Homeowners And Condominium Unit Owners
Our Homeowners (HO3) and Condominium Unit Owners (HO6) coverages are among the broadest available in the admitted and surplus lines markets today. Now you can worry less about your E&O exposure when you find the need to move a client’s homeowners coverage from the Standard Market to Surplus Lines.
Coverage is available for Homes from $100,000 to $10,000,000 (Total Section I)
Programs and Appetite
HOMEOWNERS HO3 (Primary & Secondary)
Limits: $100,000 (HO3) to $10,000,000 – higher limits available
CONDO HO6 (Primary & Secondary)
Limits: $10,000 to $10,000,000 – higher limits available
STERLING DP3 INCLUDED COVERAGES
- $1,000 Lock Replacement Coverage
- $1,000 Refrigerated Property
- $1,000 Fire Department Service Charge
- $10,000 Loss Assessment
- $5,000 Limited Mold Coverage
- $5,000 Medical Payments
- $5,000 Water Back Up
- $10,000 Trampoline Liability Coverage
- $25,000 Identity Fraud
- $25,000 Limited Animal Liability
- $100,000 CPL
- 25% Extended Replacement Cost (excluding H06)
- 10% Ordinance or Law Coverage
- Contents Replacement Cost
- Personal Injury Liability
Underwriting
- Policies in the name of an LLC, Trust, Corporation or Estate Prior Claims OK
- HO3 policies issued at 100% Replacement Cost
- Vacant Dwellings, Course of Construction available on 3,6,9 or 12 Month Term
- Deductibles from $2,500 to $25,000
- Dwelling Schedules Available
- Credits – Alarm, Sprinkler, Water or Gas Shut-off, Newer Home, Three Year No Losses… Additional credits available
Additional Coverage Available
- Personal Injury
- Animal Liability
- Extended Replacement Cost (up to 50%)
- Increased Ordinance or Law Coverage (up to 50%)
Specialty Products
- Personal Umbrella and Excess
- Umbrella Standalone CPL and Excess CPL
- Limits to $10,000,000
- Available in the name of an LLC, Trust, Estate or Corporation
OUR STERLING HOME PRODUCT IS AMONG THE BROADEST AVAILABLE IN THE SURPLUS LINES MARKET TODAY.
| Coverage Highlights | Included Coverages |
Optional Coverages |
|---|---|---|
| Forms | ||
| HO 00 03 10 00 | YES | |
| HO 00 06 10 00 (Owner and Tenant Occ.) | YES | |
| Endorsements | ||
| Ordinance or Law | 10% | 25% / 50% |
| Replacement Cost on Contents | YES | |
| All Risk Personal Property | YES | |
| Increased Special Limits of Liability | YES | |
| Extended Repl. Cost (Excl. HO6) | 25% | 50% |
| Business Personal Property / Home Business | $2,500 | up to $25,000 |
| Water Back Up | $5,000 | up to $25,000 |
| ID Fraud | $25,000 | |
| Personal Injury | YES | |
| Loss Assessment | $10,000 | up to $50,000 |
| Golf Cart Physical Damage | YES | |
| Refrigerated Property | $1,000 | |
| Scheduled Personal Property | YES | |
| Increased Fire Department Service Charge | $1,000 | |
| Lock Replacement Coverage | $1,000 | |
| Limited Mold Coverage | $5,000 | up to $50,000 |
| Other | ||
| CPL | $100,000 | up to $1,000,000 |
| Medical Payments | $5,000 | up to S25,000 |
