Coventry Insurance Services and KnightBrook Insurance Co. have teamed up to offer the Coventry Shield Valuable Personal Articles Coverage, an “all-risk” coverage policy for valuables that are not covered adequately or at all under typical homeowners’ policies: fine jewelry, silverware, fine art, furs, cameras, golf and other valuable sports equipment, musical instruments and other types of property with special value or qualities.
Coventry Shield coverage will be available only to Florida Association of Insurance Agents members through FAIA’s in-house general agency, FAIA Member Services, starting February 15, 2013.
“FAIA’s membership consists of more than 2,000 independent insurance agencies throughout the state,” said Joel Crisalli, chief marketing officer of Coventry, “With reach like that, I can’t think of a better channel through which to distribute this important and in-demand product to Florida’s insurance consumers.”
Coventry Shield offers coverage on a scheduled inland marine basis for the Valuable Personal Articles that are often not covered under typical homeowners’ policies. Over the last decade such insurance has been unavailable to an increasing number of homeowners whose policies provide narrowly restricted coverage for items that hold specific economic or sentimental value. FAIA member agents will now be able to issue Coventry’s world-wide coverage through highly sophisticated, web-based systems offering instant underwriting and issuance, and a number of payment plans and options including electronic funds transfer (EFT), credit card, and E-Check, on a one-time or recurring monthly basis.
Coventry Insurance Services, LLC is a newly formed company and brand created for the Coventry Shield product. It is a subsidiary of Celestite Holdings, LLC which is based in the Dallas suburb of Irving, TX and owned by insurance industry veteran Richard Asprey.
KnightBrook Insurance Company—rated A- (Excellent) by A.M. Best and Co.—is a specialty insurance underwriter that focuses on niche business insurance.
FAIA is a nonprofit state trade association of insurance agencies affiliated with the Independent Insurance Agents and Brokers of America, Inc., and 18 local boards throughout Florida. The association serves as a central source of information for more than 2,000 member agencies.
For additional information about Coventry Shield please contact:
Joel R. Crisalli, CPCU
Coventry Insurance Services, LLC
For information about FAIA Member Services, Inc., please contact:
Mr. Dave Burt
Florida Association of Insurance Agents
(850) 893-4155 ext. 353Tweet