Wrap Around Insurance
What os Wrap Insurance for
Homeowners? -Wrap policy, also known as Wrap Around
Insurance Policy, Difference in Condition, and a few more.
Not all homes are built equally. In many
instances, a property is too old, or located in a brush area
which makes it inelligible for regular homeowner insurance
policy through most insurance companies.
Other factors contributing could be the type of roof, or
generally any factor that makes insurance companies to walk
away from the given property.
When insurance companies reject writing a regular HO3
homeowner policy for a given property, the agent will look
for alternatives which would most likely include California
Fair Plan policy; Fair Plan policies can cover
the property against Fire, Vandalism, and Lightening.
Fair Plan also has options to cover personal belongings
in case of fire and vandalism, but not theft.
What does Wrap Around
Policy Cover? - While the Fair Plan policy covers
against fire and vandalism, it does not cover for Liability,
Theft, Water damage, and many other coverages included in
regular homeowners insurance policy. This is where
Wrap Around Insurance policy comes into play.
Wrap Around Insurance policy covers most, if not all, of
the coverages, except those associated with Fire and smoke.
To get more details and a quote for Wrap Around policy,
contact us at: 1-800-707-4690
GET A QUOTE: Call Toll Free (800) 707-4690