Commercial DIC/Earthquake

Palomar’s admitted, commercial Differences In Conditions (DIC) product provides earthquake, EQSL and flood coverages via a flexible solution designed to meet the needs of commercial property owners. Earthquake is available on a standalone basis.

Commercial DIC

Available in: AK, AR, AZ, CA, IL, IN, KS, KY, MO, NV, OK, OR, TN, UT, WA

Capacity

• CA: $20mm limit | Max TIV $20mm
• All other: $25mm limit | Unlimited TIV

Coverage Highlights

• Acceptable coverages: earthquake, EQSL, flood (outside zones A and V)
• Minimum premiums will vary by state
• Deductibles vary by state; as low as 2%
• Fees vary by state
• Policy term: 12 months | 24 months for COC risks

Target Occupancies

• Apartments/Condos
• Nursing Homes
• Mercantile/Shopping Centers
• Offices/Professional Buildings
• Hotel/Motel
• Lessors Risk
• Light Manufacturing; Assembly Only
• Course of Construction

Restricted Classes and Risk Characteristics

• BI exposure over 40% of TIV
• Highly damageable contents over 10% of TIV
• Tuck-under or soft story parking
• Poor soil conditions (very high liquefaction, bay mud/soft soil)
• Unreinforced masonry
• Frame construction older than 1956
• All other construction older than 1975 (may consider older with proof of retrofitting)

Required Information

• Original year built
• Construction type
• Occupancy
• Building height / number of stories
• Parking type
• Square footage
• TIV breakdown