One80 offers commercial property coverage for associations, targeting ‘Best in Class’ Florida Garden Style Apartments. The policy focuses on commonly owned property, offering ISO Special and Broad Perils, with options like Ordinance or Law and competitive pricing for properties with strong wind-resistant features.
Florida Apartment Property Coverage Overview
The elegible classes and typical risks we focus on for this program are:
- Apartment Buildings & Complexes
- Garden Style & Mid-Rise – 7 stories or less
The available coverages we have to offer for this program are:
- Building
- Contents
- Inflation Guard
- Ordinance or Law
- ACV Roof
- Sinkhole
- Theft
- Vandalism
- Business Income and Extra Expense
- Wind driven precipitation limit at $250k
- Backup Sewers & Drains limit at $150k
- Special Cause of loss form
The highlighted features of this exclusive program include:
Deductible options
- AOP: $1k, $2500, $5k, $10k, $25k, $50k, $100k
- Hurricane: 2%, 3%, 5%, 7.5%, 10%
- Sinkhole: 3%, 5%, 10%
Total Insured Value
- Minimum – $5 million
- Single locations
- Maximum – $55 million
The submission requirements for this program are:
- ACORD 125 & 140 forms.
- Supplemental Application.
Prior to submitting check and confirm the following:
- No Federal Pacific Stab-lok, Challenger, Sylvania, Zinsco panels, aluminum wiring or fuses for over-protection
- No short-term rentals (<6 months)
- No hotel, motel, boarding, rooming issues
- 4 years of hard copy loss history.
- Statement of Value (SOV).
- No health care, hospital, clinic, adult, assisted or continued care facilities
- Section 8 & Student housing <15%