Posted on 02 Apr 08
Storefront owner NSM Insurance Group has partnered with several providers of wind damage insurance for its Express Hotel Program. The Express Hotel Program is targeted to limited service hotels located in hurricane exposed regions of the U.S. from Texas, through the Gulf States including Florida, and north to Massachusetts along the Atlantic coastal states. "For Limited Service Hotels exposed to hurricane forces, wind is a critical piece of the insurance puzzle", said Michael Egan, director of Property Programs for the Conshohocken, Pa.-based firm. "Now we can bundle comprehensive property and casualty coverage with the leading providers of catastrophic loss insurance in the industry". Express Hotel The Express Hotel Program has specialized in franchised and non-franchised Hotels and Motels. We offer a portfolio of exclusive products designed for hotels and motels including resort properties. Program Features: Top Rated Carriers Standard ISO forms Replacement Cost or ACV Competitive Rates Standard Accord Applications Available Mono-Line Property Coverages: TIV to $10,000,000 All Construction Acceptable No Wind coverage in Tier 1 Counties Minimum deductible of $1,000- Higher Available Agreed Amount Available Optional Coverages: Protection Plan- For a flat premium of $250- which includes: Ordinance & Law Signage Innkeepers Legal Liability Robbery & Safe Burglary “Form Q Only” Liability Features: Assault and Battery Coverage Included Limits: $1Mil/$2Mil Both Franchised and Non-franchised okay Timeshares and “Condotels” acceptable Maximum of 6 stories Hired & Non-owned auto and employee benefits liability optional Large, Medium and Small Properties No Audits For more information, visit their storefront at www.programbusiness.com.
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