ACV with no appraisal

[Jared Minnick]

One building?

First floor complete?

Second floor to be under construction?

Why two policies? Why not one policy with a builder's risk endorsement for the area to be worked on?

Hi,
Yes, first floor complete, but vacant. Second floor down to studs.

Two polcies because I could not get carriers I work with to pick up the BR with the property/GL for various reasons. Zurich did not want the shared common wall, others did not want the age or vacancy, others it did not meet the min premium/appetite. Zurich was willing to pick upo the BR with limited premise liability. so I had to find a vacant property policy seperately.

 

[Al3x Lee]

Hi,
Yes, first floor complete, but vacant. Second floor down to studs.

Two polcies because I could not get carriers I work with to pick up the BR with the property/GL for various reasons. Zurich did not want the shared common wall, others did not want the age or vacancy, others it did not meet the min premium/appetite. Zurich was willing to pick upo the BR with limited premise liability. so I had to find a vacant property policy seperately.

Gotta love the current insurance market

 

[adjusterjack]

The following insurance market may be your solution:

About Us - Nationwide E&S/Specialty (nationwideexcessandsurplus.com)

 

[Al3x Lee]

The following insurance market may be your solution:

About Us - Nationwide E&S/Specialty (nationwideexcessandsurplus.com)

I'd be surprised if the E&S broker he's working with hasn't already tried Nationwide

 

[Jared Minnick]

I'd be surprised if the E&S broker he's working with hasn't already tried Nationwide

Correct. It was with Nationwide prior to sale. non-renewed.

 

[Markthebroker]

Only a single reply so far, paraphrasing - insured lied to other broker/agency.

No way. Not possible. All agents are licensed and 100% ethical.

 

[Allen Trent]

No way. Not possible. All agents are licensed and 100% ethical.

There should be a law against lying about insurance in California.

 

[Markthebroker]

There should be a law against lying about insurance in California.