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Bankers Insurance

Bankers Insurance

Bankers is a Property & Casualty online program in CAT-prone areas where you can quote and bind Builders Risk, Business Owner Policies, and Flood.

Products Available by State:
Builders Risk: AL, AZ, FL, GA, LA, MS, NC, SC, TN,

TX, VA
BOP: FL & LA
Flood: All states (Except Rhode Island)

  • Direct Bill

  • AM Best B+ Financial Strength Rating

Products Available

Builders Risk Insurance

Builders Risk

(Commercial)

Business Owner Policy

Business Owners

Policy

(Commercial)

Flood Insurance

Flood

(Residential & Commercial)

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Lines of Business

Builders Risk

Eligible Risk:

  • “Ground Up” type construction: New, Remodel or Renovation projects.

  • Residential (1-4 unit dwellings) or Commercial.

  • 1-3 Stories (higher stories available with approval).

  • Protection Class 9 & 10: Frame up to $500K, Joisted Masonry up to $1M, Masonry Non-Combustible or better up to $2M.

  • Single Building limit up to $10,000,000 (higher limits available with approval) Risks over $3M require joisted masonry or better.

  • 1 Building per policy.

  • Property must be unoccupied for coverage to apply.

  • Existing structure 1955 or older require underwriting review.

Optional Coverages

  • Earthquake

Business Owner Policy
Property, liability, cyber security, business income, and extra expense coverage - all in one policy.

Property Damage: 
TIV – Up to $10M per location.
Liability Limits:
Up to $2M/$4M.
Additional Coverage: 
Additional coverage options available, including additional insureds, burglary/robbery, spoilage, mechanical breakdown, and more.

BankersBOP™ offers tailored insurance solutions for small and medium-sized businesses.

Try BankersBOP™ for medical offices, deli’s and limited cooking restaurants, attorney offices, retail stores (including gift shops, apparel, and home improvement stores), and more.
Flood

Bankers is an authorized carrier for the National Flood Insurance Program (NFIP). 

Commercial Flood

Building coverage up to $500,000, which covers repair or replacement and most installed improvements up to the coverage limit or the assessed replacement cost value of the building. Items typically covered are electrical and plumbing systems, central air conditioning, furnaces and water heaters, and flood-damaged interior and exterior finishes.

Contents coverage on a commercial flood policy pays for damage to merchandise, inventory, machinery, and other contents. It can be purchased for up to $500,000 in coverage. 

Residential Flood

Basic building coverage for single and 2-4 multi-family homes up to $250,000. Provides repair or replacement of the insured building and its:

  • Foundation

  • Electrical and plumbing systems

  • Central air conditioning

  • Furnaces

  • Water heaters

  • Refrigerators*

  • Stoves*

  • Built-in appliances*

  • Most permanently installed items in your home.

 

*For more details, see floodsmart.gov*

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