High Value, Coastal and Tough Homeowners Insurance Program
Novatae Risk Group offers a specialized High Value, Coastal and Tough Homeowners Insurance Program tailored for brokers and agents seeking solutions for complex personal property risks. With access to Certain Underwriters at Lloyds of London, this non-admitted program is designed to handle tough-to-place risks that fall outside the appetite of standard markets.
Program Highlights:
- Minimum Value: $750,000
- Maximum Value: $25,000,000
- Standard Liability Limit: $1,000,000
- HO3 and HO5 Forms Available
Ideal Accounts and Risk Appetite
This program is ideal for high net worth individuals with challenging property exposures including coastal homes, high wildfire zones, and secondary or seasonal residences. Whether your client owns a luxury waterfront estate in Florida, a hillside home in California’s brush zones, or an island property in the Caribbean, Novatae can help you secure coverage when standard carriers decline.
Target insureds include:
- High-profile individuals such as entertainers, athletes, and public figures
- Homes held in trust or corporate ownership structures
- Accounts with prior claims or loss challenges
- Properties located in protection class 9/10 areas
- Homes with excess flood exposure, including V zones
What's Covered - Catastrophe Exposures:
- Earthquake (California)
- Brush Fire
- Windstorm* (Including Florida Tri-State)
- Flood
- Where a town/city has a protection class of 9/10
- Exposures with excess flood needs (V Zones Included)
- Areas Where There Are Catastrophe Exposures
- High Profile Owners (Entertainers and Sports Stars) Liab Issues
- Insureds With Poor Claims Records
- Corporately Owned or In Trust Property (Which The Conventional Market Frowns On)
- Caribbean Exposures
Underwriting Requirements and Minimum Premiums
Underwriting is customized to each risk, with premiums varying based on location, value, and exposure severity. To streamline your submission, ensure the following documents are included:
- Homeowner Acord 80
- 3 Years of Loss Runs
- Details of Any Large Losses
- Completed Homeowners Supplemental Questionnaire
States Available
This program is available in the following states: AL, AK, AZ, CA, CO, CT, FL, GA, IL, KY, LA, MN, MS, MO, NV, NJ, NM, NY, NC, PA, SC, TN, TX, UT, VA, WV, WI.
Why Partner with Novatae Risk Group?
Novatae Risk Group brings deep expertise in the E&S homeowners space, helping agents place complex and high-value risks via access to top-tier non-admitted markets. As a Managing General Underwriter and E&S Broker, Novatae focuses on speed, flexibility, and tailored solutions that help you win and retain your high-net-worth clients. Whether you’re dealing with a distressed account or a unique property profile, their underwriting team is ready to assist.
Do you need a High Value Homeowners Insurance Quote?
Send an email to [email protected] with your coverage needs or call 800-758-8113 to speak to an underwriter immediately.
Frequently Asked Questions
What types of accounts are a good fit for this program?
This program is ideal for high-value homes with catastrophe exposures, high-profile owners, corporately owned or trust-held properties, and accounts with previous loss history.
Is this program available in admitted markets?
No, this program is offered on a non-admitted basis through Certain Underwriters at Lloyds of London.
Can I submit a home located in a coastal V zone?
Yes, the program has capacity for properties in high-risk flood zones, including V zones, provided underwriting requirements are met.
What is the minimum home value required for submission?
The program requires a minimum home value of $750,000. Risks up to $25,000,000 can be considered.
What documents are needed to submit a risk?
Required documents include the Acord 80 application, 3 years of loss runs, details of any large losses, and a completed supplemental questionnaire.
Need help placing an account? Connect with a market specialist.