In SC, I have an LLC that owns 2 commercial LRO medical offices and 5...

In SC, I have an LLC that owns 2 commercial LRO medical offices and 5 rental townhomes. Originally wrote the townhomes with Foremost on a dwelling fire policy and the medical offices with Cincinnati on a BOP. Trying to quote an umbrella, but a commercial umbrella can’t sit above a dwelling fire policy, has to be a commercial GL policy. And their personal umbrella won’t extend - because the LLC owns commercial properties, the umbrella carrier will not add the LLC. Foremost does give the option to just cover the property, so I can put the GL for the townhomes with another carrier, but Cincinnati doesn’t want to pick that piece of it up. Any standard markets willing to write GL only on rental townhomes? I used to complain about people having a million different LLC’s for each property but now I understand at least one of the reasons why they do it!

Carriers Mentioned

Progressive Cincinnati State Auto Foremost

States

South Carolina

Agent Replies (14)

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View more answers Blake Tillman Rising contributor

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View 1 reply Alex Harrison All-star contributor Dude, working thru like 3 of those right now. & client never understands “why can’t we just bundle it all together & save a ton of money”. Does Cincy not want the townhomes at all or do they just not want it on a BOP?

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Answer as Justin Marshall Stine posted to Insurance Soup™ All-star contributor In SC - has anybody heard of an AIAI? No idea what that acronym stands for, we lost a nice sized HOA association to them. Only information the property manager gave me was that they placed the coverage with AIAI.

States: South Carolina
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Comment View more answers Austin Huxford Associations Insurance Agency Inc.

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View all 2 replies Chris Kelleher Rising contributor It’s an aggregator, not a carrier

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Comment View more comments Vania Laudner-Thompson This is how we show moral character in this business!

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Oliver Connor Top contributor Well done, sir. Proud of you.

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Comment as Justin Marshall Stine posted to Insurance Soup™ All-star contributor Edit to add: In SC, beware of adding drivers mid-term on a Progressive commercial auto policy. 1 vehicle with Progressive, went from $5K/year to $16K/year. We added some drivers during the term, adding the drivers actually brought the premium down. Janitorial/Cleaning type of business that provides water/mold/fire damage remediation so that kicks it out of a lot of standard markets (even on the auto side which is wild to me). At r… See more All reactions:

Carriers mentioned: Progressive
States: South Carolina
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Comment View more answers Raymond Budnik Top contributor Yeah progressive does that, imagine what it does to a trucking company

Carriers mentioned: Progressive
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Francheska Allen Rising contributor For future reference, please know that adding more drivers to a household, especially when the drivers outnumber the vehicles, premium will almost always increase. The reason for this is: You have one person rated, so they’re driving the van around t… See more

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View all 3 replies Answer as Justin Marshall Stine posted to Insurance Soup™ All-star contributor Edit: State is SC Has been a while since I've written a risk like this one - 180 acres, in LLC name, LLC is owned by 4 partners/owners that will use it basically as a vacation/secondary residence, private use only. Land will be hunted on, no farming, timber tract operations, etc. Home, Barn, Tractor & Golf Cart. Thinking this will have to go E&S unless someone knows of a standard market. All reactions:

States: South Carolina
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Comment View more answers Misty Harrington Top contributor Oh man, let me know what you find! I need something similar. Company purchased hunting ops but only using it for entertaining clients. No revenue so the hunting lodge type folks won't take it.

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View all 2 replies Carol Markl Swanson All-star contributor Who hunts on it? mSA or State Auto

Carriers mentioned: State Auto
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View 1 reply Answer as Justin

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