Coastal Property Insurance

Product Overview

Commercial property owners must protect themselves when their property is near the coast. Hurricane season comes every year. McGowan Risk Specialists has access to many carriers who are able to offer best in class wind coverage for many classes of business. As the market continues to tighten up on most real estate, it’s important to make sure you are getting the best deal for your clients.

ELIGIBLE CLASSES
  • Apartments, Condominiums, Shopping Centers, Hotels, Warehouses, Churches, Office buildings, manufacturing and general real estate
COVERAGES
  • All Risk or Wind and hail only
  • Special Form
  • Multiple Deductible options
CARRIER
  • A.M. Best A rated Carriers. We use brokerage carriers and online in-house raters.
TERRITORY
  • Tier 1 and Tier 2 counties from TX to Maine
  • TIV “Sweet Spots”: $1M-$100M TIV
SUBMISSION REQUIREMENTS
  • Acords, Excel Schedule of Values, 5 year loss runs, target terms and pricing

Download MRS CAT Coastal Property Brochure

CAT & Specialty Property Division Applications

Download: ACORD Application (125)

Download: Checklist

Download: MRS CAT (SOV)

Download: MRS NON-CAT (SOV)

To Obtain Quotes:
A complete submission requires the following:
  • ACORD application (Commercial Section).
  • 3 – 5 years of loss summary for all underlying policies.
  • 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    |    Will Jayne    |    Brian Hogge    |    Scott Rodia    |    Darin McClure    |    Todd Tomlin