Umbrella Facility for Franchised, Limited-Service Hotels & Motels

Offered by Sangamon Associates

Hotels Franchise Hotels Hotel Umbrella Hospitality

Description

Backed by an "A" rated, Admitted, Size XV carrier (exclusive to our facility). We offer $5M ($1,500 minimum) and $10M ($2,500 minimum) limit options.

Website is www.hotelexcess.com

We have been successfully placing standalone hotel umbrellas for over a decade. We've insured thousands of properties in that span. We only work via retail agents - we do no place any umbrellas directly. 10% commission to the retail agent.

Great coverage and low minimum premiums. This is not a Risk Purchasing Group. We don't charge any fees. We issue individual policies with individual limits. No group policies or shared limits. And, we offer superior service - including quotes typically issued within a day and policies issued within one day of receipt of the binding information.

Agency bill. Exterior entry hotels/motels are okay. Manager cocktail parties are okay. Bars are limited - subject to review. We cannot write any hotel/motel that offers extended stay. Nor can we cover any property that offers a passenger shuttle.

We have a simple 2-page sub-producer agreement to start. Need last 3 years' worth of recently valued GL loss runs. We cannot quote any hotel with a GL loss (incurred) of $50K or more in the last 3 years. Underlying carrier must be A-, VII or better.

Details

$10M Maximum Limit

$5M Minimum Limit

Appointment Required

Carrier Information

Admitted, Exclusive

Admitted

Rating A

Rating By AM Best

Listing Contact

Bill Cleave Managing Member

Offered By

Sangamon Associates

2 listings in 46 states

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Availability 46 states

Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming

Covered

Not Covered

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