CAT Property Insurance

Product Overview

Eligible Classes

  • Apartments
  • Condominiums
  • LRO
  • Office
  • Retail
  • Restaurants
  • School
  • Municipalities
  • Manufacturing
  • Warehousing
  • Hotels
  • Vacant Buildings
  • Student Housing
  • Subsidized Housing
  • Senior Living
  • Hospitals
  • Governmental Buildings
  • Builders Risk

Coverage Overview

CAT Property- Greater than $5M TIV

  • Eligible Classes – all classes, all construction, all occupancies
  • Coverages – AOP and wind, wind only, wind deductible buybacks, terrorism, B&M, builders risk
  • Up to $250 M TIV Capacity Per Location
  • Loss Limits Available
  • All Risk or Wind-Only Options
  • AOP/Wind Deductible Buybacks
  • Captive Programs
  • Program Capabilities for Large TIVs
  • Equipment Breakdown
  • Minimum Premium – $10,000
  • Large Layered placements

CAT Property- Less than $5M TIV

  • Eligible Classes – over 75 different occupancy classifications, all tier 1 &2, all except EIFS construction
  • Coverages – AOP and wind, wind only or AOP only, terrorism, B&M
    • In-House Rating Capabilities
      • 2 Business Day Turn Time in Most Cases
    • All Risk or Wind-Only Options
    • Multiple Deductible Options
      • Building, Location, or Risk
    • Full-Wind Market Access
      • Over 100 Classes of Business
      • Vacant Property
      • New Purchases—No Previous Loss History – Builders Risk Coverage
      • Prior Losses OK (With Repairs Completed)

Carrier:  A.M. Best “A”  Rated or Better

Territory:  Nationwide

CAT & Specialty Property Division Applications

Download:  ACORD Application (125)
Download:  Habitational Questionnaire
Download:  Checklist
Download:  MRS CAT (SOV)
Download:  MRS NON-CAT (SOV)

To Obtain Quotes:

A complete submission requires the following:

  1. ACORD application (Commercial Section).
  2. 3 – 5 years of loss summary for all underlying policies.
  3. Supplemental applications (at the underwriter’s discretion).

Please submit to: ajames@mcgowanrisk.com

To Bind Coverage:

  1. A written request to bind.
  2. A signed ACORD submission.
  3. 3 years of loss runs for all underlying policies.
  4. Supplemental applications (at the underwriter’s discretion).

Contact:
Austin James (FL)
Tracy Larson              Stephanie Kramer            Carla Carroll