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Florida Habitational Property Program

The Florida Habitational Property Program is a high-valued property program for commercial residential accounts in Florida. The classes of business we consider are condominiums, luxury apartments and office condominiums. To qualify the property must be more than 1/2 mile (2500 feet) from tidal waters and cannot be located on barrier islands. Typically we write properties of Joisted Masonry (JM) or better construction that were built in 1995* or newer. We will, however, consider frame construction in Central and Northeast Florida. EFIS construction is NOT eligible for this program.

 *Click here for information on "Effective date of construction" or "GUT Renovation" definitions.

Comprehensive coverages:

  • Real and personal property, $25,000,000* limits, *Higher limits may be available
  • Business interruption / Loss of rents
  • Extra expense
  • Building ordinance or law
  • Outside Signs
  • Multiple wind deductible options
  • $10,000 minimum premium

Eligible Risks:

  • Condominiums
  • Luxury apartments
  • Office condominiums

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Warehouse

Commercial (Multi-Class) Property Program

The "Commercial Property Program" is our newest facility.

This program will now consider habitational condominiums in central and northern Florida dated 1980-1994.  Roofs will need to have been REPLACED during the past 10 years.
 
This nationwide program is designed to write all types of low to medium-hazard properties including adult living facilities, hotels/motels, medical offices, shopping centers, restaurants, warehouses and churches.  Outside of Florida, we can write condominiums, luxury apartments and office condominiums. We consider all construction classes and write older properties with appropriate updates. The property must be more than 1/2 mile (2500 feet)  from tidal waters and cannot be located on barrier islands. The program is primarily intended for AL, FL, GA, LA, MD, NC, NJ, SC, and VA properties, but other locations may be eligible (call for details). EFIS construction is NOT eligible for this program.

Comprehensive coverages:

  • Real and personal property, $20,000,000* limits, *Higher limits may be available
  • Business interruption / Loss of rents
  • Extra expense
  • Outside signs
  • $7,500 minimum premium

Eligible risks (but not limited to):

  • Condominiums (1980*-1994 when located in other than Tri-county South Florida) 
  • Luxury apartments
  • Office condominiums
  • Churches
  • Distributors
  • Hotels / Motels
  • Light industrial manufacturing
  • Medical offices
  • Model homes
  • Office buildings
  • Retail operations
  • Strip malls & Shopping centers
  • Rental dwellings
  • Restaurants & Catering operations
  • Warehouse/Commercial condos

*Click here for information on "Effective date of construction" or "GUT Renovation" definitions.

Qualifications:

  • 1978 or newer construction
  • All construction classes (No EFIS)
  • Must be more than 1/2 mile (2,500 feet) from tidal waters
  • No barrier islands
  • Nationwide coverage
    (limited in CA & TX)

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Sigma Underwriting ManagersSM. All rights reserved. Certain coverages may not be available in all states. Coverage will be written on a non-admitted basis only through licensed surplus lines brokers, The description here is a summary only, it does not include all terms, conditions and exclusions of the policies and coverages described.

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