Property
Protecting Property and Assets
Jencap’s property teams have a wide range of experience with various occupancies and have unparalleled specialization in designing, implementing, and servicing complex property insurance and reinsurance programs. Our highly technical team critically reviews policy language and carefully compares carrier forms and manuscript forms, so we can negotiate the best terms for your clients, even in difficult markets. We welcome the challenge of CAT-exposed property, vacant buildings, offensive claims history, new ventures, and more.
Target Classes of Business
Apartment Buildings
Builder’s Risk/Renovations
Churches
Coastal Property
Historic Properties
Hotel/Motels
Lessors Risk
Municipalities
Rental Dwellings
Self-Storage Facilities
Shopping Centers
Vacant Property/Land
Coverage Solutions
- Business Income
- Business Interruption
- Commercial Property
- Difference in Conditions (DIC)
- Earthquake
- Equipment Breakdown
- Equipment Floaters
- Flood (Primary & Excess)
- Inland Marine
- Layered/QuotaShare Capabilities
- Stock Throughput
- Terrorism
- Umbrella (Primary & Excess)
- Wind
- Wind/Hail Deductible Buyback
- Business Income
- Business Interruption
- Commercial Property
- Difference in Conditions (DIC)
- Earthquake
- Equipment Breakdown
- Equipment Floaters
- Flood (Primary & Excess)
- Inland Marine
- Layered/QuotaShare Capabilities
- Stock Throughput
- Terrorism
- Umbrella (Primary & Excess)
- Wind
- Wind/Hail Deductible Buyback
Jencap Has Industry-Leading CAT Modeling Services.
While we cannot predict or forecast the next natural disaster, we can educate you on the implications of these risks and properly manage them.
Catastrophe Modeling Services
To manage these exposures, Jencap offers catastrophe modeling services a cut above the rest of our industry, honed by years of experience.
Just “running the numbers” is not enough; you need experienced professionals who can make certain the information going into the system is complete and current – people who can accurately assess and interpret the results, explaining what it all means and why it is important.
Experience and Expertise
Bruce Norris, a Certified Catastrophe Modeler (CCM), manages the catastrophe modeling services discipline for the Jencap Property team and is a recognized leader in the insurance industry for his knowledge of catastrophe modeling. For over 20 years Bruce has worked with the three major modeling software programs (AIR, EQE, and RMS) and thoroughly understands both the strengths and the limitations of each platform.
Using this expertise Jencap quantifies each insured’s unique exposures to earthquakes, hurricanes, terrorist acts and severe winter storms (tornado, hail, etc.), providing meaningful and understandable catastrophe modeling results, along with the advice needed to make informed, educated decisions on effectively managing your insured’s risk.
We Can Also:
- Map exposures, providing a visual depiction of the risk
- Identify flood zones for properties
- Provide risk profiles for individual locations
- Use model results and our knowledge of what they mean to create some of the industry’s most unique and accurate premium allocation models that are fair and supportable
- Compare results to current market conditions and evaluate the pros and cons of different limit and deductible picks
Exclusive Property Coverage Programs
Jencap offers agents solutions for their personal and commercial lines clients to protect their assets and property in the event of a loss. We work exclusively with A-rated or better carriers, providing your clients with the security and stability they expect. Binding and brokerage markets are available, enabling Jencap to meet your clients’ needs in a timely fashion — even for the most complex risks that require a robust insurance program to respond to their varied exposures.
Coastal Condominiums
The Condo ProTekt Program focuses on smaller coastal risks in NY and NJ only.
Quaker Special Risk offers an exclusive coastal condominium program, Condo ProTekt. This program focuses on smaller coastal risks in NY and NJ only, and it targets coastal frame, smaller condo associations, under $10M in TIV, and owner occupied. This program is underwritten in-house through a top-rated, non-admitted carrier with rapid response and service from the Quaker Special Risk team based in NJ.
Commercial Self-Storage
MiniCo's upgraded industry-specific business owner policy including umbrella and general liability-only policies are offered in partnership with AM Best A-rated carriers.
MiniCo pioneered the first package policy to insure self-storage operations in 1974. Since then, MiniCo has become the leading provider of insurance solutions for the self-storage industry nationwide. Our program team has unmatched class-specific experience and flexibility in customizing limits, deductibles, and policy terms. We offer an industry-specific BOP, umbrella, and general liability only policies as well as innovative wind and hail deductible options, and monoline commercial property coverage for coastal and high-hazard properties. Monoline solutions include workers’ compensation, cyber, and equipment breakdown. Coverage is offered in partnership with A-rated carriers. This program is available nationwide.
Wind/Hail Deductible Buyback
Available nationwide, this program provides a monoline wind/hail deductible buyback for commercial property.
MiniCo offers a monoline wind/hail deductible buyback program for commercial property. Property owners may lower their deductibles to as little as 1% or a specific dollar amount. This decreases the potential out-of-pocket financial exposure and assists in compliance with the mortgage deductible requirements. MiniCo’s program is offered through an AM Best A-rated, non-admitted carrier. This program is available nationwide.
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