Preferred Property Program

Office Hours

OUR NORMAL OFFICE HOURS ARE MONDAY THROUGH FRIDAY FROM 9:00 AM TO 4:30 PM E.S.T.

Restaurants

Coverage Highlights

RestaurantWe now have Equipment Breakdown coverage available for your restaurant clientele. We have designed this program to specifically target the needs of your clients’ restaurant exposures, at a very competitive rate; with higher sub-limits than are typically found with our competitors.

Our standard quote is for a combined Property Damage, Business Income and Extra Expense limit of $500,000. We can offer optional combined limits of $1,000,000 and $2,500,000. One great feature of our program is the combination of one deductible for property damage and spoilage losses; many other companies offer two separate deductibles. We have added a Utility Interruption endorsement which provides coverage going all the way back to the power grid, as opposed to within 1,000 feet of described premises. These are just a few of the enhancements we have put together for this class of business.

Combined PD and Spoilage Deductible $1,000 & $2,500 options

We have binding Authority to $20,000,000 in Property Limits!

Minimum Premium of $400! A-Rated Paper

Coverage:
Comprehensive Form Covering Boilers, Pressure Vessels, Mechanical & Electrical Machines including Air Conditioning, Refrigeration Equipment Electrical Apparatus and Electronic Computer or Electronic Data Processing Equipment including Production Machines

Combined PD, BI/EE; Ordinary Payroll:

  • At desired limit of $500,000, $1,000,000 or $2,500,000.
  • Property Damage Including Property in the Insureds Care Custody and Control and EDP Equipment

Combined PD and Spoilage Deductible:

  • $1,000 or $2,500 options

Sub Limits:

  • $50,000 - Spoilage
  • $50,000 - Utility Interruption
  • $100,000 - Water Damage
  • $100,000 - Ammonia Contamination
  • $100,000 - Expediting Expense
  • $100,000 - Hazardous Substance
  • $500,000 - Demolition Increased Cost of Construction

Business Income:

  • Combined with PD - Combined Business Income Including Extra Expense; and Ordinary Payroll
  • Deductible - 24 hours

Utility Interruption:

  • Electric, Gas, Steam and Water - Coverage is provided back to the originating power grid
    (not limited to within 1,000 feet).
  • Limit - Combined - as respects EE
  • Waiting Period - 24 Hours
  • Deductible - 24 Hour - As respects BI
  • Part of Combined - As respects Spoilage

Conditions:

  • 30 days - Notice of Cancellation except Non Pay
  • 90 days - Automatic Coverage for New Locations PD & BI

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For questions or more information, please contact us by phone or email.

  • Hot line: (888) 548-2465
  • Fax: (732) 946-0547

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