HomeSmart and Victor Insurance marketplace

Builders Risk insurance provides coverage for general contractors, property owners and other professionals who have a financial interest during the course of construction of a new property, or in renovations and remodeling projects on existing properties. 

Availability: Available nationwide*

Coverage: Admitted with an A++ rated carrier

Billing options: Broker bill or direct bill

Target markets: Residential construction, commercial construction (office buildings, warehouses, municipal buildings, restaurants, shopping center complexes etc.), residential/commercial remodeling, installation floaters.

Minimum premium: $400

Limits:

• $8M limit for frame and joisted masonry construction 
• $15M limit for non-combustible, masonry non-combustible and fire resistive construction

Coverages:

• Collapse
• Scaffolding, Construction forms and temporary structures
• Debris removal
• Discharge from sewer, drain or sump
• Fire Department service charge
• Valuable papers and records
• Pollutant clean up and removal
• Ordinance of law - direct damage
• Preservation of property
• Reward payments
• Property at a temporary storage location
• Property in transit
• Expediting expense
• Limited coverage for 'fungi', wet rot and dry rot
• Soft costs
• Green building recertification
• Contract penalties
• Claim preparation expense
• Blueprint and construction documents
• Fraud and deceit

*not available in AK and HI

 
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Floods are one of the most common disasters and risks in the United States. Caused by excessive rain, a ruptured dam, rapid ice melting in the mountains, or a hurricane, floods can cause major damage to homes, businesses and personal property.
 

Features:

• Market-leading commission
• Easily transition current book of business from any other vendor
• Issue a policy in minutes
• Quote primary and excess flood coverage
• View all policies in relation to flood zones
• Highest level of FEMA compliance

Real-time Transactions:

• Over 60% of policies are issued instantly and require no referral
• For policies that require referral, agents can obtain the policy declarations immediately by contacting the service team
• View insured, book and accounting history
• Agents, mortgage companies and insureds can easily view and pay renewal bills

Claims Reporting & Management:

• Instant access to flood insurance claims data
• Real-time claims status and historical reports

Unmatched Service & Support:

• Dedicated customer service from a team of underwriters with National Flood Insurance Program experience
   

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Vacant properties encounter a wide range of risks, including vandalism and arson, that can be very expensive to overcome.

Vacant building insurance provides protection from damage for properties that are unoccupied. 
 

Coverage: A rated carrier on a surplus lines basis

Total insured value: $5M - $25M
 

Target risks:

• Buildings vacant for less than three years
• Partially vacant buildings up to 25% eligible
• Tier 1 and 2 counties TIV
• All construction types considered (residential and commercial)

Ineligible risks:

• Buildings located on national/local historic registries
• Buildings under renovation
• Buildings vacant for more than three years
• Age restrictions may apply

Coverage:

• All perils
• Optional wind/hail
• Optional flood
• Optional earthquake

Available coverage extensions:

• Ordinance or law (10% or 20%)
• Special vacant coverage available for debris, fire, inv and rewards
• Debris removal (25% plus $15,000)
• Fire department service charges ($5,000)
• Inventory and appraisal expense ($5,000)
• Rewards ($5,000)

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From lifting a heavy load to tripping over an object, employees are at risk of work-related injuries whether they're at home or in the office. Workers Compensation insurance provides cover for medical costs and lost wages caused by work-related injuries and illnesses.

Policy Features:

• Available nationwide 
• Minimum premium: $500
• Limits up to $1M
• Experience Mods up to 1.25
• Over 350 eligible class codes
• Multi-state capabilities
• New ventures eligible for most classes
• Superior claims and loss control services

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