inland marine insurance south carolina

Builders Risk and Renovation

Let SIU’s Marine Department Help Build Your Agency’s Business

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Builders Risk and Renovation coverage insures against the risk of a loss from damaged property that is under construction. This applies to new construction or the renovation of an existing building.

SIU has a robust Builders Risk and Renovation program that is sure to cover your clients’ needs. The program specializes in residential builders and renovations including existing building coverage with $5 million in capacity. Capacity up to $25 million for all other projects.

Builders Risk and Renovation Coverage Highlights:

  • All construction types can be written either on an admitted or non admitted basis
  • Low minimum premiums
  • Capacity for coastal area, including windstorm and flood
  • Very competitive rates

COMING SOON: An online Quote/Bind/Issue system. Accepting pre-registrations now! Be ready to quote on our launch date. To register, please email dhugunine@siuins.com.

David Hugunine is SIU’s Marine Practice Leader and is well versed in dealing with a variety of risks, including Builders Risk and Renovation. He is skilled and can place coverage affordably and quickly through SIU’s own binding authority or through outside markets.

SIU delivers the coverage you are looking for with the best pricing available. Call today to experience quick quotes and flexible underwriting that only SIU is able to serve in the marketplace!

Contact David Hugunine for a Builders Risk and Renovation quote, today!
dhugunine@siuins.com | PH 678.498.4550 | TF 800.884.1704

Inland and Ocean Marine Insurance

Inland and Ocean Marine Insurance

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Are you looking for Inland and Ocean Marine Insurance Markets?

To start, let’s break them both down into separate categories and then go through some client case studies.  Inland and Ocean Marine Insurance can be confusing and complicated.  Let us here at SIU help. Let’s break them down first and go from there.

Inland Marine – property coverage for property that is not set in one place: If it can be moved, whether it’s a crane or a diamond necklace, it’s likely to fall under  Inland Marine. Construction and transportation account for the lion’s share of Inland premiums.

Ocean Marine – coverage primarily includes coverage for the cargo of the ship. What’s in the hull so to speak. The cargo or the freight revenue to be received by the ship’s owner; and legal liability for any negligence by the shipper or the carrier.

What Type of Insurance Does My Client Need?

No matter which types of coverage you are looking for Inland Marine, or Ocean Marine Insurance, consider that these are very specialized and you should work with and get quotes from folks who have the expertise in the “Marine” lines of coverage. Southern Insurance Underwriters has a team of specialists just for such occasions. We not only have access to Excess & Surplus markets, but several A-Rated Admitted carriers as well. Call or email your dedicated Marine Underwriter today for a quote!

When looking for clients that have and Inland or Ocean Marine Insurance need,  you are looking for anyone who frequently ships products or equipment on land or by water.  Think about the times you see larger big rigs with a dump truck on the back, or a crane .  These are candidates for Inland Marine coverage.  Construction companies usually have coverage for the work being done at a property that doesn’t move, but what about the materials shipped in during new construction or renovations?

For Ocean Marine, good candidates would be clients all the way from big cargo ships down to the guys who take people on fishing or scuba excursions.  Obviously the higher density clients are going to be coastal. Just keep that in mind when asking your clients about their business needs.