Eligible?

The coverage enhancements and new property program for non-residential risks open up significant opportunities for our agency partners and their insureds. Some of the eligible classes include nursing homes, business class or resort hotels, houses of worship, mercantile buildings, rehab centers, offices, strip malls, shopping centers, retail stores, flex space buildings, and light industrial properties. Now, our agency partners can offer the sound risk management practices, best-in-class service, in-house claims staff and financial strength of AmCap Insurance for more than just commercial property residential risks.

What is Covered?

Standard coverages include:

  • Condominium Association Fees - including extra expense coverage
  • Emergency Patient Evacuation Expenses
  • Property Enhancement Form which provides over 15 coverage additions

Optional coverages include:

  • Business Income
  • Ordinance or Law
  • Earthquake
  • “Fungus”, Wet Rot, and Bacteria
  • Sewer Backup
  • Wind Driven Precipitation
  • Spoilage
  • Fine Arts
  • Equipment Breakdown
  • Utility Services
  • Scheduled Outdoor Property.

Ready to Learn More?

These new offerings have their own class and underwriting eligibilities, submission requirements, options, clearances and AOR conditions. Have an account you would like for us to review? Send those directly to our underwriting team at submissions@amcapins.com. For details, sales questions, and to obtain a video recording of our recent Webinars explaining these newly launched states and programs, please contact your AmCap Insurance Territory Sales Manager.





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