| MiddleOak is pleased to announce the availability of blanket limits at the location level for buildings and business personal property—giving you another loss settlement option when designing the optimal coverage program for your client.
Coverage details include:
- Optional blanket limit based on location, applicable to building and BPP coverages
- Loss settlement based on replacement cost
- Blanket limit amount based on the sum of the building and BPP values for that location
- Building values established with MiddleOak's disciplined approach using BVS software linked to the building screen in Quic
- Blanketed property premium approximately 1% lower than that for guaranteed replacement cost (GRC)
- Locations placed on blanket or specific limits
- Buildings at a given location written either blanket or specific
- Eligible blanket coverage for large majority of buildings
- Buildings valued up to $3,500,000 qualify for blanket (higher-valued buildings may also qualify, depending on construction, age and fire divisions)
- Schedule of Building and Business Personal Property Blanket Limits during quote proposal and policy, along with blanket limits and any buildings carved out for coverage on specific limits
The Worlds Apart—Apartment Program and CAPsure—Community Association Program is currently available to member agents in AR, AZ, CO, DE, GA, IA, ID, IN, KY, MD, ME, MI, MO, MT, NH, NJ, NY, NV, OH, OR, PA, SC, TN, UT, VA, VT, WA and WI, and pending approval in Maryland.
For more information, visit Big "I" Markets. |