Specialty Insurance Managers Launches High Value Homeowners Program

Specialty Insurance Managers Inc., a managing general agent based in Austin, Texas, has begun offering a new high value homeowners insurance program in Texas, New Mexico, Arkansas, Oklahoma, Missouri and Kansas, with plans to expand into additional territories.

The MGA hired Chris Hayes, a former Lloyds of London underwriter, to oversee the program and facilitate the expansion into additional states.

Program features include:

• First tier wind capacity available (other than Galveston County, Texas)
• Up to $15,000,000 property
• Up to $1,000,000 CPL
• Up to $250,000 scheduled personal articles floater
• Occupancy can be primary, secondary, seasonal, rental, vacant or builders’ risk
• HO3, HO5, HO6, DP3 forms available
• Condo units written
• Home in corporate/LLC names can be written
• PC9 and 10 available
• Written with Underwriters at Lloyd’s
• Earthquake may be included as an endorsed peril
• Excess flood may be written as an endorsed peril
• Sub-limits for water back-up, ordinance and law, LAE and identity fraud expense available
• No credit scores needed to quote

Source: Specialty Insurance Managers