Palomar Specialty’s All Risk Coverages are offered on an ADMITTED basis.
Product Overview
Up to $25mm in capacity
Up to $150 million Total Insured Value
Can participate in Primary, Excess and Buffer layers
Entire state eligible
Minimum premium: $1,500
Catastrophe Analysis Fee and Inspection Fee are applied
Guidelines & Eligibility
Target occupancies include condominiums, mercantile/shopping centers, offices, professional buildings, nursing homes / medical facilities, vacant buildings, small municipalities and hotel/motel
Ineligible hazards include accounts with highly damageable contents, BI greater than 30% of TIV, protection class 7-10 and unfavorable loss history
Barrier Island & Beachfront appetite restricted to 2000 or newer construction with limits offered dependent on age and construction type
Must have loss runs
Eligibility for locations more than 150 miles from the coast limited by certain factors
Coverage & Limits
Coverages and Limits will vary by risk and location
