Niche Habitational (ON only)

Target Clients

  • Hard to place, non-standard risks

 

 

Coverage Features

 

  • 100% Guaranteed Replacement Value

  • Limited water damage coverage available

  • Home based business coverage available (max $100k annual revenues)

  • Rented Dwellings

  • Primary Residences

  • Seasonal Homes (ACV only)

  • Vacant Properties (ACV only)

  • Aluminum wiring 

  • 60 AMPS with ESA certification

 

Underwriting Considerations

  • 12-month policies only

  • up to 3 mortgages (including privates)

  • up to 3 NSF's

  • Seasonal Property- cannot be rentals

  • Vacant Dwelling- maximum 21 month vacancy

  • Rented Dwelling - Guaranteed Building Replacement Cost available

  • Minimum $1,000 deductible

  • Secondary, seasonal and vacant can each be standalone policies

  • All buildings to be insured 100% of their replacement cost