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SES Insurance Brokerage Services, Inc.



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Program Details -

Lender Compliant Portfolio Coverage


 

SES Insurance Brokerage Services Inc. has been working closely with the leading lenders in the Real Estate Investor marketplace to create coverage that is fully compliant with their needs.  Having lender compliant coverage available from the beginning will ensure that loan closures are not slowed by insurance.  It is our goal to make sure that our clients not only receive the best in coverage, but also the best in customer service which includes the placement of compliant policies.  SES works with the most competitive markets supporting Real Estate Investors and pairs its coverage options with an industry leading online portfolio management system that allows for easy maintenance of the insurance once a cover has been bound. 

Property

Deductibles

  • Range from $1,000 to $25,000 per location, per occurrence
  • Separate deductibles for wind/hail, named storm, EQ, Flood, etc.

Property Types

  • 1-4 unit dwellings
  • Small apartments (with pre determined allowable max TIV)

Limits

  • $500,000 per location up to $15,000,000 per location
  • Coverage is ultimately for the value stated for each property

Replacement Cost Valuation

  • For single family residential properties (1-4 unit) SES is looking for a value of $75 per sqft.

Excluded Causes of Loss

  • Excluded causes of loss can differ from portfolio to portfolio and will be at the discretion of the underwriter

Basic Coverage Summary

  • Special Causes of Loss (ISO based forms widely used)
  • Earthquake – if requested
  • Flood – if requested
  • Named Storm
    • When part of primary package policy and not on a separate DIC cover, EQ, Flood, and Named Storm will have separate, higher deductibles and often capped losses
  • Builder’s Risk for homes under renovation – not new construction (additional)
  • Business Personal Property (can be included)
  • Business Income (coverage for loss of rents can be included)


Liability

Limits can vary per policy – generally offered limits are as follows:

  • $2,000,000 general aggregate
  • $1,000,000 per occurrence
  • $100,000 any one fire
  • $5,000 med pay per person

Deductibles

  • Range from $0 to $10,000 per occurrence – SES pushes for a $0.00 deductible with each policy

Excess Coverage

  • Excess limits range from $1,000,000 to $25,000,000 with potential for limits up to $100,000,000
  • Coverage most often for strict excess commercial general liability

Basic Coverage Summary

  • ISO based Commercial General Liability coverage/forms

Excluded Causes of Loss

  • General pollution, war, nuclear, etc. exclusions are present and can vary per policy

Locations Served : Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Washington,D.C., Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming