Calif. coverage for sgl family homes held in a SEP IRA
Posted on 06/15/2012
I have a client with approx 15 sgl family homes that are held and recorded in his SEP IRA. Need to find someone that will insure this risk! Please contact me at email@example.com
Personal Lines Department Manager- Homeowners/Dwelling Fire Posts: 14
Posted on 06/19/2012
Anderson & Murison can consider dwelling fire coverage with our non-admited carriers on risks that are titled to LLCs., Corps, Trusts, LP and IRAs.
Please feel free to contact me to discuss our programs or you can send over the completed Acord dwelling fire applications for quote considerations.
Our office has a direct relationship with a carrier who will write all of these properties on one policy. We current write several investment groups who are actively purchasing forecosures, short sale opportunities and bank owned dwellings.
We can write up 1000 dwellings under one policy and can issue the policies in and LLC, Corporation, Partnership, IRA , Trust, Foundation or whatever entity holds title.
We can name several entities as the named insured so long as the same principal owns or controls the property. If a property manager handles everything, we can write the policy in the Property Management Co. name and internally name the owners as named insured for each location they have ownership in.
The coverage is excellent, carrier is admitted, can write $1,000,000 liability, per location (except if the property has a swimming pool and it is a rental)
Their program has a maximum property insurance coverage per location of $1,000,000. Vacancy is no issue. Flips are no problem. Direct Billing and 12% commission.
Let me know if this opportunity appeals to you or go ahead and send us your agency prepared submission and we will get it quoted and placed.