Luxury Home Builders
and Remodelers Program

Qualification Requirements

Luxury Home Builders is an exclusive non-admitted program tailored for luxury-home-builder paper GCs, constructing single family custom homes. Coverage is provided for paper GCs operating in new home construction, including incidental remodeling and renovations. The focus of the program is single-family home construction and does not extend to construction of condominiums or townhomes. Jencap has designed the program for paper GCs that build up to 25 custom homes per year.

Remodelers of Luxury Homes are tailored to paper GCs that handle very high-end residential remodeling work for homeowners, individual owners of condos, co-ops and townhomes. The program is for experienced builders with excellent loss prevention and contractual risk transfer procedures in place.

The program is underwritten by a non-admitted AM Best A-Rated carrier.

Coverage Outline:

  • CGL limits of $1M/$2M/$2M and $2M/$4M/$4M are available
  • Policy Form: CG0001 (04/13)
  • Per Project Aggregate
  • Blanket Additional Insured (CG2010 (04/13), CG2012, CG2018, CG2037)
  • Blanket Waiver of Subrogation
  • Primary Non Contributory
  • Unique Rating Structure
  • OOPS Coverage Available
  • R.I.C.H. Endorsement Available
  • Minimum Premium $5,000 (All Except NY)
  • NY Minimum Premium $10,000
  • Excess coverage available up to $5M in limits

Submission Requirements:

  • 5 years of currently valued loss runs
  • Minimum 3 years in business or 6 years of construction experience
  • Acord Application & LHB Application
  • Copy of Subcontractor Agreement
  • Number of new home starts and average sales price per home
    *Other markets are available for risks not fitting this profile.

Applications:

Send all new business submissions to:

tom.murphy@jencapgroup.com