Managing general agent Highland Insurance Solutions has launched a builders risk product available on admitted paper for construction owners, contractors, developers and homeowners.
Available in 26 states, the coverage is written through American National Property And Casualty Co.
Highland Insurance Solutions offers a suite of insurance products and specialty risk management services for residential, commercial and institutional construction projects.
As a managing general agent, Highland is part of WNC Insurance Services and a subsidiary of Tokio Marine Kiln.
According to Rick Girden, president of the WNC and Highland Construction Division, the admitted product will promote the expansion of its business and will offer a competitive option for its trading partners.
Highland’s admitted paper coverage is available in Arizona, Arkansas, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Missouri, Montana, Nebraska, Nevada, New Mexico, North Dakota, Ohio, Oklahoma, Pennsylvania, Tennessee, Utah, Virginia, West Virginia, Wisconsin and Wyoming.
Coverage is offered up to 24 months, with an additional six-month extension if needed, and includes:
- All risk coverage
- Physical damage/delay in completion
- 100% projects, no quota share projects
Target classes for coverage include:
- New four-wall construction
- Mixed-use, residential housing
- Office, institutional and retail
- Non-structural renovation
Highland specializes in builders risk coverage with experienced construction industry underwriting teams. In addition to admitted paper coverage, other product offerings include construction all risk (CAR), master builders risk, reporting forms and renovation projects (structural and non-structural).
WNC Insurance Services Inc., is a property and casualty underwriting agency that offers coverage for private flood, construction, fine arts and specialty property. WNC includes Precise Adjustments, a wholly owned subsidiary that provides claims capabilities. WNC has corporate offices in Chicago and South Pasadena, Calif., and operating centers in Dallas, Irvine, Calif., Miami, Naperville, Ill., and New York.
Topics New Markets
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