BUILDERS RISK
Written by Palomar Specialty Insurance Company
& Palomar Excess and Surplus Insurance Company
Both are “A (Excellent),” FSC XI, AM Best Rated Insurance Companies
CAPACITY:
•$20mm for superior construction – can beincreased for more desirable projects
•$20mm for wood frame for single familydwellings and garden style multi-familyprojects
•$15mm for wood frame for podium / singlestructure projects
•$10mm for renovations which can includeexisting structure at underwriter’s discretion –can be increased depending on project type
•Perils: All Risk
STATE GUIDELINES:
•Texas is commercial only business
•All other States: Entire State, Commercial &Residential
TARGET OCCUPANCIES:
•Single Family / Custom Homes
•Condominiums / Townhomes
•Residential Renovations
•Light Commercial Buildings
ELIGIBILITY:
•General Contractor with a minimum of 2years of experience
•Barrier islands & beachfront acceptablewith capacity limitations
•Protection Class 1-8 desired / 9-10requires further underwriting review
•Wildfire score less than 60
•No midterms more than 25% complete
ADMITTED STATES ACCESSIBLE THROUGH GEU:
•AL, AZ, CA, CO, DE, FL, GA, HI, KS, MD, MI, MO, MS, NC, NJ, NV, OH, OK, OR, PA, SC, TN, TX, UT, VA
NON-ADMITTED STATES ACCESSIBLE THROUGH GEU:
•AR, CT, DC, IA, IL, IN, MA, MN, MT, ND, NE, NM, NY, SD, VT, WA, WI, WV
If you need access to additional states, please reach out to GEU to see if we can accommodate your request.
