Does anyone have a market that they are submitting apartment buildings that are well-maintained with pro-active management to, other than with a surplus lines company for the state of Washinton. I'm hoping that somebody in the standard market is willing to write this type of business either as a package policy or as a BOP. Any informtion would be great. Please help!!
Thanks,
Aaron
Standard Market For Apartments?
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Tip: If you are posting a market request, include the state abbreviation in your post title to get better responses.
Tip: If you are posting a market request, include the state abbreviation in your post title to get better responses.
There still are a few markets writing them standard, but they are declining by the day..... looks like the standard carrier pricing structure is too low.... so the E&S market comes to the rescue.... E&S does not mean "sub-standard" but provides a solution with their flexibility. The last few standard markets I have heard doing any apartments are: Erie, Mitsui Sumitomo and Auto Owners.
Good luck, contact me if you need an E&S market for them... I might even have a market that will write it on admitted paper.
Ken
Good luck, contact me if you need an E&S market for them... I might even have a market that will write it on admitted paper.
Ken
We have several non-admitted markets for this class. If you decide to go that route, contact me via email: mhitt@ipsico.com.
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We all long for the days when apts. were a desirable class.
Not many players these days. Have seen the following carriers writing this class:
Auto Owners; Cincinnati, State Farm, Nationwide, Grange Mutual.
Have no idea if any are still accepting this business. E&S probably your best bet. Good luck. Please let the rest of us know if you are able to place standard market.
Not many players these days. Have seen the following carriers writing this class:
Auto Owners; Cincinnati, State Farm, Nationwide, Grange Mutual.
Have no idea if any are still accepting this business. E&S probably your best bet. Good luck. Please let the rest of us know if you are able to place standard market.