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Storm Tracker - Hurricane Insurance
When a storm strikes, coastal businesses can suffer significant hurricane related losses that may not be covered by conventional property policies. ACE Storm Tracker sm hurricane insurance is an innovative, cost effective way to address such scenarios and provide a level of financial security. ACE Storm Tracker sm is designed to respond whether there is property damage or not, based upon the proximity and strength of the hurricane.
Benefits: Up to $10 million in limits per location on an aggregate basis Coverage provided within fifty miles of Hurricane Eye Aggregate coverage limit available for multiple storms during coverage period Property damage not required for business interruption protection Simple and efficient claims processing
Coverage Highlights:
Business Interruption Extra Expense Property Damage No Deductible
Program Parameters:
Payment under the policy is the lesser of actual loss of: 5% of the aggregate limit - Cataogory 1 hurricane 10% of the aggregate limit - Catagory 2 hurricane 15% of the aggregate limit - Catagory 3 hurricane 50% of the aggregate limit - Catagory 4 hurricane 100% of the aggregate limit - Catagory 5 hurricane
ACE StormTracker FAQ
ApplicationStormTracker806.doc
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Submissions@newmarketsagency.com 55 Haddonfield Rd. Suite 210 Cherry Hill, NJ 08002 Phone toll free: 800 633 3390 Fax: 856 755 6011
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