High-Value Homeowners Insurance

Overview of the Program From RISC Inc.

RISC Inc. is a Managing General Agency (MGA) that provides access to specialty personal lines markets. With Home Select, agents can place primary and vacation residences — including properties with complex exposure profiles or unique ownership structures. The program offers solutions for homes under construction, vacant properties, and properties owned by corporations or estates.

Home Select fills a market gap for high-value homeowners who struggle to obtain coverage due to location or risk characteristics. Whether the exposure is coastal wind, wildfire, flood, or earthquake, RISC’s underwriting partners offer tailored options to help you secure placement for your clients.

Ideal Accounts and Appetite

Home Select is best for:

• Homes and condos with dwelling values of $250,000 and up
• Total insured values up to $10,000,000 (higher limits available by referral)
• Liability limits up to $1,000,000
• Personal articles floater available up to $250,000 (higher limits by referral)

Target risks include:

• Primary and seasonal/vacation residences
• Properties in higher-risk zones, such as:
  • Coastal areas exposed to wind and storm surge
  • High-wind regions
  • Brush fire or wildfire-prone locations
  • Flood or rising water zones
  • Earthquake-prone areas
  • Protection Class 9 or 10 territories
• Homes under construction or vacant properties
• Corporately- or estate-owned residences

Coverage Highlights and Advantages

• Designed specifically to place hard-to-place, high-value homes
• Flexible underwriting to address specialty and high-risk exposures
• Access to respected carriers — Lonmar Global Risks and Sagicor Syndicate
• Customizable limits with referral options for larger or complex accounts

Example scenarios: You might have a client with a luxury mountain retreat in a wildfire zone or an oceanfront condo used seasonally. Home Select provides underwriting pathways and carrier capacity to pursue these placements.

Underwriting Notes and Minimum Premiums

• Many markets are written on a non-admitted basis
• Minimum premium starts at $1,500, subject to underwriting review
• Referral required for higher limits or more complex risks

RISC works with agents to evaluate non-standard or high-net-worth exposures and aims for responsive turnaround on submissions.

Territories and Availability

The Home Select program is currently available in the following states:

• Arkansas (AR)
• Minnesota (MN)
• Montana (MT)
• Nebraska (NE)
• North Dakota (ND)
• Oklahoma (OK)
• Oregon (OR)
• South Dakota (SD)
• Texas (TX)
• Utah (UT)
• Wyoming (WY)

Why Work With RISC Inc. on High-Value Homeowners?

RISC Inc. specializes in placing challenging personal lines risks. Home Select gives agents access to underwriters experienced with high-value residential exposures and markets that will consider non-standard risks. The program emphasizes underwriting flexibility, tailored limits, and partnership with agents to find workable solutions when standard markets fall short.

Contact RISC to discuss a submission and determine whether Home Select is the right fit for your client’s exposure.