News & Events

New Coastal Home Insurance for Primary & Seasonal Residences: Lower Rates

Take advantage of our NEW Coastal Homeowners Program for Primary or Seasonal Residences

  • •   LOWER RATES
  • •   Min Coverage A Limit $150,000
  • •   Extended Replacement Cost Option
  • •   Risks with up to 3 losses in the past 3 years acceptable
  • •   Wind Deductible 1% and 2%
  • •   Quick turnaround on quotes
Non-admitted A.M.Best A Rated Carrier.
Fax ACORD HO-3 application to 413 781-0050


Please Note the Following Changes to Dwelling Fire Underwriting Guidelines

  • •   Insurance to Value 100% : to determine Replacement Cost for DP-3 policy, use MSB Cost Estimator available at the modernLINK.Alternative Cost Estimators are no longer acceptable
  • •   Risks with lapse in coverage are NO LONGER acceptable
  • •   Policies cancelled for non-pay will NOT be re-instated or re-written if payment is not received by American Modern within 15 days grace period
  • •   Applicant's 5 year loss history must be taken into consideration: Risks with substantial Water, Fire, Theft or Liability losses are no longer acceptable
For additional information please contact our Personal Lines department: 888-773-7475
Insurance Center Special Risks offers competitive rates for 1-4 family dwellings.
PC 1-10. Rental, Seasonal, Log Homes, Short Term Rentals, Risks in the name of LLC, Trust, Estate are eligible.
No Lead Free Certification required.


Workers’ Compensation Program

SRL now offers Workers Compensation Program for Small Businesses and Artisan Contractors: 7% Commissions on new business, 6% on renewals.

Market: A.M. Best "A++" Excellent
Minimum Payroll: $15,000 (plus an owner). $25,000 for contracting classes (1 full time employee is required)
No Loss History required for submissions generating premium less than $25,000
Pay-as-you-go option available with no down-payment, no installment fees.
Safety Groups Dividend Plans (up to 40% premium return based on the group loss ratio) available for Automotive, Restaurants, Retail/ Wholesale Food Group
Deviations up to 20% available in MA

Click HERE for more details and list of eligible classes


New Premium Financing Program for Artisan Contractors: 10% apr

Insurance Center Special Risks offers a new Premium Financing program exclusively through BankDirect Capital Finance

  • •   10% apr
  • •   Prefilled Application & Premium Financing Agreement: Print and Sign
  • •   Minimum premium amount eligible for financing: $500
  • •   25% down payment
  • •   10 monthly installments
  • •   Flexible payment terms
  • •   Personal attention throughout the course of the loan
BankDirect Capital Finance, a division of Texas Capital Bank, N.A, is a diversified financial services business. BankDirect's mission is to provide the best insurance financing solutions, products and services within the marketplace.
This added-value enhancement is specifically designed to help you, our independent agent, sell insurance. Therefore, allowing you to obtain, retain and overall, increase growth from new business opportunities.


SRL Flood Program: 17% commission on new business and 15% on renewal business
Insurance Center Special Risks now offers full on-line access to Philadelphia Insurance Company Flood Policy quoting and service.
The Program provides coverage protecting both Residential and Commercial buildings and contents, including Condominium Associations. Convenient web based policy quoting and processing system. Credit and Debit card payment options available.
Philadelphia Insurance Company is A.M. BestŪ A+ Rated Carrier, authorized federal flood insurance writer
In order to obtain authorization from Philadelphia to quote, service and issue flood policies on-line, please visit SRL Flood page and submit required Set Up Forms to Philadelphia Insurance Company: http://www.specialrisksltd.com/personal/floods.php


New Lower Rates and Coverage Enhancements for Dwelling Program in Massachusetts
10% lower rates on property & liability coverage are available effective 08/15/08 Massachusetts Dwelling Program is designed for 1 to 4 family dwellings: Seasonal, Rental or Owner Occupied.

On-line Quotes !
No age limit !
No Mandatory Windstorm/ Hail Deductible!
Functional Replacement Cost Settlement for DP-3

Functional Replacement Cost Settlement a money saving option for your customers, that allows older homes to be insured for a lower Coverage A amount which reflects the cost to rebuild the home with current building materials

Find Out More...


ATVs Insurance Program now available in Massachusetts
Get on-line quote on any type of ATV’s and other off-road vehicle in 90 seconds.
Minimum Premium $75.

Special Features:

  • Multiple Discounts: 10% Homeownership
    10% Multi-Unit; 5-10% Policy Transfer;10%-15% Loss Free Discount
    $1,000 Safety Apparel Coverage is automatically included on each policy at no charge.

 
Interested in becoming an SRL Agent?

Interested in becoming an SRL Agent? Contact us today.

Call Toll Free: 888.773.7475

Fax: 413.781.0050
Email: info@specialrisksltd.com
or contact us here