Commercial Property Coverage and Inland Marine Coverage with coverage extension and features, including
- Property Enhancement Endorsement
- COMPAC endorsement
- Ordinance or Law
- Equipment Breakdown
- Extended Period of Indemnity
- Sewer Back Up
We offer combined property and inland marine forms for specialized insureds. Examples might include
- Contractors with both premises and equipment exposure
- Builders or general contractors looking to cover an existing building and a new renovation project
- CAT perils: $10,000,000 or more, depending on the risk
- All other perils: $25,000,000 or more, depending on the risk
- Larger limits are available on a case-by-case basis, depending on the risk
Deductibles
- Minimum all other perils deductible for All Risk Property: $5,000
- Minimum deductible for Windstorm/Hail: 1%, 2% to 5% values at risk at the time of loss, depending on the location of the risk
- Minimum deductible for Earthquake: 1% to 5% per unit subject to $25,000 minimum, depending on exposure
- Minimum deductible for Flood: $50,000 minimum with limits not exceeding $1,000,000 per occurrence
A comprehensive cover letter including:
- Description of the risk and its operations including exposure and loss control information applicable
- Expiring information including carrier, limit, deductible, target premium and renewal status
- Desired Limit
Attachments to the cover letter should include:
- Currently valued hard copy loss summary (preferably five years)
- Schedule of values with pertinent COPE info in an Excel format
- Signed ACORD application with a complete list of all named insureds, their mailing addresses for clearance purposes and effective dates
- Applicable supplemental application
