Orchid Launches Personal Lines Program with Icat

Orchid Underwriters Agency, Inc. in Vero Beach, Fla. has been granted exclusive access to a new residential underwriting program underwritten through icat.

The icat homeowners program is written on Lloyds paper and is rated A (Excellent) by AM Best. Standard policy forms are available, including HO3, HO5, and DP3. It is available in Mass., N.Y., N.J., Conn. and R.I.

Other policy features include:

• Total insured value limits up to $5, million per policy with the ability to write higher limits,

• Significant discounts for wind mitigation apply.

• Named storm windstorm deductibles ranging from 2 percent to 25 percent.

• Mold coverage option to $25,000; water back-up option to $25,000; extended replacement cost coverage option; blanket personal articles floater options up to $50,000; loss assessment option; and increased ordinance law coverage of 25%.

Risks can be submitted directly to Orchid through its PolicyPlus system. If the program is eligible for icat, it will automatically be quoted.