Commercial and Personal Property Insurance Coverage

Novatae Risk Group offers a flexible Commercial and Personal Property Insurance Coverage program designed for agents who need capacity and solution-oriented underwriting for difficult or non-standard property risks. The program provides admitted and non-admitted placement options, broad perils capacity, and specialized wind, flood and earthquake solutions — including difference-in-conditions (DIC) and stand-alone coverages — for a wide range of commercial and personal-line properties.

Program Features:

• Commercial & Personal Lines Properties
• Low (or no) Wind Deductibles
• Wind Deductible Buy-Back Program
• Monoline Wind Coverage
• DIC (Difference in Conditions)
• Earthquake

Accepted Risks:

• Tough Risks
• Prior Claims History
• Lapse in Coverage
• High-profile personality owned

Commission:

• Up To 12.5%

Featured Carrier:

Our Specialties:

• Condominium Associations
• Apartment Buildings
• Hotels & Motels
• Retail Stores
• Restaurants
• Vacant Properties
• Builder's Risk and Course of Construction

Appetite:

• COVERAGE: Limits = $7,000,000 limit of loss with access to higher limits. (Primary, Excess, and full valued limits)
  1. “ALL RISKS” excluding flood and earthquake,
  2. D.I.C., including stand-alone flood and earthquake
  3. Stand-alone Windstorm and Hail
  4. All occupancies considered, no restrictions
• COVERAGE: FLOOD only — Limits up to $10,000,000; all zones considered (all occupancies considered, no restrictions).

Areas of Success:

• Older structures
• Non-sprinklered risks
• More hazardous occupancies
• Medium to high brush exposure
• Protection codes 4–6 or higher
• Risks with short quote timeframes
• Risks with prior shock losses
• Flood A&V, CBRA & non-participating zones

Submission Requirements:

• Complete Statement of Values (SOV) Form (Acord 139) - Download the Acord 139 SOV

Underwriting Notes and Minimum Premiums:

Novatae Risk Group underwrites through a mix of admitted and non-admitted capacity, including A–XV rated carriers. The program accommodates complex exposures and prior losses, but thorough submissions speed placement: include a completed SOV (Acord 139), current loss runs, photos when available, and details on protective systems and occupancy. Minimum premium expectations apply; the program typically requires at least $500 premium per policy.

Territories and Availability:

This program is available in most states and specifically written in: AL, AZ, AR, CA, CO, CT, FL, GA, IL, KY, LA, MS, NJ, NC, PA, SC, TX and VA. Placement can be done admitted or non-admitted depending on the risk and carrier appetite.

Why Work With Novatae Risk Group:

As a wholesale broker, Novatae Risk Group specializes in property placements that need flexibility and market access. Use this program when you need:

• Wind options with low or no deductibles and buy-back programs;
• DIC capacity and standalone earthquake or flood limits beyond standard market appetite;
• Solutions for older buildings, non-sprinklered assets, or accounts with prior losses or lapses;
• Access to admitted paper where available and non-admitted capacity for higher limits or specialized terms.

Example scenarios: You might have a downtown apartment owner with an older, non-sprinklered building and prior water claims who needs broader perils and tailored deductibles; or a condominium association seeking DIC coverage and high flood limits in a challenging zone. These are the types of accounts this program is structured to place.