ICW Group Makes Available New DIC Program

ICW Group (www.icwgroup.com) announced a new program offering for homeowner's associations and multi-family condos that provides expanded coverage for buildings of wood frame construction built after 1975. The new DIC Program is exclusively being offered through ICW Group's member companies and is currently not available from other carriers.

"As first to market with this enhanced program, we recognized the need to provide our wholesale broker partners with an opportunity to better serve their Condo/HOA clients," said Kim Anthony, assistant vice president of DIC. "With this specialized program, their clients can now secure more comprehensive protection."

The enhanced Condo/HOA program expands building definitions to include foundations, ground floor and subterranean parking, unit-owners' permanent fixtures, and coverage for maintenance fees and association dues up to the requested limit. The program also provides automatic coverage for underground utilities, electronic and computer equipment, valuable papers and records, architectural and engineering costs, and additional security. Optional coverages are available for additional property and appurtenant structures, such as fences, gates, and pools.

ICW Group has a capacity of up to $20 million in California Zone B and $30 million in all other areas and is an admitted carrier in 50 states. ICW Group will consider deductibles of 5% in California and as low as 2% in all other states based on the risk characteristics. ICW Group provides the DIC market with flexible program options ensuring superior coverage.

ICW Group Enhances Florida Condo Market Coverage

ICW Group, a group of insurers, enhanced its Commercial Property insurance to provide expanded coverage to the Florida condo market. ICW Group will now consider condos of up to 25 years of age and has lowered their minimum account size to $5,000 annually.

Reaching out to underserved markets with enhanced programs provide ICW Group's agent and broker partners with more coverage options for their clients. The changes in ICW Group provide flexible options in coverage terms through an admitted market while providing superior service to our clients," said Louis Giolzetti, home office underwriting manager.

Through its admitted carriers, ICW Group's Commercial Property line provides broad coverage terms such as $1 million in EQSL, building ordinance B&C and optional Systems Breakdown on an X-Wind basis. Eligible condo properties include those already in the State Wind Pool and without EFIS construction.

For more information on ICW Group's Commercial Property products, contact Giolzetti, at 858.350.2533 or lgiolzetti@icwgroup.com.