Real Estate

Protecting people and property in commercial buildings

Applied Specialty Underwriters® offers Primary and Excess Liability for habitational exposures, with a single underwriter overseeing both submissions simultaneously. The facility is offered nationwide via appointed wholesale brokers.

Coverage provided by AM Best rated ‘A-’ (Excellent) carriers, Financial Size Category XI.

Appetite

The facility entertains habitational CGL and Excess Liability on the following basis:

• Apartments

• Commercial buildings including restaurants, retail, office and industrial space

• Warehouses

• Hotels

Coverage Detail

Limits Available:

• $1M/$2M/$2M or $2M/$4M/$4M Primary CGL

• Up to $15M in Excess Limit

Limits Structure:

• CGL only

• Unsupported Excess in a lead or Excess position

Submission Requirements:

• Completed Applied Specialty Underwriters habitational supplement application or equivalent application

• Acord Application

• Schedule of values (SOV) or COPE in Excel document including:

  • Named insured for each property

  • Year of construction and/or renovation for each property

  • Unit count per building, per location

• Details of the insured’s tenant vesting process for accounts larger than 5,000 units

• Minimum of five years’ hard copy currently valued carrier loss runs (hard copy TPA loss runs required for any account previously written with a self-insured retention)

• Minimum of five years’ historical exposure data

• Property management agreement for any third-party managed units

• Confirmation of the pre-approved third-party administrator including adjuster contact and contact information