Has anyone seen any of the new E&S HO policies lately? Yuk!

[NY independent]

In NY, HO1 or 2 only (no HO3), ACV only, any wind/hail deductibles of 10%, liability limit cap of $100K with a $5k ded, warranties galore (locked house, heat on 55, no vacancies, CS alarm, no construction work, no electric cars allowed in garage), AOP deduct of $10K, underwritten for trees (wind knocks down trees into house), 10 year old roof or newer, one family only, etc. I'm not talking coastal here or those with prior claim history. Premiums for $475K coverage A with above terms is around $6K. The lenders are not going to like these. For those that don't know, HO markets are pretty much baron here (NY) these days. Most carriers are on a moratorium with several in runoff. Bad times......

 

[Al3x Lee]

ACV only

*Exhales* ..So it begins...

 

[adjusterjack]

HO markets are pretty much baron here (NY)

Did you mean "barren"?

Like a vast wasteland?

 

[marindependent]

*Exhales* ..So it begins...

ACV Alex is running for the Commish in CA, perhaps he can run in NY too.

@NY independent - sounds like a swell policy.

 

[marindependent]

Did you mean "barren"?

Like a vast wasteland?

No - he meant British Nobles here. Of course he did.

 

[ehall2]

If you consider an E&S policy you better read it from front to back. There are usually restrictions that aren't in admitted policies.

 

[Al3x Lee]

If you consider an E&S policy you better read it from front to back. There are usually restrictions that aren't in admitted policies.

Yes, that's the entire crux of this post

 

[Markthebroker]

ACV Alex is running for the Commish in CA, perhaps he can run in NY too.

@NY independent - sounds like a swell policy.

Let's just stop pussyfooting around about this, and just make Alex our new president.

I've get about $0.15 in my paypal account I can send him towards kickstarting his campaign.

 

[Markthebroker]

For those that don't know, HO markets are pretty much baron here (NY) these days.

I'm over here in Ca, but ok. Whatever you say. I don't know enough about the NY market to argue.