Remodelers of Luxury Homes Program
Qualification Requirements:
Residential Paper General Contractors must be involved solely in the renovation/remodel of single family homes, co-ops, or condo, working on behalf of individual unit owners.Coverage Outline:
- Commercial General Liability, up to 2/4/4
- Policy Form: CG0001 (04/13)
- Per Project Aggregate
- Blanket Additional Insured (CG2010 (04/13), CG2012, CG2018, CG2037)
- Blanket Waiver of Subrogation
- Primary Non Contributory
- Unique Rating Structure
- OOPS Coverage Available
- R.I.C.H. Endorsement Available
- Minimum Premium $5,000 (All Except NY)
- NY Premium Minimum Subject to Underwriting
- Excess (EX) coverage available up to $5M in limits
Submission Requirements:
- 5 years of currently valued loss runs
- Minimum 3 years in business or 6 years of construction experience
- Acord Application & RLH Application
- Copy of Subcontractor Agreement *Other markets are available for risks not fitting this profile.
