Key Features:
- Dwellings scheduled on One policy
- No restriction on maximum number of dwellings
- Various property deductible options available: $500 - $25,000
Scheduled Dwelling:
- 10 or more dwellings
- Property and Liability
- Acord Form Applications
- 3-year loss experience
- No owner occupancy
Preferred:
- 60 years or newer
- Over 60 years with wiring, roofing, plumbing and heating updates
- Above average or better condition
Coverages Available:
- Premises Liability
- Building
- Business Personal Property
- Business Income including Extra Expense
- Inland Marine
- Crime Coverage
Liability Limits Available:
- $100,000, $300,000 or $500,000 Premises Liability
- Aggregate Limit 2x
Coverage Options:
- ISO Forms
- Actual Cash Value
- Replacement Cost (buildings 30 years or newer)
- Coninsurance options 50% to 100%
- Basic Form, Broad Form, Special Form
Pricing:
- Commercial ISO Pricing
- Flexible pricing available (up to 25% credit/debit available)
Deductible Options:
- Property Minimum $500
- Property Maximum $25,000
- Separate Wind/Hail Available
- No GL Deductible
Restrictions:
- No "Tier One", unless Wind/Hail Excluded: (contact PLC@ramsgateinsurance to determine if Tier One)
- ISO Form Excludes Flood
- Vacant Bldgs with no prospect of occupancy
- KY-MO-WV E&S only
Inspections:
- At Inception
- At Underwriters Discretion
Photos:
- Within 30 days of bind or with inspection
Billing:
Ineligible Risks:
- Condition: Un-repaired damage, excessive debris on premises, condemned, broken/boarded up windows
- Construction Type: Manufactured Homes (Mobile), Earth or Dome Homes, Row Homes, Attached to/Converted Commercial, Town Homes, Hand-Hewn Log Homes, Unusual Construction, Rolled Flat or Tin Roofing, Open Foundation, Condominiums, Open Pier/Stilt Homes
- Location: Isolated/inaccessible by road, Landslide area, Forest or Brush Fire Zone, Within 1,000 ft of rising water or flood area
- Applicant: Past conviction of arson or fraud, Home in foreclosure or 60 days past due, unemployed
- Liability: Swimming pools, Vicious dogs or Exotic Pets, Previous Animal bite incidents, Lead paint exposures
- Other: Kerosene or portable space heaters, Knob and Tube wiring, Underground fuel tank on premises, Fraternity, sorority or student housing
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