Transitional Homeowners - A Path to Coverage for Homeowners Forced Out of Standard Markets
New Product Now Available!
Quote in peteRATER+ Homeowners Product Guide (PDF)
Surplus Lines HO3 for Well-Maintained Homes
In today's market even responsible homeowners can get pushed out of the standard markets... often for bad luck! This Concorde-designed surplus lines homeowners product can be a path to coverage for well-maintained homes aged 25 years and newer facing challenges with loss frequency / severity (especially wind, hail and water), risk location or carrier withdrawal, until they again qualify for a preferred HO3.
Product & Eligibility Highlights
- Surplus Lines HO3 Coverage with Replacement Cost
- Homes Valued $250,000-1,000,000 ($1,800,000 TIV)
- Broad Claims Appetite - Up to 3 Losses or $300,000 Paid
Any Fire Loss Ineligible - Homes 25 Years and Newer with a Roof 20 Years or Newer
- Owner and Seasonal/Secondary Occupancies Eligible
- All Protection Classes Eligible (PC 1-10)
- Broad Ownership Appetite - Individual, Trust, LLC & Partnership Eligible
- Online Quote, Pay & Bind with Automated Renewal Process
- Direct Billing on All Accounts with EFT Payment Options
The Process... From Quote to Bind!
- Quote online in peteRATER+
- Make a Payment online in peteRATER+ to issue the policy.
- Applications and Affidavits are loaded immediately into the quote's documents folder in peteRATER+ after payment is applied. Send signed forms to: submissions@cgains.com
- Policy Declarations are mailed to the insured and emailed to the agency in about 1-2 business days.
This product does not compete with admitted markets. Agents will need to comply with surplus lines guidelines for their state.
Questions?
We're here to help! Give us a call or book a time for a personal product tour.