Overview of the Program From Metcom Excess
Metcom Excess is proud to offer the METCOM Premier 3 Coastal Homeowner Program—an exclusive solution for insuring coastal residential properties in New Jersey. Designed to provide independent agents with a competitive and flexible market, this program addresses the unique needs of homes located in coastal counties, with no restrictions on distance to the shoreline. Backed by an A XV rated, London-based non-admitted carrier, you can count on reliable underwriting and superior claims handling for your clients.
Ideal Accounts and Appetite
This program is tailored for a variety of owner-occupied properties, including:
- Primary and secondary homes with minimal seasonal rental exposure
- Owner-occupied seasonal homes with up to four rental units
- Homes with Coverage A values ranging from $300,000 to $1,000,000
- Newer construction homes are preferred
For example, you might have a client with a vacation home in Cape May that they occasionally rent during the summer. Or, perhaps they own a newer secondary residence in Ocean County that doesn't meet traditional carrier guidelines due to proximity to the coast—this program could be the solution.
Coverage Highlights and Advantages
The METCOM Premier 3 program offers competitive forms and rates, with several built-in and optional enhancements to meet your clients' needs:
- No coastal distance restriction within New Jersey
- Superior claims handling and service
- Automatic increases to special limits under the HO3 form
- Optional water backup coverage
- Identity fraud expense protection
- Increased Credit Card/Electronic Fund Transfer coverage
- Ordinance or Law coverage available for most risks
Underwriting Notes and Premium Guidelines
Policies are underwritten through a highly rated, non-admitted London-based carrier, giving agents access to niche property solutions not available in the admitted market. While minimum premium details are not specified, the program is built to be competitive in the excess & surplus space, especially for higher-value homes or those with minor rental exposure.
Territories and Availability
This program is available throughout all coastal counties in New Jersey. There are no restrictions based on distance to the coast, making it ideal for homes that would otherwise fall outside standard market guidelines due to wind or flood exposure concerns.
Why Work With Metcom Excess on This Business
Metcom Excess is a trusted Managing General Agency and Excess & Surplus Lines Broker with deep expertise in coastal property exposures. Their exclusive program access, responsive underwriting, and strong carrier relationships make them a valuable partner for agents looking to place challenging or high-value coastal homeowner accounts. If you're working with clients in New Jersey's coastal regions and need a flexible, reliable, and competitive solution, the METCOM Premier 3 program is designed for you.
Frequently Asked Questions
What types of accounts are a good fit for this program?
Ideal accounts include owner-occupied primary, secondary, and seasonal homes in New Jersey coastal counties, especially newer homes with limited rental exposure.
Are there any restrictions on how close a property can be to the coast?
No, the program has no distance-to-coast restriction, making it suitable for waterfront and near-shore properties.
Is rental activity allowed under this program?
Yes, minimal summer rentals are acceptable for primary or secondary homes. Seasonal homes can have up to four rental units.
What enhancements are available with the policy?
Optional enhancements include water backup, identity fraud expense, increased special limits on the HO3 form, and Ordinance or Law coverage.
How is this program underwritten?
Policies are underwritten through an A XV rated, London-based non-admitted carrier, offering strong financial backing and flexible underwriting.
Need help placing an account? Connect with a market specialist.