Palomar Specialty Launches New Earthquake Product in Missouri

Palomar Specialty Insurance Co. has launched a new residential earthquake insurance product called Flex Choice for residents of Missouri.

Flex Choice allows consumers to customize their residential earthquake coverage to meet their specific needs through a variety of 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 quote-to-issue process.

Palomar Specialty plans to expand Flex Choice into other states in the New Madrid Region in the coming months.

Palomar Specialty Insurance Company is a specialty insurer focused on catastrophe-exposed residential and commercial property lines of business. Palomar’s catastrophe insurance products include 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.