CITY HOMES INSURANCE PROGRAM PACKAGE APPLICATION

CITY HOMES INSURANCE PROGRAM
PACKAGE APPLICATION

Distinguished Programs has designed a new style of application. It is meant to be user friendly and easy to complete. Section I is presented first to quickly eliminate risks that do not qualify for our program. Section II and III follow, which collect the information needed to rate and quote your risk. Combine this easy to complete application with quick quote turnaround and 24 hour electronic policy issuance . . . why go anywhere else?

SECTION I: ELIGIBILITY

The CHIP program is for small urban Condo, Co-op, and Apartment buildings. Buildings must have all of the

following characteristics to qualify for the program:

�

Primary occupancy is either a Residential Condominium, Residential Cooperative, or Apartment Building

�

Single building

Risks with Multiple Buildings at a single location must complete a separate supplement to determine eligibility.

�

6 stories or less

�

Max TIV of $6,000,000 per location

�

Joisted Masonry or Better Construction ( Frame Construction allowed in San Francisco, Seattle, and Condominiums in MA . Brick Veneer allowed in Minneapolis and St. Paul )

�

No more than 30 units (Up to 50 units allowed in Chicago and Chicago suburban areas)

�

Located in one of the following cities or surrounding metro areas:

Northeast	Midatlantic/Southeast	Midwest	West
Boston, MA	Philadelphia, PA	Chicago, IL	San Francisco, CA
	Washington, DC	St. Louis, MO	Denver, CO
NJ Gold Coast*	Alexandria, VA	Kansas City, MO	Seattle, WA
	Baltimore, MD	Minneapolis, MN	Portland, OR
		St. Paul, MN	Los Angeles, CA

* NJ gold coast includes the cities of Hoboken, Weehawken, West NY, Jersey City, Cliffside Park, Guttenberg, Edgewater, and Fort Lee

By checking this box, I agree that this risk meets the definition of CHIP in item 1 above.

2.	The CHIP program is for lower exposure risks. The following exposures are NOT eligible for the CHIP program:
	�	Garden Style Apartment Complexes
	�	Any type of commercial operation with cooking on the premises (e.g. Restaurants, Delis with a fryer/grill)
	�	Commercial Operations being operated by the insured
	�	Armed security
	�	Risks with pools
	�	Risks with bars, nightclubs, dance halls, adult entertainment, or any occupancy with a cabaret license
	�	Any buildings with governmental or political offices
	�	100% Owner occupied rental buildings.
	�	Boarding/Rooming Houses or Single Room Occupancy (SRO)
	�	Public housing, homeless shelters, or Hope VI properties
	�	Assisted living, mental health facilities, or rehabilitation centers of any kind
	�	Social Services - whether provided by the insured or a third party
	�	Tanning beds owned or operated by the insured
	�	Risks that host flea markets, amusement rides, concerts or other special events
	�	Passenger transportation services whether provided by the insured or contracted out to a third party
	�	Daycare. This includes first party and third party operations
	�	Short term rentals. More than 10% of the units with less than a 6 month lease are considered short term rentals
	�	Senior Housing. Buildings that meet the following HUD definition of Senior Housing are considered Senior Housing.
		�	HUD has determined that the dwelling is specifically designed for and occupied by elderly persons under a Federal, State or local government program or
		�	It is occupied solely by persons who are 62 or older or
		�	It houses at least one person who is 55 or older in at least 80 percent of the occupied units, and adheres to a policy that demonstrates intent to house persons who are 55 or older.
	�	Student Housing. Buildings with more than 50% of the units occupied by undergraduate students are considered student housing
	�	Vacant land
	�	Community Associations that rent their common facilities to non-unit owners OR serve liquor (other than free of charge)
	�	Schools
	�	Churches/Places of Worship

By checking this box, I agree that this risk does not have any of the exposures listed in item 2 above.

3.	Buildings must meet the following minimum underwriting requirements to be eligible for CHIP.
	�	Buildings older than 25 years, must have had the roof and building systems updated in the last 25 years
	�	Knob and Tube wiring is ineligible
	�	Edison/Screw Type fuses are ineligible
	�	Buildings with Cartridge/S type fuses are only eligible only if the electrical system provides at least 60 amps per unit
	�	Buildings with aluminum wiring are not eligible unless the wiring has been repaired through "pig-tailing", CO/ALR devices, or COPALUM crimp connector

By checking this box, I agree that this risk meets the underwriting requirements listed in item 3 above.

Loss History

�

We require 4 years of currently valued carrier loss runs. Exceptions to this requirement may be made for new construction, gut rehabs, or new purchases.

�

Have there been any GL or Property claims in the last 4 years? (If yes, loss runs are required prior to quoting)

YesNo

�

Buildings with the following kinds of claims within the last four years are ineligible for the program

o Violent acts, such as assault, rape, or shootings
o Class action lawsuits
o Construction defect lawsuits

By checking this box, I agree that there have been no claims that meet the above description.