Boston-based specialty broker One80 Intermediaries has announced the expansion of its homeowners’ coverage throughout Oregon in partnership with the Oregon FAIR Plan Association (OFPA).
This new initiative, the broker explained, aims to enhance the available property insurance options for Oregon residents.
Effective immediately, One80 and its carrier partners will provide wrap-around coverage, also known as “Differences in Conditions” (DIC), which will align with the coverage limits offered by the FAIR Plan.
This enhancement will transform the limited coverage of the FAIR Plan into a true HO-3 policy, it said, offering liability, theft, water damage coverage, and other named perils. The program is available on non-admitted paper in Oregon, and retail brokers can quote, bind, and issue policies using One80’s online platform, Access One80.
The OFPA is a non-profit organization committed to making property insurance accessible to responsible applicants in Oregon who are unable to secure coverage through standard insurance markets.
Currently, the OFPA provides basic homeowners’ coverage, excluding liability, theft, and water damage.
Martin Burlingame, contract binding practice leader at One80 Intermediaries hailed the initiative and what it brings to the state.
“One80 has a proven track record of protecting California homeowners through this program,” he said. Burlingame expressed enthusiasm about extending the solution across Oregon.
Steve Steinbeck, executive director of the Oregon FAIR Plan Association, noted that many brokers have sought ways to offer clients more comprehensive coverage to protect their homes.
“We are happy to partner with One80, which provides a network of insurance solutions, including a DIC offering through Hamilton Insurance DAC,” Steinbeck said.
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