Overview of the Program From Excel Insurance Services
Coastal property owners in New Jersey face unique challenges when it comes to wind exposure and storm-related risks. Excel Insurance Services, Inc. specializes in providing tailored solutions for these high-risk areas. As a Managing General Agency and Excess & Surplus Lines Broker, we offer agents access to a range of flexible coverage options for both commercial and personal lines in coastal zones.
Whether you're working with business owners on the boardwalk or residential condo associations along the shore, our New Jersey Coastal Property Insurance program is designed to help you place difficult-to-insure accounts with confidence.
Ideal Accounts and Appetite
This program is suitable for a wide range of coastal property types, including:
- Condominium Associations
- Apartment Buildings
- Hotels & Motels
- Boardwalk Retail Stores & Restaurants
- Vacant Properties
- Builder's Risk (Coastal Construction Projects)
You might have a client who owns a beachfront motel or a mixed-use building with retail and residential tenants—these are exactly the types of accounts we’re built to handle.
Coverage Highlights and Advantages
Our program includes robust coverage features designed to address the wind and storm exposures common to New Jersey’s coastal regions:
- Commercial and Personal Lines coverage available
- Package Policies including Equipment Breakdown
- Low or No Wind Deductibles
- Wind Deductible Buy-Back Options
- Monoline Wind Coverage available
We understand that wind deductibles can be a major concern for insureds in hurricane-prone areas. Our buy-back options and flexible policy structures help you craft more competitive proposals for your clients.
Underwriting Notes and Minimum Premiums
Our minimum premium starts at $500, making this program accessible for a variety of property sizes and risk profiles. We work with various carriers on a non-admitted basis to provide the flexibility needed for coastal placements.
Submissions are reviewed with a practical approach to underwriting, and we can often accommodate risks that fall outside of standard market appetites.
Territories and Availability
This program is available in:
- New Jersey (primary focus)
- Delaware
- New York
- Pennsylvania
- South Carolina
While New Jersey is the core market, we also welcome coastal property risks from neighboring states listed above.
Why Work With Excel Insurance Services
Excel Insurance Services brings deep experience in coastal property coverage and access to a broad network of non-admitted markets. Our team is responsive, knowledgeable, and ready to help you navigate the complexities of placing wind-exposed risks. We understand the coverage gaps and deductible concerns your clients face—and we’re here to help you fill them.
Frequently Asked Questions
What types of accounts are a good fit for this program?
We specialize in coastal commercial and personal property, including condos, apartments, hotels, motels, boardwalk retail, restaurants, vacant buildings, and builder’s risk projects.
Is this program admitted or non-admitted?
This program is placed through non-admitted carriers, allowing us to offer flexible solutions for harder-to-insure properties.
What is the minimum premium?
The minimum premium starts at $500, depending on the risk profile and coverage structure.
Can you offer coverage with no wind deductible?
Yes, we have options for low or no wind deductibles, and we also offer a Wind Deductible Buy-Back program.
Which states is the program available in?
We currently offer this program in New Jersey, Delaware, New York, Pennsylvania, and South Carolina.
Need help placing an account? Connect with a market specialist.