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General Underwriting Information

  1. Commercial and Condominiums:
    1. Building Ordinance:
      1. Age Requirement: Post -1969
      2. Limits:
        1. Coverage A – Building Value not to exceed Policy Limit
        2. Coverages B & C (Combined) – 10% of Real Property Values not to exceed Policy Limit
    2. Business Income: Business Income Worksheet is required when values are greater than 49% of the total values.
  2. Dwellings:
    • Minimum Values: $2,000,000. on Main Dwelling Structure
    • Special Exclusions:
    • Masonry Veneer
    • Fine Arts

    • Code Upgrade
      1. Available on post-1969 construction only
      2. Limit:
        1. $10,000. Basic coverage.
        2. Additional Limits - Upon request
          1. Up to 10% of Building Values on 1970 - 1996 construction
          2. Higher limits available on post-1996 construction
    1. Additional Living Expense:
      1. Subject to 1/12th monthly limitation.
      2. Limit:
        1. Up to 10% of Dwelling Amount Not to exceed $500,000 on Pre-1997 construction and Not to exceed  $1,000,000 on post-1996 construction.