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Building Renovation Property Coverage from Bailey Special Risks, Inc. Bailey Special Risks, Inc. (BSR) offers a specialized Building Renovation Property insurance program tailored for owners of existing structures undergoing renovation. This program is underwritten by an A.M. Best A++ rated carrier, providing agents and brokers with access to a reliable and financially secure market for their clients’ renovation projects. Ideal Accounts and Appetite This program is ideal for property owners and real estate investors who are renovating commercial or residential buildings. Typical accounts may include: Vacant or partially occupied buildings undergoing construction upgrades Historic structure restorations Mixed-use properties with renovation plans Retail, office, or apartment buildings under construction If you have a client who recently purchased an older building to convert into rental units, or a developer updating a strip mall, this program can help address their unique exposures during the renovation phase. Coverage Highlights and Advantages BSR’s Building Renovation Property program is designed to cover the increased risks associated with construction and renovation activities. Key features may include: Property coverage for the existing structure during renovation Options for builders risk or renovation-related exposures Coverage through a non-admitted A++ rated carrier Underwriting flexibility for a wide range of project sizes and building types This program helps protect your insured's investment throughout the renovation process, offering peace of mind during potentially high-risk transition periods. Underwriting Notes BSR works exclusively through licensed insurance professionals and provides fast, responsive underwriting support. While there is no published minimum premium, submissions should include full renovation details, project scope, construction timelines, and occupancy plans. Projects with significant structural changes, major additions, or extended vacancy periods are considered on a case-by-case basis. Territories and Availability This program is available in the following states: AL, AZ, AR, CA, CO, CT, DE, FL, GA, ID, IL, IN, IA, KS, KY, LA, MD, MA, MI, MS, MO, NV, NJ, NY, NC, OH, OK, OR, PA, RI, SC, TN, TX, UT, VA, WA, WV, WI, and WY. Coverage is offered on a non-admitted basis through United States Liability Insurance Group. Why Work With Bailey Special Risks, Inc.? With decades of experience as a wholesale broker, BSR delivers niche insurance solutions for hard-to-place and transitional risks. Their access to top-rated carriers and commitment to personalized service make them a strong partner for agents looking to place renovation property accounts. Whether you're helping a client renovate a vacant downtown building or modernize a multifamily property, BSR can help you find the right coverage solution. Frequently Asked Questions What types of accounts are a good fit for this program?This program is ideal for property owners renovating commercial or residential buildings, including vacant structures, mixed-use developments, and older buildings undergoing upgrades. Is this coverage available on an admitted basis?No, the Building Renovation Property program is offered on a non-admitted basis through an A++ rated carrier. What underwriting information is needed for a quote?Submissions should include building details, renovation scope, construction timeline, occupancy plans, and any prior insurance history or loss runs. Can this program cover partially occupied buildings under renovation?Yes, partially occupied buildings undergoing renovation may be eligible, depending on the scope of work and occupancy details. In which states is this program available?The program is available in over 35 states, including CA, FL, NY, TX, and others. Contact BSR for full state availability. Need help placing an account? Connect with a market specialist.

Buildings with Renovations Insurance Allstar Financial Group...ilability Allstar’s Buildings with Renovations Insurance program is available ...

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...s limited on-site work or minor renovations underway. Ideal Accounts and Appe...sider risks with minor or cosmetic renovations. Major structural work, extensi...

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Expertise. Solution. Service. MAXIMUM offers a flexible, comprehensive Personal Lines program designed for 1–4 family dwellings. This program is built for agents who need placement options for residential property risks that don’t always fit standard markets—tenant-occupied, owner-occupied, or dwellings under renovation. Through experienced underwriting and high service standards, MAXIMUM provides tailored solutions backed by an A++ AM Best–rated carrier. Ideal Accounts and Appetite This program accommodates a broad range of residential property types, including: • Tenant-occupied 1–4 family dwellings (nationwide, where eligible) • Owner-occupied 2–4 family homes (except NJ and NH, where only tenant-occupied is allowed) • Dwellings under renovation (eligible under DP-1) • Properties up to 90 years old under DP-3 Form • Multiple locations—up to 10 per policy (state restrictions may apply) • Properties held by individuals, trusts, estates, families, limited partnerships, or LLCs Agents will find this program useful for small residential investment portfolios, renovated rental homes, and multi-location owner-investors who need flexible, admitted placement options. Coverage Highlights and Advantages MAXIMUM offers both Basic (DP-1) and Special (DP-3) forms for qualifying risks, with a variety of limits and optional endorsements to fit client needs: • Coverage A limits starting at $75,000 for DP-1 and $100,000 for DP-3 ($150,000 in MO) • Maximum total insured value of $1 million • Medical payments up to $5,000 • Optional personal liability coverage up to $1 million, including personal injury • Personal Property (Coverage C): up to 40% of Coverage A • Fair Rental Value (Coverage D): up to 20% of Coverage A • Deductibles from $1,000 to $5,000, with special wind and hail options where applicable Additional program benefits: No mandatory roof exclusion Actual cash value roof endorsement available on Special Form Free additional insureds Discounts for sprinkler fire protection systems Access to value-added vendor services, including HR tools, tenant screening, and identity-theft protection Underwriting Notes and Risk Considerations This program targets well-maintained, updated dwellings. Preferred characteristics include: • Electrical systems on circuit breakers with at least 100 amp service • Plumbing of copper, PVC, or cast iron • Asphalt shingle roofs up to 25 years old for DP-3 eligibility • Up to one prior loss in the last three years, or one loss per two locations for multi-location risks • Fire protection classes 1–8 Risks outside these guidelines may be considered through MAXIMUM's Commercial Lines options. Ineligible Risk Characteristics • Coverage A below $75,000 for DP-1 • Vacant dwellings not under renovation • Business, farming, or daycare operations on premises • Properties owned by corporations • Rooming houses, boarding houses, or student housing • Use of wood stoves • Lease terms shorter than 6 months • Locations in AK, AL, CA, HI, FL, KY, LA, MS, TN, WV, and the city of Detroit Territories and Availability This program is available in most states, including AZ, AR, CO, DE, ID, IA, KS, ME, MD, MA, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OK, OR, RI, SD, TX, UT, VT, WA, DC, WI, and WY. Availability and specific terms can vary by state—refer submissions to underwriting for state-specific rules. Why Work With MAXIMUM? As a wholesale broker, MAXIMUM combines market access, underwriting expertise, and responsive service to help you place non-standard residential risks. You’ll benefit from a streamlined submission process, flexible form options, and value-added vendor services that support property owners and landlords. Example account scenarios that fit well: You have a client renovating a rental duplex — eligible for DP-1 during renovation with tailored coverage and vendor services available for tenant screening. An investor owns six tenant-occupied single-family rentals in acceptable protection classes — MAXIMUM can combine locations on a single policy (up to 10), subject to underwriting approval. We focus on solutions that protect clients’ dwellings while making placement straightforward for agents. MAXIMUM is committed to finding the best available options for 1–4 family dwellings insurance. Please reach out to us today by phone or email with any questions and to discuss how we can assist in this process. Frequently Asked Questions What types of accounts are a good fit for this program?This program is ideal for tenant-occupied 1–4 family dwellings, owner-occupied 2–4 family homes (except in NJ and NH), and properties under renovation. It's a great fit for clients with investment properties or multiple residential locations. Can I place dwellings under renovation through this program?Yes, dwellings currently being renovated are eligible under the DP-1 Basic Form, provided they meet other underwriting criteria. Is this program available in coastal areas?Yes, dwellings in coastal areas are eligible, although a wind and hail exclusion will apply in those zones. What ownership types are eligible?Eligible ownership types include individuals, trusts, estates, families, limited partnerships, and LLCs. Properties owned by corporations are not eligible under this Personal Lines program. What is the maximum number of dwellings per policy?Up to 10 locations can be covered under a single policy, depending on state regulations and underwriting approval. Need help placing an account? Connect with a market specialist.

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...ti-family units with or without renovations Vacant commercial buildings (ret...coverage for a property undergoing renovations?Yes. Both residential and commercial properties with active renovations are eligible, but underwriting ...

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