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Program Description
General
- Firm quotes for completed app’s – quick turnaround – no agent binding authority
- Phone: 800-780-8423, Fax: 941-746-0304
- Underwriter: John Lamb – ext 1056
- Budget Payment Plan Available
- Hired and Non-Owned Auto, Employee Dishonesty, and Inland Marine available with package policies
- Mechanical Breakdown optional, but included in every property quote
- Package – Liability – triple aggregate
- Any corresponding flood – https://ServiceInsurance.FloodPro.net
Eligibility
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Residential Condominium, Fee Simple Townhome / Homeowner Association with Condo type insurance bylaws
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Condo with incidental Mercantile or Office
- Condo with incidental short term rental
Requirements
- ACORD Application including premium and loss history
- Supplemental Application (SUPP 11/07) FL
- Diagram of distance between buildings (Minimum to rate separately - Frame – 50’, JM - 25’, MNC or better – 15’)
- Florida Building Code Mitigation Verification Affidavit (SIC WM 2009)
- Copy of Association By-Laws, pertaining to insurance requirements
Guidelines
- Roof and opening protection verifiable as 2001 Building Code Equivalent
- Wiring and Plumbing verifiable as new within 15 years
- Values - 100% replacement cost
- JM or better statewide, Frame - 2 miles inland, Hillsborough, Polk, Osceola, Brevard Counties and north
- TIV per location - up to $30 Million (any building or cluster of closely spaced buildings over $10 Million - refer to underwriting)
- 2500’ from coast or situated inland of other equal structures
- Wind coverage available in wind pool area
- Sarasota and Volusia Counties - 2500' from coast or situated inland of other equal structures - Dade, Broward and Palm Beach Counties - 1 mile from coast
- Calendar Year Deductibles – Hurricane - 5% (3% if 1 mile inland and with underwriter approval) – AOP - $5,000 - $25,000
Rev 1/22/09 |
