LA JOLLA, Calif., Aug. 16, 2016 /PRNewswire/ -- Palomar Specialty Insurance Company today announced the launch of its unique Flex Choice residential earthquake insurance product in the state of Missouri.
Flex Choice is an exciting new product that allows consumers to customize their residential earthquake coverage to meet their specific needs. Flex Choice offers a variety of flexible coverage alternatives and deductible options for Missouri homeowners.
Flex Choice is distributed through independent agents and wholesale brokers who can access the product via the Palomar Automated Submission System, PASS, which offers producers a quick and efficient quote-to-issue process that can be completed within minutes.
"Palomar is committed to bringing innovative catastrophe insurance products to the market," offered Palomar President and Chairman Mac Armstrong. "Flex Choice is the latest example of such innovation; it allows agents to offer unprecedented coverage options to their customers via an intuitive and streamlined platform."
"Flex Choice has been a differentiator for our agency and is the go-to option for our clients' residential earthquake needs in Missouri," commented Sue Hendrix, agency principal from The Insurance Store in Chesterfield, Mo. "The coverage is great, the system is very easy to use and the rates are fantastic. Flex Choice is the residential earthquake solution Missouri agencies have been waiting for."
Palomar Specialty also plans to expand Flex Choice into other states in the New Madrid Region in the coming months.
About Palomar Specialty Insurance Company
Palomar Specialty Insurance Company (www.PalomarSpecialty.com) is a leading specialty insurer that focuses on catastrophe-exposed residential and commercial property lines of business. Palomar's underwriting and analytical acumen allow it to concentrate on catastrophe insurance products including residential and commercial earthquake, multi-peril homeowners, residential hurricane and commercial business written on an "all risks" basis in select hurricane exposed states. Based in La Jolla, California, the company is an admitted carrier in 23 states. Palomar Specialty has an A.M. Best financial strength rating of "A-" (Excellent).
Contact: Chris Tofalli
Chris Tofalli Public Relations, LLC
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/palomar-specialty-insurance-introduces-flex-choice-residential-earthquake-product-in-missouri-300313941.html
SOURCE Palomar Specialty Insurance Company