Program Administrators - Coastal Insurance Underwriters, Inc.
Coastal Insurance Underwriters, Inc.
Programs & Coverages:
Residential Condominium Association Package & Umbrella , Homeowners Association Common Area Package & Umbrella, Commercial or Office Condominium Association Package, Difference in Conditions Wrap-Basic Form Wrap Around, Mold & Sewer Backup, Monoline Directors & Officers/EPLI, Monoline Crime, Equipment Breakdown Program, Pool & Spa Contamination Coverage including Environmental Impairment Liability, Golf Course and Country Club Package - Florida, Workers Compensation, Cyber Liability, Legal Defense Gap, Golf Course and Country Club - Inland Marine, Specialty à la Carte Homeowners Coverages™, Personal Umbrella
Coastal Insurance Underwriters, Inc. (Coastal) is a program administrator specializing in designing, creating, and managing insurance products for a variety of business classes, including condominium associations, homeowner associations and golf and country clubs.
Some of our “turn-key” solutions for our clientele include:
Web based program underwriting
Real time policy quotes and policy issuance
Highly Customizable policy systems and automation
Automated accounting and financial reporting
Agency relations and management
Product marketing to retail agents
Coordination of claims handling
Internal modeling and predicative analytics
We enjoy delivering solutions for challenging and unique marketplaces, and leveraging use of automation to provide a simple solution for even the most complex insurance “opportunity.”
We highly value our agents and strive to provide not only quality products, but provide a web based single entry platform automation as well as a skilled professional underwriting team.
A full line of coverages for Residential Condominium Associations including Property, General Liability, Crime, D&O/EPLI, Liquor Liability, and Small Limit Umbrella. Property coverage excludes wind in Georgia, Florida, and Texas in coastal areas.
Classes Considered:
Residential Condominium Associations
Coverages Offered:
Property Including OR excluding wind (available mono-line)
General Liability including Non-Owned and Hired Auto
Commercial Crime
Directors and Officers / EPLI Liability
Commercial Umbrella
Features and Options:
Property Enhancement Endorsement
Property deductibles ranging from $2,500 to $25,000 each occurrence
Business Income- Loss Assessment Coverage
Guaranteed building replacement cost
Agreed Amount Property option
Blanket Property Limit option
Primary Flood if not in a special flood hazard zone
Disappearing Property Deductible
Sewer and drain backup
Underground pipes, flues, and rains
Blanket loss assessment
Trees, Plants and shrubs
Greensurance for environmental friendly property upgrades
Ordinance or Law- Excluding Wind for 100% Full A Coverage with options for B&C Coverage of 2.5%, 5%, and 10%
Ordinance or Law- With Wind for 100% Full A Coverage with options for B&C Coverage of $20,000, $500,000, $750,000 or $1,000,000
Ordinance or Law- With Wind for 100% Full A Coverage with options for B&C Coverage of $20,000, $500,000, $750,000 or $1,000,000
Environmental Impairment Liability/Pool & Spa Contamination with Limit Options of $250,000, $500,000 or $1,000,000
Earthquake
General Liability Enhancement Endorsement
Pesticide Herbicide Liability
Employee Benefits Liability
Liquor Liability
GL Mold liability
Optional $2M/4M General Liability option
Garagekeeper's Direct Primary with limit options of $250,000, $500,000, or $1,000,000
Employee Theft Coverage
Discovery or Loss Sustained Coverage Form
Blanket Crime for Employee Theft, Money, Securities, Forgery & Alteration, Money Order & Counterfeit Currency, Funds Transfer Fraud, and Computer Fraud
Guaranteed Compliance Employee Theft Option
Social Engineering (Deception Fraud) Coverage Option
Umbrella included D&O/ EPLI with limit options of $1M, $2M, or $5M
Eligible classes include Homeowner Association Common Areas. Lines of coverage include Property, General Liability, Crime, D&O/ EPLI, Liquor Liability, and Umbrella. Property with Wind and Excluding Wind are offered.
Classes Considered:
Residential Homeowners Associations Amenities
Residential & Commercial Planned Unit Developments
Coverages Offered:
Property Including OR Excluding Wind
General Liability including Non Owned and Hired Auto
Commercial Crime
Directors and Officers / EPLI Liability
Commercial Umbrella
Features and Options:
Property Enhancement Endorsement
Property deductibles ranging from $1,000 to $25,000
Florida: Named Storm and Hurricane Only deductible options of 1%, 2%, 3%, 5%, and 10%
Texas:
Named Storm and Hurricane Only deductible options of 2%, 3%, 5%, and 10% in Tier 1.
Tier 2-4 subject to all other perils deductible
Texas: Special flat hail damage deductible applies in certain counties
Agreed Amount Property option
Blanket Building Coverage option
Disappearing Property Deductible
Greensurance for environmental friendly upgrades
Ordinance or Law
Primary Flood if not in a special flood hazard zone
General Liability Enhancement Endorsement
Environmental Impairment Liability/ Pool & Spa Contamination with Limit Options of $250,000, $500,000 or $1,000,000
Pesticide Herbicide Liability
Employee Benefits Liability
Liquor Liability
GL Mold liability
Optional $2M/4M General Liability option
Garagekeeper's Direct Primary with limit options of $250,000, $500,000, or $1,000,000
Employee Theft Coverage
Discovery or Loss Sustained Coverage Form
Blanket Crime for Employee Theft, Money, Securities, Forgery & Alteration, Money Order & Counterfeit Currency, Funds Transfer Fraud, and Computer Fraud
Guaranteed Compliance Employee Theft Option
Social Engineering (Deception Fraud) Coverage Option
Umbrella included D&O/ EPLI with limit options of $1M, $2M, or $5M
Eligibility and Authority Levels:
$10,000,000 per building in non-coastal areas or if excluding wind
Commercial or Office Condominium Association Package
Eligible States: Alabama, Florida, & Texas
AM Best A Rated
A full line of coverages for commercial Condominium Associations occupied by offices, retail and other select occupancies. Lines offered included Property, General Liability, Crime, D&O/EPLI, Liquor Liability, and Small Limit Umbrella. Property coverage excludes wind in Florida, Alabama, and Texas.
Classes Considered:
Commercial or Office Condominium Associations
Coverages Offered:
Property excluding wind (available mono-line)
General Liability including Non-Owned and Hired Auto
Commercial Crime
Directors and Officers / EPLI Liability
Commercial Umbrella
Target Profile:
Low public traffic office condominium association buildings, but will consider other risks
Features and Options:
Property Enhancement Endorsement
Property deductibles ranging from $2,500 to $25,000 each occurrence
Business Income- Loss Assessment Coverage
Guaranteed building replacement cost
Agreed Amount Property option
Blanket Property Limit option
Primary Flood if not in a special flood hazard zone
Disappearing Property Deductible
Sewer and drain backup
Underground pipes, flues, and rains
Blanket loss assessment
Trees, Plants and shrubs
Greensurance for environmental friendly property upgrades
Ordinance or Law- Excluding Wind for 100% Full A Coverage with options for B&C Coverage of 2.5%, 5%, and 10%
Environmental Impairment Liability/Pool & Spa Contamination with Limit Options of $250,000, $500,000 or $1,000,000
Earthquake (Available in Florida, Alabama)
General Liability Enhancement Endorsement
Pesticide Herbicide Liability
Employee Benefits Liability
Liquor Liability
GL Mold liability
Optional $2M/4M General Liability option
Garagekeeper's Direct Primary with limit options of $250,000, $500,000, or $1,000,000
Employee Theft Coverage
Discovery or Loss Sustained Coverage Form
Blanket Crime for Employee Theft, Money, Securities, Forgery & Alteration, Money Order & Counterfeit Currency, Funds Transfer Fraud, and Computer Fraud
Guaranteed Compliance Employee Theft Option
Social Engineering (Deception Fraud) Coverage Option
Umbrella included D&O/ EPLI with limit options of $1M, $2M, or $5M
Difference in Conditions Wrap-Basic Form Wrap Around
Eligible States: Florida
AM Best A Rated
We provide the “Special Form” only perils to supplement the basic perils coverage provided by the Citizens or other basic peril only property insurers. The intention is to insure perils such as water pipe breakage, theft, collapse or falling objects, and satisfy the mortgagee requirement of a Special Form policy. Eligible classes include condominium associations, homeowner associations and commercial risks.
Classes Considered:
Residential Condominium Associations
Commercial Buildings
Apartments
Coverages Offered:
Special Form Only Coverage
Guaranteed building replacement cost
Deductible options of $2,500, $5,000 or $10,000
Optional Mold and Sewer Backup Option with Limits of $25,000/ $50,000
Optional Named Peril Ordinance or Law Limit Options
Coverage A: $1,000,000 or $500,000
Coverage B & C Blanket Options: $100,000, $250,000, $500,000, $750,000 & $1,000,000
The following coverages are not available on Frame or JM buildings built prior to 1990:
Coverage A: $1,000,000 and Coverage B&C: $750,000 & $1,000,000
Eligibility and Authority Levels:
Up to $50,000,000 per building
Age of building 1970 or newer
Polybutylene, cast iron, or galvanized piping is not eligible
Central station alarm required for most commercial classes
Mono-line coverage for Limited Named Peril Mold or Sewer Coverage as a result of water damage caused by accidental discharge or leakage from a plumbing, heating, air conditioning system, or appliance or as a result of water back up and sump discharge or overflow. Coverage is offered to condominium and homeowner associations. A major feature is the claims service automatically included which relieves the property manage or managing a complicated mold claim if they have not purchased this coverage.
Classes Considered:
Residential Condominium Associations
Residential Homeowner associations
Coverages Offered:
Limits of $25,000 each occurrence/ $50,000 Aggregate
Deductible options of $2,500, $5,000 or $10,000
Eligibility and Authority Levels:
Age of building 1970 or newer
Polybutylene, cast iron, or galvanized piping is not eligible
Monoline Directors & Officers/Employment Practices Liability coverage available standalone. Option to choose coverage from (Gold or Silver) and option to remove Employment Practices Liability coverage.
Classes Considered:
Residential Condominium Associations
Residential Homeowner Associations
Commercial Condominium Association
Coverages Offered:
Limit of $1,000,000
Continuity of Coverage endorsement available
Named insured entity coverage included
Full prior acts included (subject to warranties)
Duly elected or appointed past, present or future directors, officers or trustees included as insureds
Spouses, committee members, volunteers, estates, employees, temporary workers included as insureds
Property management employees included as insureds
Property Manager Entity included
D&O Coverage extended for insureds serving on outside not for profit boards with written approval (i.e. Community Association Institute)
Non-monetary and monetary damages included
Criminal final adjudication language included
Pay on behalf wording
Duty to defend form
As soon as practicable claim reporting language
Broad definition of claim including civil and criminal proceedings
Claim definition includes arbitration
Full severability for innocent insureds (severability for each insured)
Punitive damages included where insurable
Consideration given for insureds choice of counsel
Employment practices liability included for no additional premium for all insureds no matter what size
Defense cost for ADA claims included
Oral or written publication of material unless published with knowledge of its falsity
Bilateral discovery included
12 & 36 month supplemental extended reporting period options available for additional premium
Leased employees included in as insured person for EPLI
Defense costs for failure to maintain insurance
No exclusion for noise or interference with quiet enjoyment
Defense and settlement provision 50%/50% with insured (soft hammer clause)
Low $1,000 deductible even on larger associations
Developer controlled boards can be considered
Eligibility and Authority Levels:
Any D&O claim in the past 3 years are referrals to CIU
Properties with less than 100% replacement cost on wind policy are ineligible
Properties with less than full NFIP Flood Limits, if within 1,000 ft of water, or in SFHA are ineligible
Eligible States: Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, Tennessee, Texas, Virginia
AM Best A Rated
A specially discounted program for electrical and mechanical equipment breakdown coverage for apartments, homeowner associations, and condominium associations. Other classes of boiler coverage are also available on a brokerage basis.
Classes Considered:
Residential Condominium Associations
Homeowner Associations
Apartments
Condominium Hotels
Timeshares
Cooperatives
Commercial Condominium Associations
Features and Benefits:
Total Limit per breakdown including property damage and business income: $75,000,000 Maximum Per Single Building and $200,000,000 Maximum Per Association or all insured locations
Business Income ”Period of Restoration” Extension: 30 days
Extra Expense: $100,000
Extra Expense “period of restoration” extension: 30 days
Spoilage Damage: $250,000
Utility Interruption: $250,000
Coverage only if Interruption lasts at least: 24 Hours
Pool & Spa Contamination Coverage including Environmental Impairment Liability
Property Owners Protector Plan RPG
Eligible States: Florida
AM Best A Rated
Our exclusive Risk Purchasing Group provides environmental impairment first and third party coverage for pollution conditions as well as legal defense expenses for residential homeowner and condominium associations. One of the essential needs for this product is to provide contamination protection for spas and pools from bacteria and viruses. Premium average in $750 to $1000 range.
Classes Considered:
Residential Condominium Associations
Homeowner Associations
Golf Courses
Coverages Offered:
Environmental Impairment Liability, First and Third Party Coverage including cost of clean up
Limits Available:
$250,000 Per Occurrence/ Aggregate
$500,000 Per Occurrence/ Aggregate
$1,000,000 Per Occurrence/ Aggregate
Retention:
$5,000 Per Occurrence
Storage Tanks
Underground Storage Tanks (USTs) must be scheduled
Policy Exclusion:
Known circumstance or condition
Fines, penalties, punitive and multiple damages
Employer’s liability
Workers compensation and similar laws
Contractual liability
Property
Transportation
Divested Property
Nuclear or radioactive waste and materials
Goods, products, or materials
Intentional Acts
Hostile Acts
Mold Matter
Asbestos
Lead
Drywall
Offshore Oil and Gas
Underground storage tank (s), unless specifically scheduled on policy declaration
Unit and private storage area
Any claim, loss or environmental damage occurring prior to the retroactive date
Extended Reporting Period
Automatic extended reporting period of 60 days
Optional extended reporting period is not available
Eligibility and Authority Levels:
No prior environmental impairment liability claims in the past 5 years
Our comprehensive golf and country club program is for the private or semi-private club. Coverages offered are property, general liability, crime, wind on tees and greens, inland marine, umbrella, and professional.
Classes Considered:
Private and Semi-private Clubs
Coverages Offered:
Property
General Liability including Non Owned and Hired Auto
Commercial Crime
Inland Marine
Business Income/ Extra Expense
Commercial Umbrella
Features and Options:
Tees and greens available with wind or excluding wind
Golf Course Accessories Coverage
Errant Ball Property Damage to Non Owned Auto
Tennis and Golf Professional Liability
Property Enhancement Endorsement
Property deductibles ranging from $5,000 to $25,000
Named Storm Windstorm and Hurricane Only deductible options of 1%, 2%, 3%, and 5%
Combined deductible for Tees and Greens, Trees, Shrubs, and Plants including debris removal
Agreed Amount Property option
Blanket Building Coverage option
Disappearing Property Deductible
Greensurance for environmental friendly upgrades
Ordinance or Law Coverage- 100% Full Coverage A with options for B&C Coverage of $100,000, $200,000 or $500,000
Environmental Impairment Liability/Pool & Spa Contamination with Limit Options of $250,000, $500,000 or $1,000,000
Primary Flood if not in a special flood hazard zone
General Liability Enhancement Endorsement
Expanded Who is Insured extension
Pesticide Herbicide Liability
Employee Benefits Liability
Liquor Liability
GL Mold liability
Garagekeeper's Direct Primary
Spoilage
Food contamination extra expense/business income/ advertising expense
Business Income/ Extra expense from dependent properties
Service error and omissions
Merchandise withdrawal expenses
Distilled spirits and wines market value
Employee Theft Coverage
Discovery or Loss Sustained Coverage Form
Blanket Crime for Employee Theft, Money, Securities, Forgery & Alteration, Money Order & Counterfeit Currency, Funds Transfer Fraud, and Computer Fraud
Social Engineering (Deception Fraud) Coverage Option
Guaranted Compliance Employe Theft Option
Umbrella with limit options of $1M, $2M, or $5M
Umbrella including D&O in the excess if requested as an option
Eligible States: Alabama, California, Florida, Georgia, North Carolina, South Carolina, Tennessee, and Texas,
AM Best A Rated
In house authority program for community associations which have no employees on an “if any” basis or the association with employee payroll. The option to include voluntary compensation coverage is offered.
Classes Considered:
Residential Condominium Associations or Homeowner Associations
Coverages Offered:
Coverage A Statutory Limits
Coverage B Employers Liability $500k/$500k/ $500k
Voluntary Compensation if they qualify
Minimum Payroll or Number of Employee
“If Any” or with Payroll are considered
1 or 2 Full- Time Employees (or Part- Time equivalent) with payroll:
Duties related to typical daily building management only
Not for remodeling, major renovation or storm clean-up
Certificates required for all subcontractors
“If any” Coverage Terms Subject To:
Association not having direct employees or payroll
No worker’s compensation losses in the past three years
Association must not be aware of any circumstance or injury that may result in a worker’s compensation loss
All significant work must be performed by licensed and insured contractors with appropriate experience
All subcontractors must provide proof of Workers Compensation coverage
Volunteers must be pre-approved by an official motion of the Association Board
No special activities that involve sporting events, off premise activities, alcohol consumption, fund raising, operation of power machinery, or any other high hazard risk sponsored by the association
No Owners/ Members who perform voluntary maintenance services for the association’s common elements
All volunteer work must be limited in scope to basic tasks that require no specific training or experience
Eligible States: Alabama, Florida, Georgia, Tennessee, and Texas
AM Best A Rated
Monoline Cyber Liability coverage available standalone for condominiums, homeowners associations, and golf and country clubs.
Classes Considered:
Residential Condominium Associations
Commercial Condominium Associations
Timeshares
Cooperatives
Homeowner Associations
Golf and Country Clubs
Coverages Offered:
Cyber Liability (Privacy and Cyber Security)
Breach Costs
Regulatory Defense, Fines, Penalties, Awards
Multimedia Liability (Media Wrongful Act)
Cyber Extortion and Ransomware
Data Recovery (Business Interruption and Extra Expense)
Social Engineering
Features and Options
Property Manager automatically included
Limits offered include $100,000, $250,000, $500,000 and $1,000,000 Annual Aggregate plan options
Deductible: $5,000 Each Incident or Event
Continuity Date: Inception of Policy
Terrorism Included
Eligibility and Authority Levels
No claims or complaints with respect to privacy, a breach of information or network security, unauthorized disclosure of information during the past 5 years
Applicant must not be aware of any fact, circumstance, situation, event or transaction which may give rise to a claim or loss under the proposed insurance or to any obligation to provide breach notification to any third party
Applicant has not been subject to any government action, investigation or subpoena regarding any alleged violation of a privacy law or regulation
Applicant has not notified consumer or any other third party of a data breach incident involving the applicant
Applicant has never experience an actual or attempted extortion demand with respect to its computer systems
Gross Annual Revenue up to $4M (Refer to underwriting for higher revenue)
More & more insurance companies are denying claims due to exclusions or other policy loop holes. When this happens association boards face tens of thousands of dollars in uncovered legal expenses.
This policy provides Unlimited Defense of the claim or lawsuit through trial with NO Deductible, which provides your association with an additional level of protection.
Classes Considered:
Condominium Associations
Homeowner associations
Co-Op
Apartment complex
Hotel
Commercial Office Structure
Coverages Offered:
Unlimited legal defense through trial with no deductible for General Liability, Directors & Officers, and Property policies
Eligibility and Authority Levels:
Insured involved in any lawsuit or legal claim in the past 5 years- considered for additional premium
Complaints been filed against insured with a state, county, or government agency- considered for additional premium
Golf Course and Country Club - Inland Marine
Eligible States: Florida
AM Best A Rated
Monoline coverage for inland marine equipment of golf and country club. Coverage includes scheduled equipment, electronic data processing equipment, employee tools, and fine arts.
Classes Considered:
Golf and Country Clubs
Coverages Offered:
Scheduled Equipment
Golf carts, mowers, backhoes, trailers, and tools that customary to maintenance of golf course
Autos used for maintenance on premises not licensed for road use
Security patrol mobile radios
Security cameras
Floating Aeration Pumps
Generators Used on Premises
Other communication equipment
Employee Tools
Unlisted Equipment & Tools
Electronic Data Processing Equipment
Features and Options:
Broad appetite for items considered scheduled equipment
Replacement cost on items less than 5 years old
Contractor’s spare parts- $25,000
Cost of inventory or appraisal- $5,000
Electronic data recovery- $100,000
Expediting Expenses- $2,500 per occurrence
Fire Protection Equipment- $5,000
Leased, Borrowed, and Rented Coverages- $100,000
Newly Acquired Equipment- $250,000 for 180 days
Replacement Items: Rental Cost- $5,000
Replacement Items- Loss or Damage to Replacement Items- $100,000
Flood Coverage in non-special hazard flood zones
Eligibility and Authority Levels:
Schedules up to $2,000,000 (higher limits can be considered)
Equipment must be secured and locked overnight
Golf carts must be kept in a ventilated and secure building overnight
Specialty à la Carte Homeowners Coverages™
Eligible States: Florida
The Specialty à la Carte Homeowners Coverage™ includes options to supplement the typical Florida homeowners or dwelling policy which often excludes or provides limited coverage for certain property and liability coverage. Coverage can be conveniently selected based on your customer’s unique needs, and all coverages selected will be combined on one policy for simplicity of policy issuance and tracking for the agent and customer.
Coverages Offered:
PART I HOMEOWNERSWRAPSM
Personal Injury Liability Coverage (Libel, Slander, etc)
Animal Related Personal Liability Coverage
Incidental Farming Personal Liability Coverage
Credit Card, Electronic Funds Transfer Card or Access Device, Forgery and Counterfeit Money Coverage
Pool Enclosures & Other Structures on the Residences X-Wind Property Coverage
Fungi, Wet or Dry Rot, or Bacteria Increased Amount of Section I- Property Coverage (Coverage C- Personal Property)
Coverage C Increased Theft Special Limits of Liability Coverage (Firearms, Jewelry, etc.)
Water Backup and Sump Discharge or Overflow- Property Coverage
Loss Assessment- Property Coverage
Home Business Insurance Coverage
PART II- Personal Articles
Personal Jewelry, Silverware, Furs, Stamp Collections, Musical Instruments
Fine Arts, Coin Collections, Sports Equipment (Including Guns)
PART III- Other Personal Liability Coverages
Personal Liability- Owned Residences Rented to Others (1-4 Family) Coverage
PART IV- Other Commercial Liability Coverages
1-4 Family Dwelling for Corp., Trust, or LLC Owned Property
Vacant Land
PART V- Excess Personal Liability Coverage
Excess Personal Liability Coverage
PART VI- Limited Dock Owners Liability
Limited Dock Owners Liability
Features and Options
Option to write coverage a la carte or package together into one policy.
Fully automated solution with real-time quoting, credit-card and bank payment options, and policy issuance.
Easy to work with appraisal requirements for the Personal Articles Floater.
only applies where value is $10K or higher per item, with a special provision allowing you to provide prior declarations page and schedule or receipts in lieu of appraisal if items are valued between $10K - $25K.
for items less than $10K, photo(s) with a clear and complete description of the item are only needed. Professional photos are not required- agents can take the photos using their smart phones or other camera equipment/software.
Written on standard ISO-based forms.
Direct bill renewals. Option to write coverage a la carte or package together into one policy.
Personal Umbrella
Eligible States: Florida
Our Primary Umbrella is designed for both the preferred and non-standard market. We provide limits up to $5,000,000 with an additional $5M available as a referral for underwriting approval.
Coverages Considered
CPL homeowner liability attachment of $100,000 if Citizens Property Insurance Corporation, Universal Property & Casualty, American Traditions, Homeowner’s Choice, Heritage Insurance Company, or Federated it’s the underlying CPL
Monoline umbrella over other Demotech A and AM best B+ V or better underlying carriers
Young drivers in the household considered
Motorcycles, jet skis, ATVs, mopeds, motor homes and golf carts considered
Farm Exposure considered if noncommercial (Gentleman’s Farm)
Drivers over the age of 70 considered
Poor Driving Records
DUIs
Identity Theft Option
Coverage Highlights
Excess personal injury coverage
Worldwide coverage
No Self-Insured Retention
$25,000 Excess Uninsured Motorists Liability Limit automatically included if any underlying is provided