Tract Home Builder Program

Traditional Policies (Occurrence Form):

• $2500 Minimum Premium
• 23 Carriers to choose from; All A-VI or Higher by A.M. Best
• Admitted and Non-Admitted Carriers
• CG20101185 Equivalent
• Most States Available

Per Project Policy:

• Policy may be tailed for 18 months to 36 months or more
• Most States Available
• A+ Rated Carriers

Wrap Up - CCIPs:

• Over 17 A-VIII or Higher Carriers to Chose from
• Residential Tract Developments
• Limits - $1/2/2
• Minimum Premium - Competitive min premium available**
• Deductible - $5,000 Self-Insured Retention or higher
• Paper Ratings Available - A VIII or Higher
• States - All states available

Click here to get more information on Wrap Up Coverage

Wrap Up programs are a comprehensive General Insurance project-specific policy that combines coverage normally provided separately by different parties. In WRAP policies all participating contractors and subcontractors avoid having multiple carriers at odds in a claim settlement situation and allow for tighter, more consistent safety procedures.

Wrap-up policies come basically in two distinct types; Owner-Controlled, OCIP and Contractor-controlled, CCIP. Either wrap-up policy allows the owner to spread the risk out among different parties, while more systemically managing risk and providing a single insurance coordinated safety net for every company and individual involved in the project.

The 3 key elements of a Wrap Up Policy are Coverage, Control and Cost Savings.

*No 2 Wrap Up policies are the same. Contact our office with any questions you may have or about a particular risk you are looking at.

** Premiums have come down significantly since the reduction in construction nationwide. This is a great time to have your Owners and Contractors use Wrap Ups to manage risks and save money!

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 to an underwriter immediately.