Multi-Family Commercial Property Program
Offered by Amalgamated Insurance Underwriters
Commercial Property Hard To Place HOA Property Frame Apartment Building Condominiums Multi-Family HousingDescription
This program is a fit for older risks made of frame, JM, or MNC construction that can't find adequate placement in the admitted marketplace. Program appetite includes all construction classes of well-managed habitational properties, as well as other conventional commercial property risks. The program provides adequate capacity, therefore, allowing us to consider larger per-location risks and property schedules.
• All Perils
• Broad Risk Appetite
• Exclusive Market
• Expedited Underwriting and Quoting Process
• $500 Million Blanket Limit
• No Co-insurance
• $50 Million Flood Sublimit in Non-critical Flood Zones
• $50 Million Earthquake Sublimit excluding CA, AK, HI, PAC NW & New Madrid seismic zones
• EQSL in all States
•Ordinance or Law: Coverage A $500 Million Coverage B & C - $15 Million for each line
• $100 Million Terrorism Sublimit
• $100 Million Boiler & Machinery Sublimit
Appetite:
• Minimum TIV $5M
• Older and Newer well-managed Frame Multi-Family Apartment Complexes
• Updated within 20 Years
• High-Rise MNC Multi-Family Apartment Buildings
• HOA’s and Condo Associations
• LRO’s, Office Buildings, and other Commercial Risks
Details
$60 Maximum Premium
$7 Minimum Premium
Appointment Required
Carrier Information
Several "A" rated domestic and London based carriers
Non-Admitted
Rating A
Offered By
Downloadable Files
Availability 38 states
Covered
Not Covered
