Philadelphia Insurance Companies is broadening the eligible classes for its condominium product to include office park condominium complexes.
Available coverages include Property, General Liability, Automobile, Garagekeepers and Umbrella. General Limits up to $1.0 million/$3.0 million are available. Umbrella Liability Limits of up to $1.0 million are available. Large in house property capacity exists allowing the company to write virtually any condominium property exposure that meets its underwriting standards.
Acceptable classes include office condominiums with an occupancy rate of at least 80 percent, and area used as office space of at least 75 percent. Other underwriting criteria and restrictions apply.
For applications, visit phly.com and click on “Products and Services, Forms and Applications” and follow the menu to “Office Buildings”.
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