Kettle Commercial
Property Coverage
Key Program Details
Kettle Commercial Property (KCP) is an indemnity product designed to provide physical property damage coverage for Wildfire and All Other Perils (AOP) exposures under a single policy. We combine proprietary wildfire modeling and underwriting expertise to provide custom solutions for a wide range of property exposures that are typically too volatile for admitted or most E&S carriers.
| FEATURE | DETAILS |
|---|---|
| Backing/Paper | Kettle Property Product written on Mt Hawley Insurance Company Paper(A++ Superior by AM Best) |
| Exposure | Monoline E&S Property Policy for Wildfire and All Other Perils(AOP) |
| Availability | California and Nevada(initial roll-out) |
| Distribution | Wholesale Brokers exclusively |
| Policy Term | Between 1 Year-(Vacant buildings 3, 6, 9, and 12 Months) |
| Maximum Policy Limit | Available starting at $1M up to a maximum of $10M |
| Maximum Total Insurable Value (TIV) | $200M Total Schedule |
| Minimum Premium | $75,000 |
| Minimum Deductibles | $25K AOP (Lower Hazard Risks); $50K AOP (Higher Hazard Risks). Wildfire Deductibles dependent on individual account exposures |
Placement Options
PRIMARY POLICY LAYER
GROUND UP
LOSS LIMIT
Consideration of $1M - $10M based on individual account characteristics.
Up to $10M Total TIV for all exposures.
Available up to $10M limit (for risks without a mortgage).
Target Occupancies
KCP provides placement consideration for "main-street" exposures, including but not limited to:
- Care Facilities
- Restaurants
- Apartments
- Vacants
- Offices
- Woodworking Operations
- Recycling Operations (Capped @ $1M Primary)
- Residential Condo Association
- Franchised Hotel/Motel
- Subsidized Housing
- Strip Shopping Centers
- Warehouse Distribution
- Schools
CHRIS KAARRE
Senior Vice President
Underwriting
651-260-0174
chrisk@ourkettle.com