One80 expands homeowners’ coverage to Oregon

Specialty insurance broker One80 Intermediaries, in partnership with the Oregon FAIR Plan Association, has announced the expansion of its homeowners’ coverage throughout the state of Oregon, US.

Effective immediately, One80 and its carrier partners will be offering wrap-around coverage – also known as Differences in Conditions or DIC – which will match the coverage limits offered by the FAIR Plan, ultimately creating a true HO-3 policy.

From what we understand, this will round out the limited coverage offered by the FAIR Plan by providing liability, theft, water damage coverage and several other named perils.

It has been confirmed that the program is available on non-admitted paper in the state of Oregon.

For those who are not aware, the Oregon FAIR Plan Association (OFPA) is a non-profit association that is dedicated to making property insurance available to responsible applicants across Oregon when they are unable to secure coverage through normal insurance markets.

Currently, the OFPA offers basic homeowners’ coverage which excludes liability, theft and water damage.

Martin Burlingame, Contract Binding Practice Leader, One80 Intermediaries, commented: “One80 has a proven track record of protecting California homeowners through this program. We are thrilled to extend the solution across the state of Oregon.”

Steve Steinbeck, Executive Director, Oregon FAIR Plan Association, said: “Many of our brokers have been asking for ways to provide clients with more significant coverage to protect their homes. We are happy to partner with One80, which provides a network of insurance solutions, including a DIC offering through Hamilton Insurance DAC.”

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