Tract Home Builder Program from Novatae Risk Group
Novatae Risk Group offers a dedicated Tract Home Builder Program for residential developers and contractors who build multiple single-family homes in planned subdivisions. The program is built to handle the complex liability and coordination exposures that come with multi-home and phased developments, and it provides flexible admitted and non-admitted placement options to fit regional and large-scale builders alike.
Ideal Accounts and Appetite
This program targets residential tract development projects. Typical accounts we place include:
- Homebuilders developing multiple single-family units in planned subdivisions
- General contractors overseeing large residential projects or multiple builders on a single site
- Developers coordinating phased or long-term tract developments
You might have a client building a 50-home subdivision in Texas or a contractor managing a multi-phase project in California — Novatae’s program is structured to accommodate those exposures and timelines.
Coverage Highlights and Advantages
Traditional Policies (Occurrence Form):
- $2,500 minimum premium
- Access to 23 A.M. Best A-VI+ rated carriers
- Available through both admitted and non-admitted markets
- Includes CG20101185-equivalent endorsements
- Offered in most states
Per Project Policy:
- Policy terms extendable from 18 to 36 months or longer
- Supported by A+ rated carriers
- Available in most states
Wrap Up - CCIPs (Contractor-Controlled Insurance Programs):
- Backed by over 17 A-VIII or better rated carriers
- Designed specifically for residential tract developments
- Limits: $1M/$2M/$2M
- Deductible: $5,000 Self-Insured Retention (SIR) or higher
- Minimum Premium: Competitive pricing available
- Available in all states
Wrap-up policies consolidate coverage for all contractors and subcontractors on a project to reduce coverage gaps and disputes. This integrated approach can improve job site safety, simplify loss control and streamline claims handling. Learn more about Wrap Up Coverage.
Underwriting Notes and Minimum Premiums
Submissions should include detailed project information, construction schedules, and contractor qualifications to secure the most accurate quotations. Traditional occurrence policies start at a $2,500 minimum premium; competitive minimums are available for wrap-up/CCIP structures. Policies can be tailored to match project timelines, phased construction schedules, and the overall risk profile.
Territories and Availability
Novatae’s Tract Home Builder Program is available in the following states: AL, AK, AZ, AR, CA, CO, CT, FL, GA, IL, KY, LA, MS, MO, NV, NJ, NM, NY, NC, PA, SC, TN, TX, UT, VA, and WV. Both admitted and non-admitted placements are available depending on the state and individual risk characteristics.
Why Work With Novatae Risk Group?
As a Managing General Underwriter and Excess & Surplus Lines Broker, Novatae Risk Group combines deep underwriting expertise with broad carrier access to place complex residential construction risks. We focus on practical, marketable solutions for tract developers and contractors — including occurrence forms, per-project policies, and wrap-up programs backed by highly rated carriers. Our team works with agents to structure coverage that aligns with project schedules and reduces exposure to gaps between contractors and subcontractors.
Do you need a Tract Home Builder Quote?
Send an email to [email protected] with your coverage needs or call 800-758-8113 to speak with an underwriter immediately.
Frequently Asked Questions
What types of accounts are a good fit for this program?
This program is ideal for contractors and developers involved in residential tract home construction, especially those managing multi-home or phased subdivision projects.
Can coverage be customized for different project sizes and durations?
Yes. Policies can be tailored per project with terms typically ranging from 18 to 36 months or longer, depending on project scope and client needs.
Is this program available on an admitted basis?
Yes. Both admitted and non-admitted options are available depending on the state and the risk profile.
Are wrap-up policies available nationwide?
Yes. Wrap-up CCIP options are available in all states and are backed by highly rated carriers.
What is the minimum premium requirement?
Minimum premiums start at $2,500 for standard occurrence policies; competitive pricing is available for wrap-up and CCIP placements.
Need help placing an account? Connect with a market specialist.