Partner Specialty Group Launches Online High Value Homeowners Facility

Partners Specialty Group, LLC has announced a new non-admitted online high value homeowners facility with limits in excess of $60 million. Appointed agents will be able to access the online portal and obtain quotes for the following exposures:

High Value Homeowners

• Vacant Dwellings with the ability to write tailored policy periods, i.e. three month, six month, etc.
• Risks in the name of LLCs/Corps can be addressed.
• One-to-four family dwellings held for rental
• Unprotected risks/risks prone to brush
• Risks with adverse loss history, either severity or frequency.
• High profile individuals with questionable backgrounds

Builders risk/Renovations

• $60 million in limits available
• Ability to add builders as additional insured/grant waivers of subrogation
• Stepped approach for larger/long period construction projects
• Mid-term COCs

Caribbean Risks

• Homeowners and builders risks for most islands in the Caribbean, including cat perils
• Local broker network assisting with local auto and umbrella policies, as well as tax filing

Features of the new online system include:

• Obtaining same day quotes from multiple non-admitted markets with a single submission
• Bypassing the issuance of binders, and have policies issued upon their request to bind (by state)
• Obtaining endorsements the same day as requested

Topics Mergers & Acquisitions Excess Surplus New Markets Homeowners