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Property

When it comes to property coverage, we’ve seen (and written) it all. Commercial Property accounts and packages are where we started. Our surplus lines property knowledge base and experience is among the best around – try us first and see for yourself.

Commercial Property

Basic, Broad, or Special? We know it’s never that simple. We have endless capabilities when it comes to customizing property solutions. An analysis of underwriting information, loss history, and target premiums will point us in the right direction for finding a market for your risk. Much of what we do is with in-house MGA binding authority, but we have access to many of the major property brokerage markets for large schedules.

Submission Requirements

  • ACORD Property application (or carrier specific property application)
  • Property Supplement (applicable by class) & complete COPE information
  • 5-year Loss Runs – details on losses & current status

Highlights

  • Full Value/Primary/Excess Programs
  • Layered/Quota Share Programs
  • DIC/Single Peril Policies available
  • Property Enhancement forms available

Target Classes

  • Coastal Exposures
  • Habitational
  • Lender Placed, Distressed, or Unprotected Risks
  • Condominiums
  • Hotels/Motels
  • Restaurants/Taverns/Bars – spoilage exposure OK
  • Manufacturing
  • Real Estate Schedules
  • Mercantile
  • Nightclubs & Gentlemen’s Clubs
  • Vacant buildings

Wind Only or Wind Deductible Buyback

Writing coastal, wind exposed risks is getting tougher every year. But we have solutions! We can write a “Wind Only” policy (i.e. Wind as stand-alone) – ideal for risks placed with the admitted markets that exclude the peril of wind. Just buy a separate wind policy!

We can write a Wind Deductible Buydown policy – ideal for risks whose property policies do cover the peril of wind, but have a high wind deductible. Buy it down!

Submission Requirements

  • Wind application (for wind only) or Wind Deductible Buydown application (for wind deductible buydown)
  • Copy of primary property policy showing wind deductible and limits
  • 5-year loss runs

Highlights

  • No minimum premium
  • No limits on TIV values
  • Competitive rates
  • Can buy wind deductibles down as low as $10,000

Target Classes

  • Coastal habitational risks
  • Ground up, rehabs, and renovations OK
  • Commercial Risks that are wind exposed
  • Accounts placed with the standard market w/o wind coverage

Flood & Excess Flood

Don’t like your flood insurance premium? We can write primary and excess coverage. Our primary flood coverage is London-based paper, competes with NFIP, and has no limits restriction like the NFIP. Our excess flood coverage is available from domestic and London-based carriers, sits over NFIP/other carrier flood policy, and provides a balance of TIV limit not covered by the primary flood policy.

Submission Requirements

  • Flood application (for Primary Flood)
  • Excess Flood questionnaire (for Excess Flood)
  • Copy of primary flood terms/policy if applying for excess
  • Flood certificates and inspections

Highlights

  • No limits on TIV Values
  • Very competitive rates
  • DIC Policies available for very large accounts (click here for our DIC page)
  • Excess will sit over NFIP or other carriers’ flood policy

Target Classes

  • High-value accounts
  • Coastal habitational & commercial risks
  • Homeowners accounts
  • Risks built on stilts or over water considered
  • Ground up, rehabs, and renovations

Auto Physical Damage

Physical damage insurance coverage is for anyone who needs to provide physical protection to their vehicle. If your insured’s car or truck is still under a lien, for example, because the loan is not fully paid, they should protect it with physical damage insurance if not picked up by another policy.

We offer both “named perils” or collision and comprehensive. The collision portion of the insurance coverage pays for repairs and replacement if the car is ever in a physical crash. Adding comprehensive coverage for autos that have outstanding loans protects the vehicle against any other damages that might arise, such as theft, falling objects, etc.

Submission Requirements

  • Auto Physical Damage application
  • 5-year Loss Runs
  • Company information (brochure, website, etc.)

Highlights

  • Deductibles start at $1,000
  • Coverage can be named perils or comprehensive & collision
  • Written on ACV basis or stated amount

Target Classes

  • Exotic automobiles
  • Delivery trucks and vehicles
  • Limousine or livery services
  • Taxis – individual or fleets
  • Long-haul trucking risks, Semi’s

Dealers Open Lot

Your Auto Dealer risks can rejoice! Open Lot coverage is available for dealers and non-dealer organizations.

A Dealer’s Open Lot (DOL) policy provides physical damage coverage to a dealer’s covered vehicles and equipment. DOL will provide coverage for loss or damage to your autos in inventory and this insurance protects against collision, comprehensive, and specified causes of loss coverage. Covered vehicles include autos, pickups, minivans, and SUV’s under the dealer’s care, custody and control and can be classified in the inventory as used, new, demonstrators, or service vehicles.

Submission Requirements

  • Dealers Open Lot application
  • 5-year Loss Runs
  • Company information (brochure, website, etc.)
  • Must include information about premises protection (fencing, lights, etc.)

Highlights

  • Minimum premium $750
  • Deductibles start at $1,000
  • All risk coverage available
  • Written on a non-reporting form basis

Target Classes

  • Franchised dealers
  • Independent dealers
  • Repair & Service facilities with open lot exposure

Garage Keepers Legal Liability

A Garage Keepers Legal Liability (GKLL) policy can provide comprehensive coverage for a customer’s vehicle for which the insured is legally liable. Repair garages, service shops, and valet operations are responsible for vehicles in the care, custody, and control and a GKLL policy can help mitigate this exposure. Other risks with valet exposures such as restaurants, private clubs, and entertainment venues can also benefit from a GKLL policy if there are gaps in their current insurance solution.

Submission Requirements

  • Garage Keepers Legal Liability application (or Garage application if it contains GKLL info)
  • Must include info about premises protection (fencing, lights, etc.)
  • 5-year Loss Runs

Highlights

  • Minimum premium $1,000
  • Covers the insured’s “bailees exposure”
  • Coverage for fire, lightening, explosion, theft, collision & riot/civil commotion
  • Vandalism & malicious mischief is included on our form

Target Classes

  • Auto/truck/motorcycle dealers with service facilities
  • Vehicle repair & service shops
  • Valet services & those with valet exposures (clubs, restaurants, etc.)

Warehouseman’s Legal Liability

Storage facilities have certain obligations when customers’ belongings are under their care, custody, and control. Warehouse owners and operators can be held liable if the goods being stored are destroyed, damaged, or stolen. Make sure your clients protect their businesses with a WHLL policy offered by DeCotis.

Submission Requirements

  • ACORD application (or carrier specific property application)
  • WHLL supplement
  • Bill of Lading where applicable
  • Submission must contain complete COPE information on premises
  • 5-year Loss Runs – details on losses & current status
  • Any additional information or narratives about the account are always helpful

Highlights

  • Competitive terms
  • Layered/Quota share programs

Target Classes

  • Storage facilities
  • Refrigerated warehouses
  • Commercial warehouse risks
  • Distribution centers