Mar '12
"Done Deals"-A Sampling
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Where:
Astoria, NY
What:
Joisted Masonry Construction, Retail / Tavern
Coverages:
Small Retail Business Program, $30,000 Contents, $1 million / $2 million General Liability
Premium:
$5,714
Why:
The insured needed to turn the quote around almost immediately and we were able to accommodate the timing they required.
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Where:
Bronx, NY
What:
Joisted Masonry Construction, Retail / Restaurant
Coverages:
Small Retail Business Program, $75,000 Contents, $1 million / $2 million General Liability
Premium:
$1,780
Why:
Our incredibly fast service did it again! We’ve had a long-standing relationship with this client and are preferred market.
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Where:
Jamaica, NY
What:
Joisted Masonry Construction, Retail / Tavern
Coverages:
Small Retail Business Program, 100K Contents, $1 million / $2 million General Liability
Premium:
$3,652
Why:
Distinguished’s competitive pricing on this line of business attracted the broker and the quality of service and quick response time sealed the deal.
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Where:
Seattle, WA
What:
Multi-story, Framed Construction, Apt, 47 units, TIV $6,011,000
Coverages:
CHIP (Small Urban Multi-Family Building Package Program) & $5 million Umbrella for five locations
Premium:
$13,903
Why:
For the coverage provided the price was unbeatable, and the Umbrella covered a bunch of locations for not that much more.
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Where:
MT, WA
What:
Multi- story, Framed Construction, Commercial/Vacant Land, 200,000+ units
Coverages:
$15 million Umbrella
Premium:
$3,809
Why:
Really liked the type of risk we can schedule under one per location aggregate, especially for the price!
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Where:
Minneapolis, MN
What:
4 story, Joisted Masonry Construction & Brick Veneer, Apartment, 71 units, TIV $8,216,958
Coverages:
CHIP (Small Urban Multi-Family Building Package Program)
Premium:
$19,268
Why:
Distinguished has great services and an easy process for submitting business.
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Where:
Chicago, IL
What:
3 story, Joisted Masonry Construction, Apartment, 3 units, TIV $1,160,000
Coverages:
CHIP (Small Urban Multi-Family Building Package Program)
Premium:
$3,501
Why:
The insured liked locking in the rate for 3 years.
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Where:
Chicago, IL
What:
3 story, Joisted Masonry Construction, Apartment, 42 units, TIV $4,540,000
Coverages:
CHIP (Small Urban Multi-Family Building Package Program)
Premium:
$11,361
Why:
Provided great coverage at a good premium.
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Where:
New York, NY
What:
3 story, Joisted Masonry Construction, Apartment, 5 units, TIV $2,600,000
Coverages:
NYBB (Small Urban Habitational Brick & Brownstone Buildings)
Premium:
$5,052
Why:
Liked the ease of doing business & having Distinguished as a market for these properties.
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Where:
Brooklyn, NY
What:
4 story, Joisted Masonry Construction, Apartment, 16 units, TIV $2,190,000
Coverages:
NYBB (Small Urban Habitational Brick & Brownstone Buildings)
Premium:
$7,356
Why:
Met the required coverage needs and writing the business was fast and efficient.
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Where:
Brooklyn, NY
What:
2 story, Joisted Masonry Construction, Apartment, 1 unit, TIV $450,000
Coverages:
NYBB (Small Urban Habitational Brick & Brownstone Buildings)
Premium:
$1,209
Why:
Extremely competitive 3 year premium, including additional coverages such as Sewer & Drain Back Up and, Flood, & Earthquake.
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Where:
Queens, NY
What:
2 story, Joisted Masonry Construction, Apartment, 3 units, TIV $920,000
Coverages:
NYBB (Small Urban Habitational Brick & Brownstone Buildings)
Premium:
$2,093
Why:
Insured wanted to place both pieces of business on one policy with a trusted market.
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Where:
New York, NY
What:
4 story, Joisted Masonry Construction, Apartment, 9 units, TIV $1,480,000
Coverages:
NYBB (Small Urban Habitational Brick & Brownstone Buildings)
Premium:
$5,037
Why:
The broker took advantage of the 50% discounted premium on the Umbrella by placing the underlying coverage for the apartment with Distinguished.
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Where:
New York, NY
What:
110,059 square foot museum, storage and office space
Coverages:
$25 million Umbrella Liability for Museums
Premium:
$11,075
Why:
More competitive than the incumbent and the Umbrella provides excess over a $1 million D&O policy.
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Where:
New York, NY
What:
57,000 square foot museum
Coverages:
$10 million Umbrella Liability for Museums
Premium:
$13,847
Why:
Umbrella will also write over D&O with defense inside the limits.
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Where:
South Carolina & Georgia
What:
Apartment, 2581 units
Coverages:
$25 million Umbrella
Premium:
$25,269
Why:
The broker decided to quote/bind with us as our application process is easy & turnaround time is fast.
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Where:
Nevada & Arizona
What:
Various Stories, Apartment, 3070 units
Coverages:
$25 million Umbrella
Premium:
$25,541
Why:
Account was received 48 hours before binding and we were able to turn the account around quickly in order to bind coverage.
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Where:
New York
What:
Various Stories, Condo, 231 units
Coverages:
$200 million Umbrella
Premium:
$11,616
Why:
Insured wanted a high limit at an affordable price.
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