Manhasset, New York-based NIF Property Solutions, a division of NIF Group, Inc., said it will act as the exclusive underwriter of a new product for property risks in 14 East and Gulf Coast states.
The product is being offered in Massachusetts, Connecticut, New Jersey, New York, Pennsylvania, Maryland, Delaware, Virginia, North Carolina, South Carolina, Georgia, Alabama, Mississippi and Louisiana.
The program will be written on non-admitted paper and focuses on difficult to place risks, such as habitational, real estate, institutional, mercantile, manufacturing, office, service risks and more.
Limits of up to $10,000,000 (up to $5,000,000 for frame construction) are available on a primary or excess basis. Premiums start at $2,500 with deductibles as low as $1,000.
In addition NIF Property Solutions said it will write coastal, Tier 1 exposures in all listed states. Wind coverage is restricted to other-than-frame construction for Tier 1 counties in Alabama and Mississippi. Wind Coverage is excluded or restricted to certain parishes in Louisiana.
Source: NIF Group, Inc.
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