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Apartments - USLI

Product Advantages
  • No general liability deductible
  • Expanded definition of bodily injury
  • New ventures eligible
  • Eligibilty Criteria
  • No cap on building height
  • Up to 500 total units
  • Property limits up to $3,000,000
  • No minimum rental rate
  • No more than town losses or claims per coverage part in past 5 years for liability 3 years for property
  • Ineligible Risks
  • Buildings with aluminum or knob & tube wiring
  • Buildings without fully functioning smoke detectors in every unit and all common areas
  • Buildings without 100% wiring on circuit breakers
  • Risks with armed security guards
  • Risks with swimming pools that have slides or diving boards
  • Risks with less than 70% occupancy rate
  • Risks with wood burning stoves
  • Risks with student and subsidized tenants
  • Risks with tax liens
  • Rooming or boarding houses
  • Location with age restrictive covenant
  • Available Limits
  • Frame property up to $1,000,000
  • All other construction up to $3,000,000
  • No protection class 9 or 10
  • Coastal zones and Florida up to $250,000 wind exclusion applies
  • Liability limits up to $1,000,000 / $2,000,000
  • Submission Requirements
  • Our completed application - must be signed by the insured to bind coverage
  • Representation of losses for the past three years or as long as insured has been in business
  • Toll Free Fax: (888)335-6615
    E-mail: service@braishfield.com