Universal Property & Casualty Homeowner's Now Available!
We are pleased to be working with Universal Property & Casualty's Homeowner's program. They offer a full range of homeowner's products including HO2, HO3, HO4, HO5 and HO6. We currently have their products available in Delaware, Florida, Georgia, Indiana, Massachusetts, Maryland, Michigan, Minnesota, North Carolina, Pennsylvania, South Carolina and Virginia. Availabliltiy in Wisconsin and Illinois should be coming soon.
This is a non-credit scored, standard homeowner's market seeking quality homes where the condition is above average and market value is at least 70% of replacement cost. Each home is inspected and then reviewed by company underwriters. They will write homes with daycare operations as long as the daycare has its own policy. Primary residences and seasonal/secondary residences can both be written.
If you are looking for a new or alternative homeowner's market, give this one a try! Call us to get set up. You are able to quote it yourself in Michigan.
Personal Umbrella - Cover Your New Driver Exposure
Fall means many exciting events are starting up again. Kids are headed back to school which means many new drivers are on the road headed to and from school and related activities and sporting events. These new drivers represent a large liability exposure for your clients. Are their families adequately covered?
We have a market that will cover the excess liability on family risks with new drivers and several umbrella markets to protect your clients from these types of losses. In particular, USLI makes it very easy for you to quote an umbrella for an insured by calling in the request to their instant quote hotline, 888-875-5230. Give it a try today!
Are Your Clients Entrepreneurs?
If so, they might need a Home Based Business policy. Did you know that two out of every three people who run a business or hobby out of the home do NOT have adequate insurance? Most homeowners policies are not designed to cover losses from the business.
Consider the following that may not be covered by a homeowners policy:
A DJ at a birthday party has $4,500 of sound equipment stolen.
A representative for Pampered Chef has $2,700 of inventory in their home. The inventory is destroyed when a fire damages the home.
A teacher tutors children in math throughout the year. A student trips and falls at the teacher’s home resulting in injuries. The parents sue the teacher for $42,000.
A person sells crafts at regional craft shows throughout the year. An attendee slips over the display and falls into the neighboring booth. The attendee has $10,000 in injuries and the person in the next booth has $3,500 in damaged inventory.
A fire occurs at your home and damages your $7,500 LuLaRoe inventory. Your homeowners policy will exclude coverage because the inventory is business personal property, but we can provide up to $100,000 for on-premises business personal property.
A Home Based Business policy can provide the right coverage. With average rates of $300, your clients cannot afford not to insure their businesses!
New Carriers/Products in 2019!
This has been a busy year for us on the company contract side! We’ve been very pleased to announce several new carriers and expanded lines in our territory since the beginning of the year. Here’s a synopsis of what new items are available to you:
Chubb - Small Commercial – In March we were fortunate enough to gain access to Chubb’s small commercial programs. GL, Property, Cyber and Work Comp can all be quoted through Chubb. Just send us the Acord forms for the coverages you are seeking and we can get quotes worked up for you here.
Crum and Forster – In June we announced that we have a new surplus lines carrier option for GL and Package submissions through Crum & Forster. They specialize in smaller commercial risks, including some classes that are a little harder to place through standard markets.
GuideOne – Late last year GuideOne released their GO BOP program for small businesses. We have the ability to quote/issue many classes of main street type businesses with this new program. Just this month they have also released their new GO COMP program for small business work comp. We can work off of Acord applications for both programs.
SolePro – Recently, we released access to SolePro, a company that specializes in work comp for small businesses with no, or few, employees. Ghost policies, where sole proprietors exclude themselves from coverage, are their specialty. As one of our partner agencies, you can have access to quote and issue these policies online. Call us if you would like access!
Tower Hill Specialty – Tower Hill Specialty continues to expand their suite of personal lines property products into new states. We now have access to a variety of their products in AL, AR, AZ, GA, IL, IN, MO, MS, OH, SC, TX, and WI. We expect a couple of their products to be released in Michigan later this year. As long as you hold a resident or non-resident license in any of these states you can be set up to quote and issue policies online. We can also quote and issue for you. Contact us with questions about how to do either one.
Universal Property and Casualty – OK, while this is not a new product or state, it is something many agents have been seeking – the ability to quote and issue their homeowner’s policies online. We are excited to tell you that this option has just become available! If you would like access, please contact our marketing department.
That’s already a lot of good news for you as an agent, but keep watching for new announcements. We are currently in talks with other carriers about bringing even more for you to offer!