Property
Endurance Specialty Underwriters focuses on complex accounts and is committed to serve the varied property and casualty exposure needs of our wholesalers and their customers. Applying constant and thoughtful attention to changes in the market, we provide significant market capacity, a consistent underwriting approach and timely coverage responses.
Overview
Many commercial insureds look to the specialty arena to cover their catastrophe exposures. The expertise and experience of our underwriting team, partnered with Endurance's financial strength, provide your retail broker customers and their insureds the advantage of a strong and committed company to serve those needs.
Target Clients
We consider all types of commercial occupancies for catastrophe protection based on the individual risk characteristics. We specialize in risks that are written with multiple layers of coverage provided by multiple insurance carriers. We entertain single location risks as well as large schedules of locations. We consider risks throughout the country including those located in catastrophe prone areas.
Products
Our products include the perils of:
Earthquake
Capacity
- $20M maximum capacity earthquake: All states and areas including: California, New Madrid, Pacific Northwest and Hawaii
Minimum premiums
- All locations excess of PML - $1,500 GPM
- Subject to minimum policy premium of $10,000
- California Primary EQ - subject to minimum policy premium of $50,000 (EQ Zone A & B)/ $25,000 (All Other)
Policy Forms
- We provide Endurance policy forms for the products we offer.
Coverage Features
- We prefer to provide coverage on a single peril or multiple peril basis for earthquake and/or flood. We also can provide Difference in Conditions policies for earthquake and/or flood policies at the discretion of the underwriter.
Underwriting Capabilities
- We can consider primary, buffer or excess of PML capacity depending on the risk characteristics. Our underwriters have the ability to be flexible in providing our capacity and have the ability to participate in more than one layer of coverage.
Submission Requirements
- 5-year loss history
- Statement of values provided in an electronic format to include: address with zip code, construction, occupancy, year built, number of stories, square footage of building(s) and values by coverage
- California single location risks built prior to 1975 require documentation of seismic upgrades for underwriting consideration
- We evaluate insurance to value when underwriting earthquake and flood exposures
Flood – Stand Alone – Other than Zone A
Significant Capacity
- $20M capacity
- Offer primary, buffer or excess capacity
- Subject to minimum policy premium of $10,000
Submission Requirements
- 5-year loss history
- Statement of values provided in an electronic format to include: address with zip code, construction, occupancy, year built, number of stories, square footage of building(s) and values by coverage
Flood – Stand Alone – Zone A
Capacity
- $5-10M maximum capacity
- Primary or buffer
- Minimum deductible is equivalent to NFIP
- Subject to minimum policy premium – $25,000
Submission Requirements
- Need 5-year loss history
- Statement of values provided in an electronic format to include: address with zip code, construction, occupancy, year built, number of stories, square footage of building(s) and values by coverage
- Elevation
- Occupancy
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