Vacation Income Property (VIP)
Nuts & Bolts: Middle Oak is offering insurance designed exclusively for vacation income property. What is covered: homes, condos, short term or year round rentals, owner use, two nights, seasonal etc. In the name of a trust, LLC, or business is not a problem. For vacation communities too: ski areas, beaches, lake communities, golf, mountain destinations, local attractions.
Dollars: $25,000 to $5 million.
Carrier: MiddleOak, rated “A+” by A.M. Best. Admitted.
States: Del., Maine, Md., Mass., Mich., N.H., Pa., Tenn., Vt., Va. Wis.
Contact: Bill Hall at 860-638-5168 or e-mail email@example.com.
Mobile Home Parks
Nuts & Bolts: M. F. Irvine & Associates Inc. is the program administrator for a national program providing commercial package and commercial automobile liability policies for the manufactured home and mobile home park communities. CGL primary rating based on number of spaces. Optional coverages available under the CPP include, but are not limited to: employee dishonesty, crime, inland marine, business interruption/extra expense, hired/non owned automobile liability.
Dollars: $1 million to $2 million.
Carrier: State National Insurance Co. rated “A” VII by A.M. Best. Admitted.
States: Ala., Ariz., Ark., Calif., Colo., Fla., Ga., Idaho, Ill., Ind., Iowa, Kan., Ky., La., Md., Mich., Minn., Miss., Mo, Mont., N.V., N.J., N.M., N.Y., N.C., Ohio, Okla., Ore. Pa., S.C., Tenn., Texas, Utah, Va., Wash., D.C., W.Va.
Contact: Ed Johnston at 610-862-4380 or e-mail firstname.lastname@example.org.
Nuts & Bolts: International Excess Agency, Inc. is offering technology errors & omission coverage that combines tech E&O with network security, media and advertising and miscellaneous professional liability coverages. Competitive pricing, broad coverage and timely quotes are available. Coverage includes: E&O cover for both technology products and services; computer and network security liability; multimedia and advertising liability; unintentional breach of contract; and trade secret misappropriation.
Dollars: $100,000 to $20 million.
Carrier: Beazley Insurance Co. rated “A” by A.M. Best. Admitted and non-admitted.
Contact: Kenneth Kukral at 216-797-9700 e-mail Ken@internationalexcess.com.
High Value Homeowners
Nuts & Bolts: MarketScout is offering coverage for homes valued at more than $1 million. Coverage includes wind and earthquake. Auto, yachts, fine arts and all ancillary coverages are also available.
Dollars: $50,000 to $1 million.
Carriers: Rated “A” by A.M. Best. Admitted.
Contact: Kandi Taacki at 630-377-9460 or e-mail email@example.com.
Coin Laundry and Dry Cleaners
Nuts & Bolts: Gridiron Insurance Underwriters Inc. is offering a program especially designed for coin laundries and dry cleaners, and similar type risks. 24-hour coin laundries are eligible. Laundry routes at apartment buildings are not eligible. Program automatically includes money and securities ($5,000/$2,000), bailees ($2,500), employee dishonesty ($5,000), outdoor property including signs ($5,000), tenant glass ($2,500) plus more than 20 other coverage extensions for no additional charge. Property limits available on a per location basis up to $750,000.
Dollars: Up to $2 million.
Carrier: Maxum Indemnity rated “A-” by A.M. Best. Non-admitted.
States: Ala., Fla., Ga., Ky., La., Mich., Mo., N.C., Pa., S.C., Tenn., Texas.
Contact: Bryan Meyer at 888-365-7701 or e-mail firstname.lastname@example.org.
Nuts & Bolts: StorageFirst is a business insurance program designed for the unique exposures of self-storage, mobile storage, and document management/storage operations. Open to any licensed independent agent.
Dollars: $50,000 to $500 million.
Carrier: Travelers Insurance rated “A+” by A.M. Best. Admitted.
Contact: Tom Laden at 800-853-4663 or e-mail tom.laden.aig.com.