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GL for Land Developer
Posted: Wed Apr 04, 2007 8:50 am
by WhizInsurance
Anyone know of where I can place a $1M GL policy for a land developer? I've been told to try Evanston and Nautilus. Both quotes have been in the $30k range. Does this sound normal for a land developer? The exposure is around $3M.
Thanks.
Posted: Wed Apr 04, 2007 10:58 am
by InsCat
What State is the risk in?
Posted: Wed Apr 04, 2007 10:59 am
by WildAngel
Don't know where you are located, but call this #:
SH Smith & Company
1-800-356-0168
Ask for Seth Amendola
They have some good markets & I have used them before. They seem to be cheaper than most Wholesalers on things they can write.
He can tell you what companies they can use for it. Maybe you can then contact one of the Wholesalers you work with to see if they have it.
Developer
Posted: Thu Apr 05, 2007 12:43 pm
by LadyBroker
Bigger question is.....is the land being developed for Commercial or Residential use? Your pricing you indicate in the initial posts does not seem out of line.