High Value Homes and Hard to Place
The Program can also entertain hard-to-place risks such as:
- Log construction
- Heritage homes
- Stand Alone Seasonal Dwellings
- Risks with loss frequency
- Risks with multiple mortgages
- Rented and Vacant dwellings
- Absolute & Foreign Ownership
- Unprotected Risks
PROGRAM FEATURES – Coverage, Special Limits, ETC.
Dwelling:
- Minimum Dwelling value $750,000
- Capacity up to $20 million TIV
- All Risk Coverage
- Guaranteed Replacement Cost on building
- Automatic inflation protection increases at renewal
- Rebuilding to Code: No limit
- Debris Removal: No limit
- Fire Department Charges: $2,000
- Food Spoilage $1,000
- Lock Replacement $500
- Reward $500
Detached Private Structures:
- 10% of the dwelling limit
- Basis of Settlement is the same as primary dwelling
Contents:
- All Risk Coverage
- Replacement Cost
- 70% of Dwelling included automatically for contents
- Premium credit available if you choose to reduce limit to 60% or 50%
- 20% Contents Extension: Your clients automatically have 20% of the highest amount of contents coverage listed in the policy for another location that they live at, rent or own
- Students away from home: Automatically covered