Investor Property Program

Comprehensive Commercial Insurance for Residential Investor Property Schedules

Exclusive Program

Commercial Insurance for Residential Investor Property

Targeting Residential Dwellings (including Student Housing and Apartments)

Package Policy (including Builders Risk and Vacant Coverage Capability)

The Program is
National in Scope
(with Limited Critical CAT)

Denali Exclusive
In-House Underwriting Authority

Coverage Highlights

Commercial Property Coverage

  • Real Property including BI and BPP
  • Equipment Breakdown
  • Limits up to $2.5M any Single Building
  • In-House Authority up to $50M TIV
  • Schedule Credits Available
  • Separate AOP and Wind-Hail Deductibles

Commercial General Liability

  • Premises Liability
  • Products-Completed Ops
  • Personal and Advertising
  • Damage to Premises Rented
  • Medical Expense
  • Hired and Non-Owned

Lines of Coverage

The property line of business is the program’s anchor.

Property Coverage

(i.e., building, business personal property of others, business or rental income, mobile equipment, etc.)

  • Commercial General Liability ($1M/$2M/$2M limits)
  • Stop Gap Liability ($1M/$2M/$1M limits)
  • Employee Benefits Liability ($1M/$2M limits)
  • Hire and Non-Owned Auto ($1M limit)

Coverage Extensions

.

  • Denali commercial property extension endorsement
  • Ordinance or law coverage (sub-limit)
  • Sewer back-up (sub-limit)
  • Debris removal (sub-limit)
  • Vacant risk and renovation coverage
  • Equipment breakdown coverage (sub-limit)

Additional:

  • Earthquake Capacity (options inside of the program)
  • Flood (options outside the program)

Deductible Solutions

.

  • Property: Building and Business Personal Property
  • Liability: General Liability Deductible Low First Dollar Deductible Options

Risk Eligibility

The Program’s focus is on Investor Schedules and REO Properties.
The property must be an: Investment Property

Each structure has no more than: $2.5 Million in TIV

Building must be under:
Five Stories

Favorable 3-year hard-copy:
Loss Runs -or- Signed No Known: Loss Letter

Generally: Non-Critical CAT
Exposed properties and Apartments under 25 Units

Submission Requirements

  • Acord125 Application
  • Additional Acord Application Corresponding to the Requested Line of Business
  • Excel SOV
  • Denali IP Supplemental application o Currently Valued Loss Runs (within 90 days or signed NKLL)
  • Details on Current Placement of Coverage

Insurance to Value

All properties must be insured to the approximate amount of the actual replacement cost (subject to minimum$100 per square foot).

Insurance Limits = Value of Property

Agreed Value Policy Options:
A signed SOV is required when AV is requested. The property must be insured to 100% of its value and coinsurance should be at least 90%.

Blanket Limit Policy Options:
A signed SOV is required when Blanket Limits are requested. The property must be insured to 100% of its value.

Special Conditions

Property

  • Risks in protection 9 or 10 with limits exceeding $250,000.
  • Any building older than 50-years.
  • Older buildings with obsolete construction.
  • Building coverage on properties five stories or more.
  • Coverage for vacant buildings.
  • Earthquake or Flood.
  • Risks in Tier One (if wind is requested).

General Liability

  • A single loss exceeding $100,000 in the past 5-years.
  • Requests for coverage outside the primary scope of program.
  • Requests for per location aggregate.
  • Building undergoing renovations whose cost exceed 50% of their insured values.
  • Renovations other than cosmetic in nature.

Business Not Within Appetite

The Following Entity Types as Named Insureds:

  • Homeowner’s Associations
  • Condominium Owners Associations
  • Contractors
  • Real Estate Developers

In addition:

  • No Publicly Traded Companies
  • No Occupancy Level Less Than 50%

Buildings With:

  • Aluminum wiring that has not been remediated.
  • Mobile home or community park exposures
  • Time-share or short-term rentals (under 12-months).
  • Government or subsidized housing exposures.
  • Swimming pools that have diving boards.
  • Outdoor swimming pools that are not properly fenced.
  • Buildings that are fully or partially owner-occupied.
  • Applicants that are in receivership or bankruptcy.