Specialty Property Flood Aggregate Reinstatement Policy

Following a catastrophic weather event, corporate risk managers whose organizations have experienced a flood loss may find their companies facing a new exposure. With the financial limits of their existing insurance policies exhausted, they may now be responsible for additional financial losses in the event of another flood.

ACE’s Specialty Property Aggregate Reinstatement Policy addresses this need. With this policy, risk managers unable to acquire their customary policy limits at renewal have the option to buy coverage to build back or build additional high hazard flood limit for improved protection.

Benefits:

• Admitted policy
• Suitable for reinstating exhausted aggregate limits in a core program or building flood capacity back up when sub-limited
• Clear policy language
• Customized products and services for a wide range of industries and clients, from multinationals, to large U.S. companies and small businesses
• Superior service provided by solutions-oriented insurance professionals