Specialty Insurance Managers Launches High Value Homeowners Program

April 14, 2014

Specialty Insurance Managers Inc., a managing general agent based in Austin, Texas, has begun offering a new high value homeowners insurance program in Texas, New Mexico, Arkansas, Oklahoma, Missouri and Kansas, with plans to expand into additional territories.

The MGA hired Chris Hayes, a former Lloyds of London underwriter, to oversee the program and facilitate the expansion into additional states.

Program features include:

  • First tier wind capacity available (other than Galveston County, Texas)
  • Up to $15,000,000 property
  • Up to $1,000,000 CPL
  • Up to $250,000 scheduled personal articles floater
  • Occupancy can be primary, secondary, seasonal, rental, vacant or builders’ risk
  • HO3, HO5, HO6, DP3 forms available
  • Condo units written
  • Home in corporate/LLC names can be written
  • PC9 and 10 available
  • Written with Underwriters at Lloyd’s
  • Earthquake may be included as an endorsed peril
  • Excess flood may be written as an endorsed peril
  • Sub-limits for water back-up, ordinance and law, LAE and identity fraud expense available
  • No credit scores needed to quote

Source: Specialty Insurance Managers

 

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