Horticultural Asset Management Partners with Bollinger Insurance
Doug Cowles, president and COO of Horticultural Asset Management, Inc. (HMI), recently announced that his firm is partnering with Bollinger Insurance to offer enhanced landscape coverage to their clients. Bollinger will utilize HMI’s replacement valuations to help establish appropriate sub-limit or aggregate limits of coverage, based on an individual property owner’s requirements. Bollinger’s clients will also have access to HMI’s field assessor network for remediation and risk management services, such as the installation of lightning protection, tree removal and cabling.
HMI’s scientific assessment process, the Horticultural Scientific Standard (HS²™), provides property owners with a detailed breakdown of the replacement valuations for each tree or shrub on a property. The replacement values are included in HMI’s Horticultural Assessment. The assessment also includes full color photographs and detailed care instructions and plant descriptions authored by renowned horticulturist Dr. Michael Dirr.
“Most property owners have no idea what their trees are worth or what it would cost to replace them,” said Cowles. “Many are shocked to learn that replacing a mature tree can cost $20,000, $40,000 or much more.”
“Property owners lose millions of dollars worth of valuable landscape assets to fires, wind, lightning and other perils each year,” said Rhonda Graber, senior executive vice president of Bollinger, Inc. “In a continuing effort to provide our customers with valuable insurance solutions, Bollinger is now offering coverage options, which more closely match the actual replacement cost values of trees and shrubs. These coverage options will allow property owners to recover quickly should they lose a covered plant.”
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