Looking for flexible coverage and added protection above a primary property policy? Look no further.
Buffer/Excess Property Program
Competitive Property Buffer and Excess Coverage
In partnership with an A.M Best A Rated, class XV carrier, the Breckenridge buffer and excess program provides increased property coverage limits and added protection above an insured’s primary property policy. With limits up to $5 million and attachment points as low as $1 million, this flexible coverage suits a broad range of property appetites from commercial and office buildings to real estate investor property schedules, vacant buildings, warehouses, shopping centers, schools and more.
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- Limits up to $5 million per occurrence
- Attachments points as low as $1 million
- Real Estate Schedules
- Offices
- Retail
- General commercial, mercantile and service industries
- Habitational, Apartment and Condominium schedules (excess only on frame Apartments)
- Strip Malls and Shopping centers
- Vacant Buildings
- Distribution and Storage warehouses – low hazard
- Light Manufacturing – low hazard
- School & Municipal schedules
- Hotels (modern only)
- Accounts with a TIV of more than $100M
- Oil, Gas & Petrochemical industries
- Ocean Marine
- High hazard manufacturing risks
- Wood workers / Lumber risks
- Recyclers or Waste Managers
- Stand alone: Business Interruption, Flood, Earthquake or DIC
- Standalone T&D lines, Communication towers
- Piers, Wharves & Docks
- Agriculture / Food Processing
- Exposure outside of the US
- Completed ACORD Application and SOV for multiple locations
- Expiring and/or target premium
- Loss runs
Limits & Attachment Points
- Limits up to $5 million per occurrence
- Attachments points as low as $1 million
Target Classes
- Real Estate Schedules
- Offices
- Retail
- General commercial, mercantile and service industries
- Habitational, Apartment and Condominium schedules (excess only on frame Apartments)
- Strip Malls and Shopping centers
- Vacant Buildings
- Distribution and Storage warehouses – low hazard
- Light Manufacturing – low hazard
- School & Municipal schedules
- Hotels (modern only)
Excluded Classes
- Accounts with a TIV of more than $100M
- Oil, Gas & Petrochemical industries
- Ocean Marine
- High hazard manufacturing risks
- Wood workers / Lumber risks
- Recyclers or Waste Managers
- Stand alone: Business Interruption, Flood, Earthquake or DIC
- Standalone T&D lines, Communication towers
- Piers, Wharves & Docks
- Agriculture / Food Processing
- Exposure outside of the US
Submission Requirements
- Completed ACORD Application and SOV for multiple locations
- Expiring and/or target premium
- Loss runs
Contacts
Michael G. Marks, ARM, ASLI
SVP, Program Director
Richmond, VA
Specialty Property Program
Office: 804.459.8083
Cell: 770.315.5213
“Again, I want to thank you for all your help! I really do appreciate it. I don’t think there are many companies out there who would be willing to work with us as much as you did!!”
Insurance Agency Office Manager
From The Blog
Buffer/Excess Property was last modified: January 17th, 2023 by