Condo HO6 & DP3 Home, Liability & Short Term Rental

Offered by London Underwriters, LLC

Homeowners Property Liability Wind Dwelling HO6 DP3 Trusts Short-term Rental Medical Expenses

Description

Lloyd's Program – AL, FL, TX, CA & MI

Coverage Forms available
• Property, Liability and Medical Expense available on one Policy

Property
• Wind coverage IS available under separate Policy Form. AL, FL & TX
• Perils of Wind/Hail are INCLUDED in the states of CA & MI
• Flood, and Earthquake are EXCLUDED in all states
• Max TIV at a single location not to $5M -Max TIV at all locations $20M
• $1,000 Deductible for risks under $ 1M TIV
• $2,500 Deductible for all risks over $ 1M TIV
• Deductible Buy Back option is available

ConstructionTypes & Occupancies
• Masonry, Superior, Fire Resistive, Masonry Non Combustibleare ACCEPTABLE
• Dwellings under construction are UNACCEPTABLE, (Builders Risk Forms are available)
• Manufactured/Mobile Homes are UNACCEPTABLE
• Single Dwelling, Duplex, Triplex, & Four-Plex. Are ACCEPTABLESystem Updates
• For homes/dwellings less than 25 years old, no updates required
• Full updates required (within the past 25 years) for all dwellings older than 25 years

Acceptable Named Insureds
Estate/Trusts, Corporations, Foreign Corporations, LLCs/LTDs/LLPs, Individual(s), Joint Ventures, Partnerships, Financial Institutions, Condo/Home Owners Associations, Contractor/Developer, Multiple Ownerships. Owner or Tennant occupied.

Unacceptable Claims History
• Accounts with more than 30% Combined Loss Ratio over past 3 years
• Properties with Existing Damage and/or more than 3 claims in past 36 months

More Details
Low Minimum Premiums
• $250 Property-excluding wind/hail; $500 Including wind/hail
• $350 Liability

Property Coverage Enhancement, Endorsement
• $150 on policies excluding wind/hail
• $100 on Policies including wind/hail

SHORT TERM RENTALS (Such as Air B&B)
• Apply the HO-1733 Unit Owners Rental to Others endorsement
• $100/night minimum rental charge
• Double deductible for theft & VMM
• No tenants under 25 years old
• Liability restricted to premises

Details

Has Pen

Appointment Required

Listing Contact

Daniel Feigenbaum CEO

Offered By

London Underwriters, LLC

10 listings in 50 states + DC

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Downloadable Files

Availability 5 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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