Embed Size (px)
Citation preview
Lloyds of London Homeowners Dwelling Fire
Marcy TaboraPersonal Lines [email protected]
Vanessa ReddishPersonal Lines Account [email protected]
Our Presenters
AGENDA Program appetite
Homeowners, Dwelling Fire What type of risks we write
How to Quote / How to Submit Options available Account Managers role
How to bind coverage What to send & where to send it
What happens after you bind? Policy set up Inspection process – what we review
Q&A
Homeowners Program Coverage A $100k / TIV maximum $2mill All Protection Classes offered More competitive rates HO3 & HO8 policy forms available Multiple Losses / Lapse in Coverage acceptable Offer customized options based on risk All Counties in California considered for quoting
Dwelling Fire Program Coverage A $50k / TIV maximum $2mill Vacation Rentals / AirBNB / Tenant occupied Replacement Cost on contents available All Protection Class acceptable More competitive rates Property Manager as an Additional Interest All Counties in California considered Increased Other Structure coverage offered
What type of risks can we write? Seasonal / Secondary on HO form available Properties in name of LLC, Trust, Corporation
Lower Value homes with good maintenance Property on Post & Pier / Property on slope Log Homes, Dome Homes, and Hobby Farms
Risks on large acreage (personal use only) Private Lenders acceptable Single Family up to 4-plex
Older Homes with acceptable updates and maintenance Woodstoves Risk with discharged bankruptcy (3 years)
Multiple Losses of same type (underwriting approval)
Question 1 Question – What is the minimum
Coverage A amount we will write in our Homeowners program?
Answer – 100k
How to Quote / How to Submit P.U.R.E. Rater:
Self-register site Quote and submit Dwelling Fire and Homeowners Account Manager approves risk Application, D1, Quote sheet and financing agreement available to print
FSC Rater Users: New lower rates available 6/1/18 Abram Interstate – Lloyds – DP3 #678 Abram Interstate – Lloyds – HO3 #521
Express Rater Users: Homeowners Rates available Dwelling Fire – Coming Soon
Or submit an ACORD application to [email protected]
Account Managers Role New Submissions reviewed for the follow:
Review application for complete information to approve a rate Review risk location address online Updates listed for roof, electrical, plumbing, wiring Protection Class reviewed – station distance, hydrant Occupancy, Dwelling Type, Coverage confirmed Order Clue reports Review previous fire history
Risk Meter ordered Determine the best market & price for the risk
How to Bind: Send request to [email protected]
Include signed application & Signed D1 form Premium payment (unless paid by lender) Any additional supplemental forms we requested Finance Agreement (if applicable) Any special instructions on the email
Then what? We will process the bind request and send you confirmation of the bind with
policy number via email An inspection report will be ordered within the first 72 hours of binding. We
send an email to advise your office. If any documents were missing with your bind request, we will email for
those missing docs to prevent cancellation.
Question 2 Question – What is the email address
you use to send quote requests? Answer – [email protected]
Inspection Process: What we look for:
Brush clearance around property and Other Structures Trees are trimmed back from roof line and no overhanging Dead trees are not present near structures in brush zones Propane tanks are cleared of vegetation on or around the tank Roof is cleared of debris, moss build up, pine needles, gutters clear Condition of property upkeep looks good – care of property maintained Wood piles moved away from residence and not stacked on side of house No appliances, junk, debris in the yard & around the property (curb appeal)
85% of the areas of concern on an inspection are able to have corrected action allowing coverage to continue.
Q&A
