My New Markets
Market Detail: Community Association Insurance Solutions LLC offers a Community Association Directors and Officers with Employment Liability Insurance Program (D&O with EPLI) for both the associations you insure and their community management company. The products are available for nonprofit habitational community associations including homeowners associations (HOAs), townhomes, residential/commercial condominiums (condos), and residential/commercial planned unit developments (PUDs). Common classes: residential condo and townhome associations, homeowner associations, retail associations, office/industrial parks, property owner associations, cooperatives, mobile home parks (not in California); planned unit developments. Restricted classes (ineligible): rental associations, condo hotels, timeshares. D&O products details: Admitted in all states offered; limits up to $5 million; defense costs coverage for breach of contract claims; coverage for non-monetary claims; automatic coverage for the property management company; defense outside the limit available in most states; full prior acts coverage; developer can be on board (cannot be in control).
Available Limits: Up to $5 million.
Carrier: AM Best A++ and AM Best A+ rated national carriers.
States: Available in most states plus District of Columbia. Not available in Nevada.
Contact: Gary Deck; gary@caislive.com; 916-212-8310.
Market Detail: Renters Legal Liability LLC provides a property damage liability policy, RLL, that is sold directly through insurance agents, to the owner/management company. Renters Legal Liability provides property management services to the apartment industry, student housing, senior housing, assisted living, military housing, condominiums, co-ops and HOAs. The Property Damage Liability Waiver (PDLW) is a risk-transfer program that allows multi-family property providers to manage risk and assist in mitigating losses caused by residents’ negligent acts. The PDLW waives five perils for accidental, resident-caused fire, smoke, explosion, water discharge and sewer backup. Services include online monitoring of units with the PDLW or HO-4/renters insurance policies, customer support and training. Proprietary software, database, monitoring and reporting systems manage the process. The PDLW is able to interface with most property management software for a seamless, simple operational daily exchange of information on the community and corporate level. Owners/managers are able to dramatically control their property/casualty loss ratios. Many current clients have realized 5% – 15% savings on annual premiums from property P/C carriers. The PDLW is available throughout the United States.
Available Limits: Not disclosed.
Carrier: Hudson Specialty Insurance Company; non-admitted; rated A+ XV.
States: Available in all states plus District of Columbia.
Contact: Paul J. Kaliades; paul@rllinsure.com; 201-345-5272.
Market Detail: Coastal Insurance Underwriters is offering a new HO-6 Condominium Unit Owners Policy. Coastal Insurance Underwriters is a Florida-based managing general underwriter that specializes in service, ease of doing business through automation and finding unique solutions for challenging markets. Highlights: Real-time fully automated quoting and policy issuance and pay online; A rated carrier-Lloyds of London; total insurable value (TIV) available up to $500,000; occupants may be owners, tenants or short-term rentals (2 night minimum); trusts, LLCs and condominium associations available as additional insureds; online quick quote technology; ISO forms; direct bill no payment fees. Has pen; appointment required.
Available Limits: TIV available up to $500,000.
Carrier: Non-admitted; A rated – Lloyds of London.
States: Available in Alabama, California, Florida, Georgia, Tennessee, Texas. Other states to follow.
Contact: Shannon Cini; scini@ciuins.com; 904-285-7683.
Market Detail: Star Mutual RRG offers competitive and stable commercial auto liability rates for transportation companies. Highlights: agency online instant quoting and servicing portal; high deductible options for fleets; federal and state filings. Transportation classes covered: short and long-haul trucking, general freight, dry vans, cargo vans, refrigerated goods, car haulers, flatbed, last mile delivery, owner-operators, small and large fleet. Payment options: direct bill only, credit card, ACH. Discounts available: pay in full, CDL experience, new trucks, qualified safety scores. Retail and wholesale agents are welcome to apply; has pen; appointment required.
Available Limits: Auto liability limits up to $1 million.
Carrier: Star Mutual RRG; admitted; rated A (Exceptional) by Demotech Inc. and B+ (Good) by A.M. Best.
States: Available in Arizona, Arkansas, California, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Maine, Maryland, Minnesota, Missouri, Nevada, New Jersey, North Carolina, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming.
Contact: Star Mutual RRG; agents@starrrg.com; 855-569-7827.