Los Angeles-based Lemac & Associates has improved package property, boiler and machinery, crime, and general liability markets.
According to the company, “A” rated carriers are quoting package business including property, machinery breakdown, crime and general liability with large capacity for condominiums, townhouses, apartments, shopping centers, retail stores, distribution centers and a host of other classes. Along with the Lemac construction capabilities, Lemac will take accounts from COC to finished project insurance.
Coverage is available in all states with minimum premiums at $2,500. Property limits are $100,000 and higher, and deductibles start at $2,500. Agents and brokers can write coverage for single or multiple locations with no limit on total insurable value. Valuation is replacement cost, agreed amount. General liability limits include: $1 million per occurrence, $2 million general aggregate, $1 million on products and completed operations, and $50,000 on fire damage. Lemac can also write up to $1 million on personal and advertising injury, $5,000 medical expense and $1 million on hired non-owned auto. Depending on the risk, crime, machinery breakdown and excess general liability are also available.
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