AshwithanE
Expert
- 22
I had a 105 unit apartment complex I was trying to place and the problems were no loss history (its a new purchase) and it was built in 1969, 1970 to name a few. I got quotes back from non standard companies at astronomical premiums.
Another agency got their submission to Travelers in before me so I wasn't even able to quote it with the info I had. I read risks before 1978 are not acceptable on their agent guidelines anyway. I realize this could vary (I'm in VA).
Anyway, other agency did get quote for them and it was a nice cheap quote but they have some of the buildings listed as being built in 1999??? Does anyone know if they've accepted this risk because of that?? None of it was built in 1999. It was all built in 1969 and 1970.
Another agency got their submission to Travelers in before me so I wasn't even able to quote it with the info I had. I read risks before 1978 are not acceptable on their agent guidelines anyway. I realize this could vary (I'm in VA).
Anyway, other agency did get quote for them and it was a nice cheap quote but they have some of the buildings listed as being built in 1999??? Does anyone know if they've accepted this risk because of that?? None of it was built in 1999. It was all built in 1969 and 1970.