WEBINAR SERIES July 26, High Value Homes. Sponsored by Abram Interstate Insurance Services (916) AbramInterstate.

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1 WEBINAR SERIES July 26, 2017 High Value Homes Sponsored by Abram Interstate Insurance Services (916) AbramInterstate.com

2 Our Presenters Marcy Tabora Personal Lines Manager Meghan Fitzgerald Personal Lines Account Manager

3 AGENDA Why Partner with Abram Interstate High Value Home Definition What We Can Write Markets Focus Areas Harder and More Unique Eligible and Ineligible Risks UW Information Required Inspection UW Flexibility and Coverage Form Binding Admitted - Chubb Q & A

4 Why Partner With Abram Interstate Abram Interstate Insurance Services 21 Years in Business Privately Held and Operated Our Market Focus is Commercial, Agri-Business and Personal Lines Friendly and Energetic Team We are Here to Help Online Rating Systems EXPRESS RATER P.U.R.E FSC

5 What Defines High Value? Based Upon Coverage A What is YOUR Definition? $450K Minimum (BRIT) $1ML (Starting Point for True High Value ) $3ML (CHUBB Preferred Appetite)

6 Question 1 Question How Many Years Old is Lloyds of London? Answer 331

7 Abram Interstate and Lloyd s of London Unique Program Specific to Abram Interstate Lloyd s Partnership with Other GAs Different Offerings Different Experience Rates Forms Billing Underwriting Guidelines Claims

8 Lloyd s of London HVH Offering Homeowners H03 Liability up to $1ML Coverage B, C and D Tailored to Meet Specific Risks California Only I.E. Cov B can be Other Standard 10% of Cov A Up to 150% Extended Replacement Available Water and Backup to $25K Dwelling Fire DP3 Occupancy

9 Lloyd s Eligible and Ineligible Risks Eligible PC Brush Zones Prior Loss History LLC, Trust, or Corp as Named Insured Slopes Post and Pier Foundation Ocean Front Central Station Not Needed Under $2.5 TIV High Profile Insured Restricted Dog Breeds OK Ineligible Open Claims Unrepaired Damage Severe Claim Activity

10 How to Quote Lloyd s ACORD Application Completed and Send to apps@abraminterstate.com (Preferred Method) P.U.R.E. RATER - Non-Binding Quote EXPRESS RATER Non-Binding Quote

11 Lloyd s Binding or Fax Requesting to Bind to binds@abraminterstate.com Send a copy of the Quote to Bind Submit Any Other Prior to Bind Items Down Payment or Full Premium Signed Application and D1 Within 7 to 10 Days After Binding No Need to Complete the SL2 WE DO THAT FOR YOU!

12 Question 2 Question What Abram Interstate Insurance Address Do You Use For Quote Requests? Answer apps@abramininterstate.com

13 Abram Interstate and Chubb A++ Rated by A.M. Best World s Largest Publicly Traded P&C Insurer Largest High Value Home Carrier in the Country Solely Focused on Insurance Purchased by ACE Limited Jan. 14, 2016 Known for Thorough Underwriting and Mapping COMPETITIVE PRICING

14 Chubb HVH Offering $1ML Cov A or Higher Lower Coverages Available with Additional Lines Auto Secondary Dwelling Fire Etc. Liability $1ML Higher Limits Possibly Available 100% Extended Replacement Cost (200% Total) Includes $50K in Homeowners Assessment Cov A Includes $25K in Business Property

15 Chubb Occupancy HO3 Owner Primary Owner Secondary Primary Required Seasonal Primary Required Dwelling Fire 1 to 4 Family Dwelling Primary Required Tenant Primary

16 Chubb Eligible and Ineligible Risks Eligible Prior Loss History LLC or Trust as Named Insured Packaged Autos (Vintage and Classic Cars Included) Ineligible Unrepaired Damage Other Claim Activity

17 How to Quote Chubb ACORD Form Chubb Supplement Send Completed Apps to

18 Chubb Binding or Fax Binding Request to Signed Application Send a Copy of the Quote to Bind Submit Any Other Prior to Binds Direct Bill Only

19 Common Underwriting Questions Current Carrier and Target Premium Client s Occupation Information Full-time Employment? Self-employed? What Type of Business? Loss History Including Cause, Repair and Remediation New Purchase? Need Prior Address Specialty Features Elevator Home Theatre Underground Parking Ice Skating Rink Etc.

20 Questions? (916)