Excess & Surplus Property

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Key featuresOur appetite

Specialized solutions for hard to place risks

Specialized solutions for non-standard excess and surplus property risks including commercial real estate, vacant structures, mercantile, commercial properties, nursing homes, assisted living and more. 

Key features

  • "A- XV" A.M. Best rated carrier
  • Monoline property
  • Nationwide program
  • Non-admitted paper
  • Full limit policies
  • Primary policies
  • No capacity for excess
  • Minimum premium: $5,000

A- XV

A.M. Best rated carrier

140+ Years

of combined experience

Target classes

Vacant buildings

Renovations - nonstructural only

Commercial real estate

Condominiums

Rental apartments

Additional program details

  • $25m per location and amount subject – best risk 
  • $100m policy TIV 
  • Flood and earthquake – non-critical $2.5m maximum limit 
  • Equipment breakdown – $25m 
  • Limitations apply for catastrophe exposed business 
  • Florida-beyond 5 miles from the intercoastal Waterway and Gulf Coast – $5m max line/$5m max policy TIV 
  • Louisiana, Mississippi, and Alabama – beyond 50 miles from the coast including Baton Rouge 
  • Virginia, North Carolina, South Carolina and Georgia – beyond 15 miles from the coast 
  • No coastal Texas 

  • Mercantile 
  • Light manufacturing and industrial 
  • Restaurants and taverns 
  • Religious institutions 
  • Hospitality risks 
  • Nursing homes 
  • Assisted living 

Can consider

  • Undervalued properties 
  • New purchases 
  • Accounts with prior losses 
  • Stab lok panels 
  • Aluminum wiring 
  • Fuses 

  • Type 
    • Conventional 
    • Senior 
    • Student 
  • Target Territories 
    • East Coast 
    • West Coast 
    • North Central and Southeast (excluding tier 1 and tier 2 counties) 
  • Due to program constraints, we have the following frame or brick veneer limitations 
    • Virginia, North Carolina, South Carolina and Georgia – beyond 30 miles from the coast - $15m max line/$15m max policy TIV 
    • Louisiana, Mississippi and Alabama – beyond 50 miles to the coast including Baton Rouge - $5m max line/$5m max policy TIV 
    • Colorado - $10m max line/$10m max policy TIV 
    • Texas, Oklahoma, Kansas, Nebraska, Arkansas, Missouri, Iowa and Kentucky are prohibited 

  • Buildings in transition (i.e. from vacant to renovation to occupied) can be re-underwritten and endorsed in lieu of writing a new policy 
  • Buildings coming off COC, waiting for certifcate of occupancy and have punch list items to complete 
  • Renovation must be cosmetic only, can include existing structure 
  • Broader coverage and replacement cost on qualifying risks 
  • New purchase 
  • Undervalued 
  • Partially occupied 
  • Incomplete COCs 
  • No restrictions on the length of vacancy 
  • Flexible policy terms, maximum 12 months 

Ineligible 

  • Buildings scheduled or planned to be demolished 
  • Renovations undergoing structural modification or contemplating structural modifications
E&S Property

Excluded classes

  • Ground up construction
  • Renovations that contemplate structural modifications
  • Greenhouses
  • Agriculture risk/food processors
  • Recyclers
  • Chemicals/petrochemicals
  • Heavy flammable exposures
  • Manufacturing over $10m TIV
  • Risks located in wildfire & high/med brush areas

Submission requirements

  • Acord application 
  • SOV in excel for large schedules 
  • DUAL supplemental vacant building application 
  • DUAL supplemental habitational application 
  • DUAL hospitality supplemental 
  • Minimum of 3 year currently valued loss runs 
  • Target premium 

Document downloads

Applications

Product resources

Contact the expert

Photo of Jeannette Guercio

Jeannette Guercio

Senior Vice President, E&S Property

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