High-Valued Homeowners

Nuts & Bolts: Canon Insurance announced a series of expanded benefits to its respected high-valued homeowners program. This program features a revamped and improved policy form designed around high-value homes for those brokers seeking preferred pricing and a preferred form. The enhancements include, but are not limited to: special form on personal property; no fine arts limitation; availability of extended replacement cost; backup of sewers and drains and very reasonable brush clearance requirements. Canon’s new program includes a mold coverage sublimit for $25,000 and increases the following special limits of liability on personal property: money, unscheduled jewelry, unscheduled silverware, business and personal property.

Dollars: In-house capacity of $5 million, available capacity of $20 million. Deductibles starting at $2,500 with credits available for higher. Minimum premium is $1,500.

Carrier: Lloyds rated “A XV” by A.M. Best, nonadmitted.

State Available: California.

Contact: Andrew Rosenfeld, (310) 859-8600 or www.canoninsurance.com

Topics Homeowners