Dwellings (Commercial, 1-4 Family)

Online-Rated Product Summary

• Dwellings owned by individuals or entities for rental investment purposes
• Locations that are leased on an annual or seasonal basis (general liability only for seasonal risks)
• Owner-occupied buildings, so long as one or more units are tenant occupied
• Available for new purchases with no prior insurance
• Available for risks undergoing renovations
• Schedules of up to 50 locations including general liability and property coverage (no limit to scheduled locations for general liability coverage only)

Product Advantages

• No general liability deductible; Property deductible starts at $1,000
• Defense coverage outside the limit
• Expanded definition of bodily injury coverage includes sickness or disease caused by mental anguish or emotional stress
• Ability to offer:
  -   Coverage for assault or battery in most states
  -   Loss of income including loss of rent coverage
  -   Per location aggregate coverage for a minimal fee
  -   Increased limits for medical payments
  -   Equipment breakdown coverage
  -   Coverage while property is under renovation
  -   Replacement cost for buildings up to 60 years of age
• No standard animal exclusion
• Ability to consider dwellings used for corporate employees/customers or any member of a corporation given the
• applicant is an LLC or corporation
• Usually no inspection fees
• Ability to consider risks with boat docks or slips
• Special Cause of Loss form available

Limits

• General liability available up to $1,000,000/$2,000,000
• Property values up to:
  -   $1,000,000 in protection classes 1–8
  -   $1,000,000 in coastal zones (excluding wind and hail coverage)
• Commercial excess general liability or umbrella up to $5,000,000
• Hired and non-owned auto liability up to $1,000,000
  -   Limit must be equal to the general liability occurrence limit

 

*Coverage may not be available for all accounts or in all states

*Applications will apply to most markets but in certain circumstances additional applications may be needed

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