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...ensation coverage for HOAs and condominiums with no payroll Standard Workers’ Compensation for associations with ... the minimum premium requirement?For Workers’ Compensation, the CID’s payroll must generat...

...ensation coverage for HOAs and condominiums with no payroll Standard Workers’ Compensation for associations with ... the minimum premium requirement?For Workers’ Compensation, the CID’s payroll must generat...

...ible: New construction of condominiums, condominium conversions, and town...

...isks: New construction of condominiums, condominium conversions, and town...

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) “ALL RISKS” excluding flood and earthquake, D.I.C., including stand-alone flood and earthquake Stand-alone Windstorm and Hail 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. Frequently Asked Questions What types of accounts are a good fit for this program?Accounts with challenging characteristics — older structures, non-sprinklered buildings, prior losses, vacant properties, or high brush exposure — and commercial or personal-line properties such as condos, apartments, hotels, retail and restaurants. Can I place flood or earthquake-only coverage?Yes. The program offers stand-alone flood and earthquake options and DIC solutions; flood limits are available up to the program maximums (flood limits may vary by zone and underwriting). Is this available admitted or non-admitted?Novatae Risk Group places business using both admitted and non-admitted carriers, including A–XV rated markets. Placement depends on the risk profile, limits required, and state availability. What are the submission must-haves to get a quote?Provide a completed Statement of Values (Acord 139), current loss runs, occupancy and protection details, and any photos or construction information. Complete submissions accelerate underwriting and binding. What is the minimum premium?The program typically requires a minimum premium (commonly around $500), but final minimums depend on the carrier and the state of placement. Need help placing an account? Connect with a market specialist.

...ply): New construction of condominiums, condominium conversions, and town...commercial buildings is eligible. Condominiums, condo conversions, and project...

...e Risks New construction of condominiums, condominium conversions, and town...excluded?Yes. New construction of condominiums, townhouse developments, and pr...

...ions: New construction of condominiums, condo conversions, and townhouses...

...e Risks New construction of condominiums, condo conversions, and townhouses... this program?New construction of condominiums, condo conversions, and townhou...

...isks: New construction of condominiums, condominium conversions and townh...