Online Property Underwriting Program:
Novus provides an unparalleled platform providing $10 million per risk and provides a single transaction solution to meet the coverage needs of your middle-market commercial property risks. The property program is through non-admitted A.M. Best A rated carriers.
Target Risks:
- Office
- Habitational risks (condo)
- Hotels & Motels
- Retail/Lessor’s Risk
- Municipalities
- Educational
- Light Manufacturing
- Restaurants
- Health clubs
- Educational
- Hospitals
- Warehouses
Geographical Specialty: Nationwide (including Tier 1 and Tier 2 CAT wind zones)
Target TIV: Up to 10M*
*Novus National Accounts Team handles general property risks with TIV more than $10M facultativly. Risks in excess of $50M will be placed open market on a quota share basis and can be uploaded through the online platform or submitted to schedules@novusunderwriters.com
Maximum Account Limit: Up to $10M per Risk Full Limit
Minimum Deductible: AOP $2,500; Wind/Hail deductible depends on miles to nearest body of water and state.
Submission Process: Via online platform. Accords or Statement of Values, Loss Runs, Target Premiums/Deductibles to be uploaded to Novus online platform or can be submitted directly to submissions@novusunderwriters