Novatae Risk Group

Hurricane season just started, and underwriters are already in CAT mode.

If you’re working on coastal or wind-exposed property, a clean COPE can be the difference between a quick quote and a long back-and-forth.

COPE = Construction, Occupancy, Protection, Exposure.

Tighten it early, and you give the market fewer reasons to hesitate.

Wind deductibles are getting bigger, and a lot of insureds don’t realize what that means until there’s a loss.

In his latest article, Daniel Ginden explains how wind deductible buy back coverage works, when it makes sense, and the key things retail agents should look for (triggers, attachment points, limits, and alignment with the underlying property policy).

Read more: https://hubs.la/Q04f7dj90

Got a private client account that’s hard to place?

High-profile. Prior losses. Unprotected. Multiple residences. Unique assets. Complex ownership.

Novatae Private Client Solutions is built for the accounts that need more than a standard approach, with access to high-net-worth markets and the flexibility to structure the right portfolio.

Learn more: https://hubs.la/Q04f7gvf0

Flood limits get real, fast.

The National Flood Insurance Program is a start, but for high-value homes, multifamily, and commercial properties, the standard limits can leave a serious gap. That’s where excess flood comes in, adding a layer above the primary flood policy once underlying limits are exhausted.

In his latest article, Ricky Jenkins lays out when excess flood is worth the conversation, how it’s typically structured, and the details agents should review (attachment points, deductibles, waiting periods, and whether the excess layer broadens or follows form).

Read more: https://hubs.la/Q04f7bLJ0