Palomar Specialty Insurance Company (“Palomar”) has expanded the launch of its state of the art online rating platform, Palomar Automated Submission System (“PASS”), for Residential Earthquake business in several new states. These states include: Washington, Oregon, Oklahoma, Utah and Kentucky with more states to follow. “PASS” provides Palomar’s agents and brokers with full access to Palomar’s Residential Earthquake product offerings and allows them to rate, quote and issue policies online in a matter of minutes.
PASS was initially introduced in California for Residential Earthquake and Hawaii for Residential Hurricane business earlier this year and has been applauded by agents and brokers for its ease of use and flexibility. This has led to an increase in production for many of Palomar’s distribution partners.
“Palomar’s PASS online quote-to-issue platform is unbelievably fast and simple to use. Our Agency represents several insurance companies and products and Palomar’s Earthquake program is, by far, the easiest and quickest one to provide a quote and issue the policy. It literally takes only 2 minutes to quote, issue and have the declaration page in hand”, said Danny Escobedo, Personal Lines Manager for Fuller Insurance in Chino Hills, California.
Palomar Specialty Insurance Company (www.PalomarSpecialty.com) is a catastrophe insurer that focuses on earthquake, hurricane and wind-exposed multi-peril homeowners business in catastrophe-exposed states including California, Oregon, Washington, Texas and Hawaii. The company is an admitted carrier in 17 states. Palomar has an A.M. Best financial strength rating of “A-” (Excellent).