Lexington Insurance Co., an AIU Holdings company, has introduced LexPILOT, an integrated all-risk coverage for property and marine cargo. LexPILOT, which stands for Property Income Loss Ocean Transit, is designed for manufacturers, retailers and distribution companies seeking coverage for their facilities as well as their international shipments.
Up to $1.5 billion is available per occurrence for fixed property exposures with coverage available for earthquake and flood. Up to $50 million is available per transit for marine cargo exposures, inclusive of inland freight on both sides of air or vessel ocean transport. Insureds shipping goods under commercial letters of credit will have access to online and on-demand certificate issuance.
More information is available by contacting Senior Vice President Liz Carmody at 617-772-4597, liz.carmody@aiuholdings.com, or online at www.aiuholdings.com.
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