CA Home - Brush W/ Losses

[Hefe]

Any suggestions for a home that is about 500 ft from a brush area, with $900k coverage A, that had 2 losses in the last 3 years? I'm in California.

Obviously the standard carriers are out. I've been looking at American Reliable, American Modern, Topa, etc but the dwelling limit exceeds the threshhold for these carriers. Just sent the app to Lexington to see what they say.

 

[djs]

$900K coverage A will stop most carriers that I have that would normally write everything else about this.

You have close to a trifecta here in difficulty. Go ahead and add in its protection class 10???? And on the top of a hill?

Dan

 

[Hefe]

It's PC 3 and on the side of the hill. Out of curiosity, who would you quote for a home with less coverage?

 

[djs]

Depends where it is.
Topa or Foremost, but it will cap at $750K.

I used to have access to (not directly appointed with though) some home carriers that would write virtually anything. They preferred high risk, high value homes ($2M in dwelling and above). For some reason, not a single one of these companies exist anymore, or at least aren't writting new business.

I then got tired of chasing this market

You might find a couple of preferred carriers will still take this risk if you can show enough mitigation and enough other valuable business to support it. A few years ago, wouldn't have taken much, now its much tougher to get them to waive a rule or 2. A lot will depend on the brush factor and what defines brush in this case.

Lexington is probably a reasonable bet for all the factors you have going on with this though. Its an auto decline almost everywhere and the odds of an underwriter passing it through is pretty slim, even if you have some pull. Won't be cheap, but you already knew this


Dan

 

[Hefe]

Thanks, I appreciate the info. It's not something I chase either but I'd like to help this guy if I can.

The worst part is, as soon as the claims fall off, he'll probably go right back to State Farm.