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Not all risks meet the criteria for package policies, but rental properties, seasonal dwellings, and non-standard owner-occupied dwellings present opportunities if you have monoline
policies to insure them. Also, you don't want your customers to find out after a loss that they did not have adequate insurance for valuable personal property.
AAIS Personal Monolines provide a full range of alternatives for writing property and/or liability coverage for residences and personal property. With these lines at hand, you will have underwriting flexibility to extend or limit coverage to meet the specific needs of each insured.
Each of the following products features booklet-style forms designed to stand alone or be packaged with other forms. Each comes with a wide range of optional endorsements, simplified rating procedures, and simplified fire protection classifications.
Dwelling Properties
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Includes three residential property forms--basic perils, broad perils, and open perils--providing five levels of coverage
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Each form includes four principal coverages: residence, related private structures, personal property, and additional living costs/fair rental value
(CLICK HERE for our Farm Properties Program.)
Landlord's Package
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Provided as part of the Dwelling Properties Program
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Consists of the industry's first standard endorsement option for insuring a landlord's premises liability exposure for small rental units (1-4 family)
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Features simple composite rating, similar to a homeowners policy
Personal and Premises Liability
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Provides three principal coverage forms: personal liability, farm personal liability, premises-only liability for 1-4 family dwellings
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Coverages are analogous to those provided
in liability sections of standard homeowners package policies
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Options are available for excluding lead liability, pollution liability, and punitive damages
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