NEW: Broader Coverage for High-Value Homes

A Smarter Way to Build High Value Homeowners Coverage

Key Takeaways:

• Per Occurrence Limits allow you to build broader coverage for high-value homes
• New Per Occurrence Limits join our flexible line-up of primary, excess, & DIC options
• Up to $5M in primary capacity & up to $10M in unsupported excess

When an incident occurs at a high-value home, it usually means a high-value expense. Unfortunately, traditional limits don’t always provide the coverage—or peace of mind—that high-value homeowners need.

Kinsale’s High Value Homeowners team offers a more practical way to structure coverage for hard-to-place homes valued at $1M or more.

Introducing Per Occurrence Limits for High-Value Homes from Kinsale

Per Occurrence Limits let you structure robust homeowners coverage under one clear total limit with a preset payment amount for any single loss and a single attachment point for excess.

Here’s how it works: A broker recently came to us with a high-value home account that had been non-renewed and declined by other markets following a $600,000 loss. The homeowner was seeking $12M in Dwelling coverage, $1.2M in Other Structures coverage, and $5M in Personal Property coverage. Of this total, we offered $5M in primary limits.

With Per Occurrence Limits, we were able to consider limits across each coverage, with one clear cap on what would be paid for any single loss.

Under traditional policy structures, we would have had to divide the $5M total across each of the requested coverages or drop some altogether. Likewise, multiple attachment points would make the excess coverage that the account needed nearly impossible to place.

Per Occurrence Limits gave the homeowners clarity and confidence in the process, while the broker gained a clean, single attachment point for excess carriers.

Our new Per Occurrence Limits are just one more way we provide creative, flexible High Value Homeowners solutions. Other benefits include:

• Primary coverage with limits up to $5M, available on a primary or ground-up basis
• Follow-form excess, up to $10M (unsupported only)
• DIC options to help fill coverage gaps

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Explore the Potential of Per Occurrence Limits for high value homes with Kinsale.