E&S Property
Coverage for today's complex risks
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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
Munich Re Specialty – North America products and services are offered by and provided through insurance companies and producers/surplus lines brokers that are eligible or licensed in accordance with the laws and regulations of individual jurisdictions. Products and services are not available in every, and may vary by, jurisdiction. The information provided on this site is intended as general information only and does not constitute an offer to sell or a solicitation to purchase insurance or non-insurance products and services. Please be aware that the insurance policy and not any information provided on this site will form the contract between the parties thereto, and will govern in all cases. Munich Re Specialty – North America’s insurance products and services in the United States, Canada, and the United Kingdom are underwritten and provided by or through one or more of the insurers, producers/surplus lines brokers that are members of the Munich Re Group identified below. Each company is financially responsible only for insurance policies it has issued.
For more information on Munich Re Specialty, including licensing, regulatory-required, and other information on the operating companies, please click here.
