Property and casualty for property managers and real estate investors
Most property programs are renewed, not underwritten.Find out which one yours is.
Send your declarations pages, loss runs, and schedule of values. In five business days we return a written, line by line read: what is covered, what is not, where your limits sit against replacement cost, and where two policies overlap or leave a gap between them. You keep the report whether or not you ever place a policy with us.
No cost. No obligation to move the account. We do not approach any market without your written permission.
- 5
- business days from complete file to written report
- 3
- documents: dec pages, loss runs, schedule of values
- $0
- what it costs, and the report is yours either way
Why this exists
The drift is invisible until the claim.
Every year the renewal arrives at a number. The number gets compared to last year's number. Almost nobody re-reads the forms.
Meanwhile the roof was replaced, the schedule picked up four addresses, replacement cost per square foot moved, and the ordinance and law limit did not. A protective safeguards warranty is still on the policy from a sprinkler system that was decommissioned two owners ago. The umbrella follows form over a general liability policy that quietly added an assault and battery sublimit at the last renewal.
None of that shows up in a premium comparison. All of it shows up at a claim, and by then it is a conversation with ownership rather than a conversation with an adjuster.
The deliverable
Six reads, on your documents, in writing.
- 01
Limits against replacement cost, building by building
We put your stated values next to a current replacement cost estimate for every address on the schedule.
Which means you learn you are underinsured while you can still fix it, instead of learning it as a coinsurance penalty on a partial loss.
- 02
Ordinance and law, read against the building you actually own
Older construction and current code do not agree, and the difference is paid out of pocket unless your Coverage A, B, and C limits reflect it.
Which means the undamaged half of the building you are ordered to demolish is a line item you already planned for.
- 03
The seam between policies
Property, general liability, umbrella, and any professional, environmental, or crime line are underwritten by people who never read each other's forms. We read them together.
Which means you know which policy answers before you need one of them to.
- 04
The exclusions that actually bite your class
Roof surfacing on an actual cash value endorsement, protective safeguards warranties, vacancy provisions, water damage sublimits, assault and battery, habitability and tenant discrimination.
Which means you find out about the endorsement that halves your roof claim now rather than during a coverage dispute.
- 05
Your loss runs read the way an underwriter will read them
Five years of losses decide what you are quoted next year. We tell you what a market is going to see, and which entries are worth explaining before they are priced.
Which means you control the narrative on your own account instead of receiving it.
- 06
Certificate and additional insured obligations against your leases and loan documents
Your lease and your loan agreement both dictate coverage terms, and neither one was written by the person who placed your policy.
Which means you stop discovering at closing that your policy cannot produce the certificate your lender requires.
Three ways in
You do not have to trust us to start.
Rung one
The Five-Day Gap Report
You send three documents. We send a written review. Nothing changes on your program and you owe us nothing. Owners routinely take the findings back to the broker they already have and get them fixed there. That is a fine outcome.
See what the report containsRung two
Broker of record
If you want us servicing the account without disturbing anything, a broker of record letter moves the servicing rights and nothing else. Same carrier, same policy, same premium, same effective dates. No new application, no re-underwriting, no gap. Signed in a browser, with no printing or scanning.
How a broker of record transfer worksRung three
Full marketing at renewal
We take the account to admitted and surplus lines markets, direct and through wholesale brokers, and bring back the options side by side with the differences in the forms called out, not just the differences in premium.
Start a property submission
What we put at risk
Five business days, or we do not ask for your business.
The clock starts when all three documents are in hand and it is ours to manage, so the cost of missing it should be ours too. If we do not deliver your written review within five business days, we will not approach you about your renewal. You keep the report and we forfeit the ask.
We do not guarantee that we will find something. If your program is in good shape the report will say so in writing, and you will have it on file the next time somebody asks.
Before you ask
The questions we get, answered plainly.
I already have a broker.
Good. Keep them. The report is a read of your own documents. It does not move your account, notify your broker, or touch your policies.
Owners routinely take the findings back to the incumbent and have them fixed there. If that happens, your broker got better and you paid nothing for it.
My broker already reviews this at renewal.
Some do. Ask what the review compared. A renewal review usually compares this year's premium to last year's. This one compares your limits to replacement cost, your forms to each other, and your obligations to your leases and loan documents. Those are different questions.
You are going to shop my account and burn my markets.
We do not approach any market without your written permission. A submission to the wrong carrier at the wrong time is a real cost to you, and we are not going to create it to win a pitch.
The report requires no market contact at all.
I am not sending you my loss runs.
Understandable. Start with declarations pages alone and we will tell you what we can see from them. The loss runs change how much of the picture we get, particularly on pricing. Send them later, or never.
What is the catch, and why is this free?
There is no catch, and we are not going to pretend it is charity. We are betting that a careful read of your program is the most credible thing we could show you, and that some share of owners who get one will give us a look at the renewal.
Most will not. The math still works for us.
How do I know your read is any good?
Every finding in the report points to a page and a form number in a document you already hold. You can check it yourself, or hand it to your current broker and let them check it. It is built to be audited.
How long have you been writing this class?
We are newer under the Bindly name than the buildings we insure. What is not new is the market access or the reading. Judge the report against your own documents, which is the only part of this you should be trusting anyway.
Fit
Who we are the wrong brokerage for.
You want the cheapest number and nothing else matters
We will lose that engagement to somebody willing to quote a policy we would not put our name on, and we would rather lose it early.
You need a certificate in the next hour and nothing else
That is a service request, not a brokerage relationship. If you are already our client we will handle it. If you are not, your current broker is faster at it than we will be from a cold start.
Your incumbent broker is family
We are not going to win that account and we are not going to spend your time trying.
You are shopping mid-claim or after a notice of cancellation
Markets read that immediately and the usual result is worse terms, not better. Call us anyway, but expect us to tell you to sit still.
You want personal lines on your own home and nothing else
Not our line. We will point you somewhere useful.
How we place
Admitted and surplus, direct and wholesale.
We place through admitted carriers and surplus lines markets, both directly and through wholesale brokers. We service accounts from a single mid-size apartment building up to schedules above $25 million in total insured value.
We do not publish a wall of carrier logos. Carrier appointments are not exclusive, a logo is not an argument, and putting a carrier's name on a marketing page implies an endorsement that no carrier has given us.
Divisions
Three divisions, one account.
Property and casualty
Residential and habitational, commercial real estate, and schedules above $25 million in total insured value. The core of the brokerage.
Property and casualtyBindly Health
Individual and group health, for you and for the people who work for you.
bindlyhealth.comBindly Compliance
The certificate tracking, renters declaration pages, and driver file work that sits underneath the insurance and never stops.
bindlycompliance.com
Trucking and transportation is written as a sub-line of the property and casualty division. Motor carrier coverage.
Send three documents. Get a written read in five business days.
Declarations pages, loss runs, and a schedule of values. If you only have one of the three, send that one and we will tell you what it shows.