Commercial Parametric Property Insurance
Summary
Hurricane Program Highlights
Earthquake Program Highlights
Learn More
Claims
Summary
Administered through our program administrator partner, New Paradigm Underwriters, Fair American Select Insurance Company (FASIC), provides two commercial parametric products: Commercial Parametric Hurricane Insurance and Commercial Parametric Earthquake Insurance
Hurricane Program Highlights
- Non-admitted
- Primary Limits up to $10,000,000
- No deductibles
- Easy and quick claim handling process – we just require an affidavit stating economic damages and payment is made in days, not years
- Parametric trigger calculated by independent 3rd party calculation agent
- Multiple parametric triggers: wind speed as measured by an anemometer, cat-in-a-circle
Earthquake Program Highlights
- Non-admitted
- Primary Limits up to $5,000,000
- No deductibles
- Easy and quick claim handling process – we just require an affidavit stating economic damages and payment is made in days, not years
- Parametric trigger calculated by independent 3rd party calculation agend
- Parametric trigger is based on peak-ground-acceleration
Learn More
To learn more about FASIC’s Commerical Parametric Property programs, contact New Paradigm, our Program Administrator, or use the form below to send a message to FASIC.
Gloria Hendrickson
Fair American Select Insurance Company
Claims
Please complete the form to report a claim for the Parametric program.
For additional assisstance, please contact Fair American Claims at:
