Great American and PAK Programs launch winery property solution

Great American Insurance Group’s Alternative Markets Division and PAK Programs have launched a Difference in Conditions property insurance solution for eligible California wineries.

The policy is designed to complement California FAIR Plan coverage and other limited property policies by addressing potential gaps involving water damage, wine leakage, tank collapse, wine contamination and equipment breakdown.

Wineries purchasing the coverage may also qualify for commercial property, liability and auto insurance from Great American for related operations, including vineyards, warehouses, tasting rooms, production facilities and hospitality spaces.

“Wineries can experience losses due to water damage, wine leakage, tank collapse, wine contamination, equipment breakdown and other causes of loss not typically covered under limited fire policies. This DIC policy is designed to complement FAIR Plan coverage and may help address these types of exposures, subject to policy terms, conditions, limits, exclusions, and underwriting eligibility.” – Jennifer Burnham, divisional vice president of Great American Alternative Markets.