Markel American Insurance Company Announces Introduction of Renter's Protection Insurance

WAUKESHA, Wis., June 26, 2008 /PRNewswire via COMTEX/ -- MKL | Quote | Chart | News | PowerRating -- Markel American Insurance Company announced today the introduction of its new Renter's Protection insurance program.

The program provides tenant homeowner's coverage on a broader form than the standard HO-4 renter's policy and provides many options to increase coverage as well as the limits within the policy. It is designed to meet the needs of tenants in rental complexes in a unique way by providing options not commonly available.

Program highlights include the following options:

-- Flood Coverage

-- Earthquake Coverage

-- Multiple levels of endorsements to increase limits for items such as jewelry, electronics and tools

-- Scheduled Personal Property Coverage

-- The ability for properties that meet specific criteria to receive discounts

"This program is the premier offering for renter's insurance coverage," said Timberlee Tamraz Grove, President and COO of Markel American Insurance Company. "In developing this program, we built in options that can't be found anywhere else."

The program is currently offered nationwide through Leasing Desk, the leading national provider of easy-to-implement customized, risk transfer solutions for the multi-housing industry. As Dirk Wakeham, President and CEO of Leasing Desk said, "This furthers our strategy of providing our apartment owner clients multiple A-rated insurance companies and demonstrates that we are capable of helping them fulfill their desire to mandate insurance coverage for all residents."

A subsidiary of the Markel Corporation, Markel American Insurance Company specializes in the lines of Powersport Products, Specialty Marine, Preferred Yacht and Small Boat, and Specialty Property. For more information on our products, please visit www.markelamerican.com.

The Richmond, VA-based Markel Corporation markets and underwrites specialty insurance products and programs to a variety of niche markets. In each of these markets, the company strives to provide quality products and excellent customer service. For more information, please visit www.markelcorp.com.

SOURCE Markel American Insurance Company

http://www.markelcorp.com

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