Palomar Specialty Insurance is expanding its residential earthquake insurance product, Flex Choice, into more states.

The insurer is now offering the product in Arkansas, Tennessee, Kentucky, Illinois, Indiana, and Utah.

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Flex Choice is a product that allows consumers to secure earth coverage specific to their individual needs. It offers a variety of coverage alternatives and deductible options for homeowners.

The earthquake insurance product is distributed through independent agents and wholesale brokers with access to the Palomar Automated Submission System (PASS), a release said.

“Palomar is committed to bringing innovative catastrophe insurance products to all markets where perils exist and there is a need,” said Palomar president and chairman Mac Armstrong.  “Flex Choice is the latest example of such innovation; it allows agents to offer unprecedented bespoke coverage options to their customers via an intuitive and streamlined platform.”

In March, Palomar Specialty Insurance partnered with California-based Prospect General Insurance to provide a flood coverage product marketed as an “affordable” alternative to the National Flood Insurance Program (NFIP).

The flood insurance product includes dwelling coverage up to $5 million and personal property coverage up to $1 million.


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