Partners Specialty Group, LLC has announced a new non-admitted online high value homeowners facility with limits in excess of $60 million. Appointed agents will be able to access the online portal and obtain quotes for the following exposures:
High Value Homeowners
- Vacant Dwellings with the ability to write tailored policy periods, i.e. three month, six month, etc.
- Risks in the name of LLCs/Corps can be addressed.
- One-to-four family dwellings held for rental
- Unprotected risks/risks prone to brush
- Risks with adverse loss history, either severity or frequency.
- High profile individuals with questionable backgrounds
Builders risk/Renovations
- $60 million in limits available
- Ability to add builders as additional insured/grant waivers of subrogation
- Stepped approach for larger/long period construction projects
- Mid-term COCs
Caribbean Risks
- Homeowners and builders risks for most islands in the Caribbean, including cat perils
- Local broker network assisting with local auto and umbrella policies, as well as tax filing
Features of the new online system include:
- Obtaining same day quotes from multiple non-admitted markets with a single submission
- Bypassing the issuance of binders, and have policies issued upon their request to bind (by state)
- Obtaining endorsements the same day as requested
Topics Mergers & Acquisitions Excess Surplus New Markets Homeowners
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