In response to NFIP rate increase and recent private flood legislation, HK has established a Lloyd's market specifically targeting condominiums.
It provides a primary $5m limit for condos with a TIV of up to $50m and utilises a NFIP compliant wording that is acceptable to both condo associations and banks.
For more information contact Paul Seymour at pseymour@hknal.com and Paul Lowry at plowry@hknal.com.