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Complex Property Risk
A new in-house, property binding facility for complex, even regular accounts that are hard to place, due to size, class, location or uniqueness. Coverage is available across Canada.
We offer creative underwriting of these "grey area" risks with Broad Form wordings, including Flood, Earthquake and even Terrorism, available as required. An Extension of Coverages Endorsement may be included on the majority of accounts.
Capacity for niche property accounts, especially in remote areas, is becoming more of a challenge, and this new Pool will write risks 100% stand alone, or as a subscriber on accounts led by other domestic, Lloyd's or international companies.
A capacity of $12mm in-house binding with domestic and Lloyd's markets, and additional limits to over $30,000,000 any one risk available.
The list of occupancies acceptable is far ranging, and if a risk is not acceptable in the Pool, alternative markets are available. Deductibles, SIR's, rating and form are negotiable, and will be handled by our most senior property specialists. This enhances Totten Insurance Group's ability to place larger property / multi-peril accounts, and high limits of Primary and Excess liability for placement of the total account.
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