Amwins, the largest wholesale distributor of specialty insurance products and services in the United States, today announced a strategic partnership with Vivere, a managing general agent (MGA) specializing in innovative insurance solutions, to launch an exclusive California FAIR Plan Wrap product. This collaboration aims to provide comprehensive coverage solutions for California homeowners who rely on the California FAIR Plan as their primary insurance.

The California FAIR Plan, while essential for many homeowners in high-risk areas, offers limited coverage that often leaves significant gaps in protection. Amwins and Vivere’s new wrap product is designed to complement the FAIR Plan by filling these coverage voids, ensuring that policyholders have more robust and complete insurance protection.

“We are thrilled to partner with Vivere to bring this much-needed product to the California market,” said Chris Cavallaro, President of Amwins Access. “This wrap product addresses a critical need for homeowners who are dependent on the FAIR Plan and need additional coverage to fully protect their assets. Our partnership with Vivere allows us to leverage their expertise and innovative approach to deliver a solution that truly makes a difference for California residents.”

Vivere’s wrap product offers several key features that enhance the coverage provided by the California FAIR Plan, including:

– Difference in Conditions (DIC) Coverage: Provides coverage for perils not included in the FAIR Plan, such as theft, water damage, and liability.
– Higher Coverage Limits: Offers increased limits to ensure that homeowners are adequately protected against significant losses.
– Additional Living Expenses: Covers costs associated with temporary housing and other living expenses if the insured property becomes uninhabitable due to a covered loss.
– Personal Property Coverage: Extends protection to personal belongings, which may not be fully covered under the FAIR Plan.

“Vivere is committed to developing innovative insurance products that meet the evolving needs of the market,” said Vivere’s CEO. “Our partnership with Amwins is a testament to our shared vision of providing superior coverage solutions. Together, we are confident that this wrap product will offer California homeowners the peace of mind they deserve, knowing they have comprehensive protection in place.”

The California FAIR Plan Wrap product will be exclusively available through Amwins, ensuring that retail agents and brokers have access to this specialized coverage for their clients. This partnership underscores both companies’ commitment to addressing the unique challenges faced by California homeowners in today’s complex insurance landscape.