Leave your comments here on hard to place accounts.
Moderators: Josh , independent guy
Forum rules
INTLXS
Insurance Journal Addict
Posts: 154 Joined: Tue Oct 15, 2002 6:25 am
Post
by INTLXS Fri Nov 03, 2006 10:57 am
Who is writing OCP for a high value residential home being built in CA?
simiinsuranceguy
Insurance Journal Addict
Posts: 44 Joined: Mon Apr 03, 2006 10:44 am
Post
by simiinsuranceguy Fri Nov 03, 2006 12:10 pm
Try James River Insurance. I access them through my local Swett and Crawford office. Just wrote an OCP for 3 SFD's with a $7,500 premium.
DEG
Insurance Journal Fan
Posts: 3 Joined: Thu Jan 05, 2006 1:43 pm
Post
by DEG Fri Nov 03, 2006 12:54 pm
Try Penn-Star Insurance co. Access them via Bliss & Glennon, Morgan Hill.
LadyBroker
Insurance Journal Addict
Posts: 366 Joined: Fri Oct 13, 2006 9:10 pmLocation: Southern California
Post
by LadyBroker Fri Nov 03, 2006 8:57 pm
It's more important to make certain the General on the job has the proper coverage for the home being built, especially the completed ops. An OCP policy just picks up the premises in the event of injury...it's not a construction policy.
"It's a typical day, on the road to Utopia.."
INTLXS
Insurance Journal Addict
Posts: 154 Joined: Tue Oct 15, 2002 6:25 am
Post
by INTLXS Mon Nov 06, 2006 11:46 am
Thanks simiinsuranceguy! Just picked up JR and didn't know if they could do it. They did and it provided the perfect solution.
INTLXS
Insurance Journal Addict
Posts: 154 Joined: Tue Oct 15, 2002 6:25 am
Post
by INTLXS Mon Nov 06, 2006 11:52 am
I take that back..... they declined it since the insured is both the owner of the property and is acting as the GC. Any other ideas?
LadyBroker
Insurance Journal Addict
Posts: 366 Joined: Fri Oct 13, 2006 9:10 pmLocation: Southern California
Post
by LadyBroker Mon Nov 06, 2006 4:59 pm
The client needs to spend the money and hire a GC. Typically they will get a better rate on their loan, too.
"It's a typical day, on the road to Utopia.."
