High Value Homeowners

What we offer

We provide high value homeowner cover for a wide range of properties from hurricane exposed homes to vacant and seasonal rentals located in selected regions in the US on an excess and surplus lines basis. We work exclusively with wholesale brokers to cover their clients with:

Hurricane exposed homes in the Atlantic/Gulf area
Secondary, seasonal and rentals homes
Vacant, builders' risk and spec homes (built prior to the buyer purchasing it)

Product features

Monoline earthquake, excess flood, excess wind forms also available
All risk dwelling & contents coverage, personal property replacement cost
Water back, golf cart, identity fraud, and ordinance or law limit cover by default
Optional extended replacement cost, scheduled person property, and more

Capacity

Up to US$20,000,000 total insurable value per risk for Non-CAT exposed properties
Up to US$ 5,500,000 total insurable value per risk for CAT exposed properties
Excess flood limits up to US$5,000,000 for any combination of building and contents

CAT coverage

US$5,500,000 wind exposure
Non-California earthquake up to US$5,000,000 total insurable value per risk
Excess flood up to US$5,000,000 total insurable value per risk

How can we help

We provide coverage for high value homes and condominium units located in the US in both CAT exposed areas and interior regions. We offer coverage on an excess and surplus lines basis exclusively through wholesale brokers and underwrite via our Beazley Syndicates 623 and 2623 at Lloyd's.

Who we can help

High value homeowners in the US – all States (excluding Alaska and California) with:

Hurricane exposed homes in the Atlantic/Gulf area
Secondary, seasonal and rentals homes
Vacant, builders' risk and spec homes (built prior to the buyer purchasing it)

Where Is This Offered?

USA

The Beazley Difference

BEING BOLD

Freedom lies in being bold. We dare to be different and seek bold possibilities to create more innovative, fair and satisfying outcomes for our clients, brokers and employees. From insuring the highest building in the world, to the first commercial lunar vehicle to operate on the moon - we boldly go where others won’t.

STRIVING FOR BETTER

Good is a start, but we go all-out for better. A driven community of individuals relentlessly push the needle and creating value. From launching the market’s first dedicated ESG syndicate to the establishment of our business unit focusing on designing digital insurance solutions, we pride ourselves on always going above and beyond. Simply put, at Beazley we go to 11.

DOING THE RIGHT THING

Acting with integrity in a straightforward, decent way is instinctive. Open and honest with others, we show respect and empathy however challenging the situation – demonstrated by our multi-award winning claims team. Doing the right thing makes for a fair-minded, rewarding environment and makes work and life better for all.

Examples or Scenarios

A customer realised the benefit of purchasing sewer back cover when we paid over US$15,000 to help clean up and repair damage to their home.
The modern house is equipped with a spectrum of increasingly sophisticated equipment. This can bring unexpected cost when it breaks down. By choosing to purchase equipment breakdown cover customers can have peace of mind about being hit by sudden large expenses for repair or replacement.
Both the sewer backup and equipment breakdown covers are available to purchase within the one Beazley homeowners policy making it easy to contact us at times of need.