US Assure, the program administrator for the Builders Risk Plan insured by Zurich, has launched XPressBIND, an online application that gives agents the ability to quickly issue residential builders risk policies.
The application allows agents to quote and issue builders risk insurance policies, without any underwriting holds, within minutes for residential, one-to-four family new-home construction valued up to $500,000.
US Assure is a stand-alone provider of builders risk insurance and writes the Zurich-insured program in every state.
XPressBIND offers a quote and can bind the policy once an agent has entered the property address and answered six questions.
If the construction project doesn’t meet the criteria for XPressBIND, US Assure has other options to quote and issue commercial and residential new construction, remodeling and installation projects valued up to $75 million.
Producers who already do business with US Assure can access XPressBIND when they log into the company’s website, usassure.com. New agents can also register on the site to get access. There is no minimum volume commitment, paperwork or long approval process.
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