Property

MAXIMUM Property Limits Including WINDSTORM OR HAIL

THE MAXIMUM AVAILABLE LIMIT on any one risk, for all Section I exposures, with WIND OR HAIL is $1,250,000. This includes coverages for ALL Buildings, Your Business Personal Property and Business Income.

MAXIMUM Property Limits Excluding WINDSTORM OR HAIL

THE MAXIMUM AVAILABLE LIMIT on any one risk, for all Section I exposures, excluding WIND OR HAIL is $1,250,000. This includes coverages for ALL Buildings, Your Business Personal Property and Business Income.

EQUIPMENT BREAKDOWN COVERAGE INCLUDED

Every policy covering property (Buildings or BPP or both) automatically includes coverage for damage caused by such perils as artificially generated electrical current, mechanical breakdown, pressure equipment losses and more.

The following is just a sample of the type equipment that can be protected by equipment breakdown coverage:

• Heating and air conditioning units
• Refrigeration units
• Computers
• Communication equipment
• Emergency Generators
• Diagnostic equipment
• Electronic equipment

Policy Forms & Rates

Insurance Service Office and GIC rules, Loss Cost Rates and Forms apply in all cases.

Territory

State of Florida ONLY

Hurricane Warning

Coverage and boundary rules

National Board Protection

The published NB grading for the town in which a risk is located will generally be appropriate. Very often, however, buildings in isolated parts of the town or newer sections will not be as well protected, as the town grading would indicate. When in doubt, assume less in the way of protection and use the next highest range of NB grading. In absence of confirmed information to the contrary, always assume that rural risks or risks in unrated towns fall in NB 9 or NB 10.

Construction

Frame
Buildings where the exterior walls are wood or other combustible materials including construction where combustible materials are combined with other materials such as brick veneer, stone veneer, wood iron-clad, stucco on wood.

Joisted Masonry
Buildings where the exterior walls are constructed of masonry materials such as adobe, brick, concrete, gypsum block, hollow concrete block, stone, tile or similar materials and where the floors and roof are combustible.

Non-Combustible
Buildings where the exterior walls and the floors and roof are constructed of, and supported by metal, asbestos, gypsum or other non-combustible materials.

Fire-Resistive
Buildings where the exterior walls and the floors and roof are constructed of masonry or fire resistive materials.

AGE CRITERIA FOR BUILDINGS

Coverage for buildings over 50 years old will be unacceptable, unless an evidence of updates for heating, cooling, electrical and plumbing systems are included with submission.

ROOF AGE CRITERIA FOR BUILDINGS WITH WIND COVERAGE

Buildings over 25 years old- Evidence of roof replacement will be required upon binding.
Acceptable evidence: Roofing permit.

Back to Contents