| | Market Spotlight
January 12, 2022 |
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Market Spotlight: Condos Carriers continue to tighten terms and/or reducing capacity in high-catastrophe zones such as the Florida condominium property market. In early June 2021, Amwins, the global insurance distributor, sent out an update on the Florida condominium market stating that insurance carriers are decreasing their presence or exiting the space, with most of the remaining carriers raising prices. Some had added more restrictive size requirements, while still others were tightening their underwriting guidelines. Then the Surfside building collapse occurred in late June 2021, further tightening the market. But for a large portion of the U.S., the habitational market is booming and poised for solid growth. More apartments are scheduled to be completed in 2022 than in any single year - the highest volume on record for the U.S. apartment market in at least 40 years. |
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| Exclusive Real Estate Umbrella Program for Condos, Co-Ops, HOAs. "A" Rated Admitted Paper. Instant Pricing Indications Available. Quote, Bind, Issue, and Invoice all on your own at www.UmbrellaPro.com. You can only access this program through Great Point. It is not available anywhere else. States: All states Offered by: Great Point Insurance |
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| IPC offers highly competitive insurance program for condominium associations. Program includes windstorm, wind-driven precipitation, broad O&L (includes 100% Coverage A), water back up, value guard, earthquake and wind deductible buy down. When retailer has admitted carrier available, IPC steps up with stand-alone coverage for: wind (including wind-driven precipitation, value guard and O&L), wind deductible buy back, and/or earthquake. Everything we do makes it easier for you! States: GA, NC, SC Offered by: Insurance Partners Consortium, Inc. |
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| Apartment Buildings with or without retail, Residential Condominiums with or without retail, Co-ops, Homeowners Associations, Townhomes Lessor's Risk: Office Buildings, Shopping Centers, Mercantile Buildings. Comprehensive Property Broadening Forms. Limits: Up to $20 mil per location. States: Admitted: CA, CT, IL, MA, NJ, NY, WA | Non-admitted: CA, CT, DE, DC, MA, MD, ME, MS, NH, NJ, NY, PA, RI, TX, VA Offered by: Core Programs |
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| We will automatically offer you a quote for a combined Property Damage, Business Income and extra expense with a minimum limit of $5,000,000. We can offer optional combined limits of $10,000,000, $15,000,000, $20,000,000 or higher (up to $50 million). States: All states Offered by: Preferred Property Programs |
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| I know we have the search engine however, who ware the more competitive carriers worth considering? Thanks! by tien.tran.us@outlook.com on Tue Jan 11, 2022 Need auto and home for Big Island in Hawaii. by BENKINS on Fri Jan 7, 2022 Need property and casualty markets for temples with Cemeteries including the professional coverages. Also Monoline property markets for just the cemeteries. by kris.h on Thu Jan 6, 2022 For 4 owners for retention ponds in Tennessee. Commercial lot owners have common property with retention ponds and need liability for that. by seslerc on Wed Jan 5, 2022 Looking for physical damage coverage for an EFOIL which is an electric surboard. by kris.h on Tue Dec 28, 2021 |
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