Nuts & Bolts:
Abram Interstate Insurance Services Inc. is offering a new market for apartments. This new product is a comprehensive apartment building package policy especially designed to meet the needs of owners and managers involved in the commercial apartment building market. The program can be written on either a multi-peril commercial package policy, including property and general liability, or on a monoline property basis.
The package policy also offers comprehensive general liability, crime, hired and non-owned auto and mechanical breakdown. Coverage is special form, agreed amount with replacement cost valuation. There is no age restriction, and it will allow risks up to 20 stories, including all constructions types for protection classes 1 – 9.
Dollars:
Limits of coverage up to $10 million per location, or building, and higher based on the risk. The minimum premium is $2,500.
Carrier:
It is rated “A- (excellent) XII” by A.M. Best, nonadmitted.
State Available:
California.
Contact:
Stephen Donahue, (916) 780-7000, stephend@abraminterstate.com or Kathy Henderson, (916) 780-7000, kathleenh@abraminterstate.com.
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