ACE USA introduces ACE Supplemental Property

ACE USA introduced ACE Supplemental Property, a specialty product developed for property insurance customers to provide additional coverage for expenses and losses that can occur as the result of an insured property loss.

Key features include:o Additional coverage to traditional property insurance program to cover costs associated with collateral damages o Can be used to lessen impact of insured’s deductible structure and provides additional limit where needed by the insured o Provides more flexibility for replacement of damaged property to apply additional funds for purposes of equipment or other relevant upgrades o Streamlined and efficient claims-handling approach based on initial claims adjustment process

This policy endorsement can be added to a customer’s existing traditional property program and applied to businesses of all types, subject to a maximum capacity of ten percent of loss and $25 million on a per occurrence and annual aggregate basis. Issued as a stand-alone policy or by endorsement, this coverage is available and underwritten through ACE USA’s Global Property unit, part of ACE’s Global Underwriting Group.