E&S Property
Coverage for today's complex risks
Coverage details
- Specifically tailored for individual risks
- Forms: ISO-based and manuscript
- $25MM capacity per risk
- $10K minimum AOP deductible
- $25K minimum flood/earthquake deductible in each occurrence
- $25K minimum premium
- $500MM maximum total account insured value
- Coverage enhancement and broadening forms available
- Equipment Breakdown coverage — TechAdvantageTM
- Monoline flood/earthquake and DIC coverage
- Coverage available for town protection classes 7-10
- Shared and layered capacity
- Deductible buyback coverage
- Policies available: 100% ground up, primary, quota share, and excess
- Exclusions: fronting, reinsurance of captives or risk pools, facultative reinsurance
E&S coverage is available through our select broker distribution network.
Target classes
Excess only for habitational risks, food production/processing, woodworker/sawmill
Excluded classes: dealers open lot, stock throughput, ocean or inland marine, builders risk, cannabis, pharma, primary habitational of frame construction, chemical blending, petrochemicals, crop growing, energy production, fertilizer manufacturing/distribution/storage, livestock, flammable liquid workers
Claims scenarios
A shipyard located in an evacuation zone was required to move some of their sensitive equipment in preparation for an imminent storm. Because the company had comprehensive property insurance tailored to its needs, they had complete insurance coverage for the relocation of the equipment.
A hotel was destroyed by a hurricane. Since the hotel had property insurance, they were covered for loss of business income and cost to remove debris and rebuild, as well as cost to replace damaged business equipment.
The main electrical switchgear for a building experienced electrical arcing. Staff sprayed chemical fire extinguishers on it to prevent fire, but this did not stop the arcing. The switchgear and cabling were destroyed, requiring complete replacement. Since the building owner had Equipment Breakdown coverage, the $90,000 cost of replacement was covered.
Download our E&S Property Overview
About Munich Re Specialty Insurance
Munich Re Specialty Insurance (MRSI) is a description for the insurance business operations of affiliated companies in the Munich Re Group that share a common directive to offer and deliver specialty property and casualty insurance products and services in North America.
For more information on MRSI, including licensing, regulatory-required, and other information on the operating companies, please click here.
