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Property and casualty

Habitational and commercial real estate, underwritten rather than renewed.

Apartment buildings, mixed use, condominium and homeowner associations, retail, office, and the schedules that pick up four addresses a year and never get re-read.

The argument

Habitational is not a hard class. It is a badly read one.

Underwriters price this class on things most renewal conversations never touch: the age of the roof and the year of the last full replacement, the electrical and plumbing updates, the tenant mix, whether there is a pool or a playground, the security arrangements, the habitability history, and how the last three water losses were handled.

An account presented without those answers gets priced as though the answers are bad, because that is the safe assumption for the underwriter. Which means owners routinely pay a premium for information they had the whole time and were never asked for.

What we write

The lines a real estate program actually runs on.

  1. 01

    Commercial property on a blanket or scheduled basis

    Written to match how you actually hold the assets, and read against the values you actually reported.

    Which means a total loss on one building is not capped by the value you happened to list against it.

  2. 02

    General liability and premises liability

    The line that answers for the common areas, the parking lot, the stairwell, and the sidewalk.

    Which means the slip and fall in the stairwell does not become a personal claim against ownership.

  3. 03

    Umbrella and excess

    Sitting over the primary liability and auto limits, and read to confirm it actually follows form.

    Which means the loss that exceeds a primary limit does not reach the balance sheet.

  4. 04

    Equipment breakdown, ordinance and law, and business income with extra expense

    The three that decide what a mechanical failure or a code-triggered rebuild actually costs you.

    Which means the boiler failure that empties a wing pays for the lost rent as well as the boiler.

  5. 05

    Directors and officers for associations, plus crime and employment practices

    For condominium and homeowner association boards, and for any owner with employees on site.

    Which means a board decision or a terminated manager does not land on volunteers personally.

  6. 06

    Tenant renters insurance tracking, and a policy for tenants who need one

    Your lease requires it. Somebody has to collect the declaration pages and chase the lapses.

    Which means the lease requirement is actually enforced rather than just written down.

Three ways in

Two doors, depending on how you would rather work.

Some owners would rather send three PDFs. Some would rather answer questions. Both land in the same place.

  1. Rung one

    The Five-Day Gap Report

    Send declarations pages, loss runs, and a schedule of values. In five business days you get a written read of the program you already have, and you keep it whatever you decide.

    See what the report contains

  2. Rung two

    Broker of record

    Move the servicing rights and nothing else. Same carrier, same policy, same premium, same effective dates. No new application and no re-underwriting.

    How a broker of record transfer works

  3. Rung three

    Full marketing at renewal

    Answer the underwriting questions once and we take the account to market. If you would rather answer questions than send documents, this is the faster door.

    Start a property submission

Above $25 million

Larger schedules read differently.

Above roughly $25 million in total insured value a program stops being a package and starts being a tower of layers that have to agree with each other. That is a different argument, and it has its own page.
Large commercial and layered programs

Send three documents. Get a written read in five business days.

Declarations pages, loss runs, and a schedule of values. You keep the report whether or not you ever place a policy with us.

Start the Gap Report