What Is Palomar Specialty Insurance?
Overview
Palomar Specialty Insurance is a California-based company that provides residential and commercial property insurance solutions. The company offers homeowners, commercial property, and earthquake insurance. It uses advanced technology and modeling tools to provide accurate risk assessments and offer customized coverage options for each client.
One of the unique aspects of Palomar Specialty Insurance is its focus on underserved markets. The company provides insurance solutions for properties that are typically difficult to insure, such as high-value homes and properties in areas with high wildfire risk.
Palomar Specialty Insurance Pricing
The cost of Palomar Holdings products and services may differ depending on the type of insurance. Please click Get A Quote for a customized pricing plan.
Who Is Palomar Specialty Insurance For?
Palomar caters to sectors such as real estate, property management, hospitality, commercial and residential construction, renewable energy, and others with catastrophe-exposed properties.
Palomar Specialty Insurance Services
Earthquake Insurance
Palomar Insurance Company provides coverage against property damage and losses resulting from earthquakes. This includes structural damage, foundation issues, and personal property losses. By offering tailored earthquake insurance, Palomar ensures that individuals and businesses can safeguard their assets and recover quickly in the aftermath of seismic events.
Flood Insurance
This insurance protects property owners against damage caused by flooding, which is often excluded from standard property insurance policies. This coverage helps mitigate the devastating financial consequences of flood-related losses, including damage to structures, personal belongings, and potential business interruption.
General Casualty Insurance
The company provides general casualty insurance to address liability risks faced by businesses. This coverage protects against bodily injury, property damage, and personal injury claims. Palomar enables businesses to navigate potential lawsuits and costly legal expenses, ensuring financial security and peace of mind.
Inland Marine Insurance
Palomar provides coverage for property in transit or specialized equipment typically not covered under traditional property policies. This coverage is especially valuable for businesses that frequently transport goods or possess specialized equipment, such as contractors, equipment rental companies, and logistics providers.
Hurricane Insurance
This insurance specifically addresses the unique risks associated with hurricanes, including wind damage, storm surge, and related perils. Palomar protects property owners against devastating losses caused by hurricanes, ensuring swift recovery and the ability to rebuild damaged structures.
Is Palomar Specialty Insurance Right For You?
By focusing on challenging risks often overlooked by traditional insurers, Palomar fills a crucial gap in the insurance market, offering reliable solutions that mitigate the financial impact of natural disasters, severe weather events, and other potential risks. Its comprehensive policies allow individuals and businesses to reduce risks and recover swiftly in the face of adversity.
Still not sure if Palomar Specialty Insurance Company is right for you? Contact our customer support team at (661) 384-7070, who will help you make the best decision.
