Residential Contractors Wrap Up/OCIP
Nuts & Bolts:
NeitClem Wholesale Insurance Brokers is placing construction wrap up policies for condo/town home developments with up to three “A” rated carriers participating on primary and excess. Company application and soils report is a requirement. Please call to discuss your clients project.
Dollars:
Policy limits for primary, $5 million, excess $50 million; minimum deductible of $25,000. Premiums start at $250,000 and average $700,000.
Carrier:
Rated “A” by A.M. Best, nonadmitted.
State Available:
California.
Contact:
Dennis or Ian, (323) 258-2600 or www.neitclem.com.
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