Thecommercialaccountsnobodyelsewants.
Real estate schedules, older buildings, loss histories, surplus lines. Property is most of what we place, and none of it prices itself.
What we take on
The accounts other brokers hand back.
Easy accounts get insured by anyone. These six are the hard ones, and they are most of what we do.
Nobody has rechecked what each building is worth in years. The list just gets rolled over at every renewal.
What we do
We value them again, one building at a time. If a building is insured for less than it costs to rebuild, the insurer cuts every claim at that address — and you only find out after a fire.
Who we work with
Different sectors, different things that go wrong.
Old buildings insured for less than it now costs to rebuild them.
Check your own policy
Pull your policy out and follow along.
Every one of these takes about two minutes to verify on your own declarations page. Pick a line and we will tell you where to look and what you are looking at.
Would the policy actually pay to rebuild?
- Where to look
- Declarations page, the Building limit line
- What it says
- A single dollar figure next to the property address
- What goes wrong
- Compare it to what a builder would charge today. If it has not moved in three renewals, it is behind, and the coinsurance clause turns that gap into a cut on every claim.
When to pick up the phone
A business policy is rated on facts that change faster than the paperwork does. Any of these is worth a call before renewal comes round.
Common questions, answered