SECU Product Summary

Directory:

• Homeowners Markets
• High Value Homeowners
• Commercial Property
• Flood Primary & Excess
• Condominium Unit Owners
• Wind Deductible Buydown
• Contractors Equipment
• Builders Risk
• Other Inland Marine

Homeowners Markets:

• Territory: South Carolina
• Limit: Min TIV: 250,000 Max TIV: 3,000,000
• Occupancy: Primary, Secondary, Rentals including seasonal
• Distance to Coast Restrictions: None
• Deductibles: 2%-5% Named Storm or Wind & Hail; 2% -5% Earthquake; 2,500 AOP

High Value Homeowners:

• Territory: All 50 States considered
• Limit: Min Dwelling: 1,000,000 Max TIV: 10,000,000-18,500,000 depending on state
• Occupancy: Primary, Secondary, Rentals including seasonal
• Distance to Coast Restrictions: None
• Deductibles: 2%-5% Named Storm or Wind & Hail; 2% -5% Earthquake; 2,500 AOP
• Liability: High profile insureds considered on case-by-case basis

Commercial Property:

• Territory: South Carolina
• Limit: Max TIV: 10,000,000 - In-house authority up to 5,000,000
• Distance to Coast Restrictions: None
• Deductibles: 2%-5% Named Storm or Wind & Hail; 2% -5% Earthquake; 2,500 AOP

Flood Primary & Excess:

• Territory: All 50 States considered
• Occupancy: Personal Residential & Commercial Property
• Distance to Coast Restrictions: None
• Replacement Cost given on personal property including BPP
• Loss of Use coverage available
• Policy meets the definition of private flood insurance contained in 42 U.S.C. 4012a(b)(7) and the corresponding regulation
• No waiting period

Condominium Unit Owners:

• Territory: South & North Carolina (excluding outer banks)
• Limit: Min TIV: 10,000 Max TIV: 500,000
• Occupancy: Primary, Secondary, Rentals including seasonal rentals
• Distance to Coast Restrictions: None
• Deductibles: Min 1,000 including wind, flood and earthquake
• All Risks Include Flood unless 1st Floor V Zone

Wind Deductible Buydown:

• Territory: All 50 States considered
• Occupancy: Personal Residential & Commercial Property
• Distance to Coast Restrictions: None

Contractors Equipment:

• Territory: All 50 States
• Limit: Max TIV 10,000,000; Target 500,000 any one scheduled item (can consider higher limits upon request)
• Class: Contractors or individuals who own, lease, or borrow construction equipment used in their business
• Ineligible Classes: Recycling, Logging or Mining

Builders Risk:

• Territory: All 50 States considered (Texas – Commercial Only)
• Limits: Up to 20M Superior Construction – 15M Frame Construction – 10M Renovations
• Target Occupancies:
  • Single Family/Custom Homes, Condominiums, Townhomes, Residential Renovations, Light Commercial Buildings
• Barrier Islands & Beachfront acceptable
• Peril: All Risk
• PC Class 1-8 desired – 9-10 can be considered
• No mid-term projects or projects more than 25% complete
• Can consider Quota Share on projects over max TIV

Other Inland Marine:

• Installation floaters (can be written with contractors’ equipment) 
• Property floaters
• Specialty floaters
• Bailee / Warehousing coverage
• Other coverages available upon request

Contact Us to Learn More