Insurance Survey
 
 

Crittenden Insurance Program Directory

Find coverage for Commercial Real Estate in Crittenden’s Insurance Program Directory, the source for up-to-date information on 1,600+ programs, searchable by coverage, class, territory and carrier.

Insurance Program Results

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Roof Claims Drive Property Pricing, Coverage Exclusions

Hail claims, an aging infrastructure and several unfavorable court rulings in the past five years will push carriers to exclude or tighten underwriting coverage for roofs within commercial property policies. Several court rulings during the past five years have pointed out the vagueness of language in insurer’s policies regarding claims of roof damage, and lawyers will now commonly go to bat for insureds in pursuing related property damage claims.

A sizable number of hail claims last year give rise to concerns that aging properties will be more susceptible to weather-related damage. Most insurers have developed or will add endorsements that exclude several types of repair from policies. Typically carriers will refuse to pay for the replacement or repair of overlaid roofs, replacement or repair of cosmetic damage, and claims filed outside a defined period following a storm. These new provisions will also specify how the roof in question will be valued. A recent study found that the majority of insured roofs are reported as newer than they actually are. This misreporting costs an estimated $2.5 billion industry wide per year.  (1/19/15)

 

Home Inspectors Insurance

Administered By: OREP

Distribution: Program Administrator

Industries:

Commercial Real Estate, Home Inspectors/Inspections, Real Estate Agent/Broker, Real Estate Appraiser

Carriers: Hanover Insurance Group Inc.

Coverage: E&O, Garage Liability

Limits: up to Call for Limits

Real Estate / Habitational

Administered By: Tokio Marine Specialty Ins. Co.

Distribution: Carrier Direct

Industries:

Apartments, Commercial Real Estate, Habitational, Real Estate Investment Trusts (REITs), Vacant Property

Carriers: Philadelphia Indemnity Insurance Co., Tokio Marine Specialty Insurance Co.

Coverage: Commercial Property, Equipment Breakdown, General Liability, Property

Limits: up to - $1 million (Commercial General Liability or Products only. *Additional Insured by written contract.), up to - $25 million (Environmental & Excess Casualty), up to - $10 million (Commercial property, per risk)

Retail & Wholesale Goods

Administered By: Crum & Forster (A Fairfax Co.)

Distribution: MGA

Industries:

Auto/Car Dealerships, Commercial Real Estate, Party Goods, Restaurants, Retail, Retail (Convenience Store)

Carriers: Crum & Forster Indemnity Co., Seneca Specialty Insurance Co.

Coverage: Auto Liability , Crime, Employment Practices Liability (EPL), Equipment Breakdown, General Liability, Inland Marine, Property, Umbrella/Excess, Workers' Compensation

Limits: Call For - Limits

Specialty Property

Administered By: Hallmark Financial Services

Distribution: Direct/Broker

Industries:

Churches/Religious Institutions/Organizations, Commercial Real Estate, Education & Nonprofit, Habitational, Healthcare Systems, Hospitality (Hotels/Motels), Manufacturers/Manufacturing Risks, Municipalities/Government Bodies, Stage Risks

Carriers: Hallmark Specialty Insurance Co.

Coverage: Commercial Property, Excess

Limits: up to $5 million (In-House. Higher Available.)

Umbrella/Excess Liability

Administered By: Arrowhead Group

Distribution: MGA

Industries:

Auto Service and Repair, Builders Risk/Home Builders, Colleges & Universities, Commercial Auto, Commercial Real Estate, Commercial Real Estate (Industrial), Commercial Real Estate (Mining/Utilities), Commercial Real Estate (Office), Commercial Real Estate (Retail), Directors & Officers (D&O), Habitational, Hospitality (Hotels/Motels), Manufacturers/Manufacturing Risks, Municipalities/Government Bodies, Private/Charter Schools, Retail, Schools, Schools (Adult Education), Warehouses

Carriers: AIG

Coverage: Directors & Officers (D&O), Excess, Umbrella/Excess

Limits: up to $10 million ((Primary)), up to $15 million ((Excess))