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PERSONAL UMBRELLA UNDERWRITING |
BUSINESS UMBRELLA UNDERWRITING
The Underwriters Guide & Policy Wording shown below are for policies effective 1/17/2020 and later.
Policy Wording
Click here for Kansas Sample Policy Wording - KS Sample Policy (Abobe Acrobat PDF)
Primary Insurer
- We accept only Admitted Insurers with A. M. Best Rating of B+ (VII) or higher.
Coverage
- Markel Insurance Company - A.M. Best rating is A (Excellent) and a financial size category of XV ($2 Billion or greater).
- We provide an Umbrella policy form with a $0 S.I.R. and freely offer limits to $5,000,000.
New Business
- You may choose either direct or agency. Commission is 15% on premium excluding Policy Expense Fee.
- Direct: We will issue policy direct to insured with invoice. You will be notified when policy is mailed. Policy will be available for viewing online.
You will be paid commission after payment receipt in form of commission statement.
- Agency: We will issue both insured and agency copy to you with net invoice.
Payment for policy mailed Direct or to Agency will be due within 20 days.
Renewals
- We will directly issue the insured a renewal offer 30+ days in advance. Commission is 10% on premium excluding Policy Expense Fee.
- The offer will include options to increase limit up to $5,000,000.
- You will be notified when offer is sent. Offer will be available for viewing online.
- You will be notified if offer is not received.
- You will be able to view/print renewal policy online once offer/payment received by us.
- You will be paid commission after payment receipt in form of commission statement.
Policy Changes
Changes in driving records or the number of drivers, autos, recreational vehicles, watercraft or residential premises that occur after policy inception will not affect the premium.
Applications
- We rely on you to keep supplemental questionnaire, signatures and documentation in your files.
- It is our goal to issue/mail policies within two days of your order.
- Complete applications will improve your customers' satisfaction.
Brokerage Agreement
PERSONAL UMBRELLA UNDERWRITING
Occupation
We do not contemplate writing target risk individuals, including:
- Professional Entertainers: actors, actresses, directors, producers, writers, tv/radio personalities
- Athletics: all professional athletes, coaches, managers and owners, NCAA Division I athletes or coaches that regularly appear on television
- Public Officials: Elected/appointed officials to any state or federal office, elected officials to cities, counties, courts with populations over 50,000
- Famous people: top executives of Fortune 500 companies, persons appearing regularly in the media due to their wealth or profession
WE DO NOT INSURE THE ABOVE OCCUPATIONS IN THIS PROGRAM, HOWEVER, WE DO OFFER AN ALTERNATIVE MARKET. PLEASE CALL OUR HIGH-PROFILE UNDERWRITERS, MARY NYQUIST OR CINDY NYQUIST, AT 510-903-3311 FOR A HIGH-PROFILE UMBRELLA QUOTE.
Losses
If any of the applicants have had four (4) or more losses or total losses over $25,000 within the past three years, or currently has an open claim, you must submit for special authorization.
For questions or to determine acceptability, please call 800.564.1799 or 510.420.2820.
Residences - Up to 4 units any one location
Owner-occupied and rental residences can be insured if a primary insurer provides a minimum liability limit of $300,000. Primary insurer must be an admitted insurer with A. M. Best Rating of B+ (VII) or higher. A maximum of 30 total residential units will be allowed.
The following risks must be submitted for special acceptance:
1. If primary insurer is Surplus Lines or A.M. Best rating of lower than B+ (VII)
2. Any rental unit contains:
- Public funding- including Sec8 and HUD
- Migrant or temporary worker housing
- Foster care
- Senior-assisted living
- Student housing
- Security bars on windows
- Mobile home
We will not write over a course of construction primary policy.
Farms
We will not accept farms. We will not accept a location whose primary insurance is an FCPL or farm liability policy.
Note: WE DO NOT INSURE FARMS OR ANY RESIDENCE WRITTEN ON FARM OWNERS PACKAGE POLICY.
PLEASE CALL OUR FARM UNDERWRITER, MARY NYQUIST OR CINDY NYQUIST, AT 510-903-3311 FOR A FARM UMBRELLA QUOTE.
Vacant Land
Vacant land can be insured if a primary insurer provides a minimum liability limit of $300,000. Primary insurer must be an admitted insurer with A.M. Best Rating of B+ (VII) or higher.
Personal Automobile Liability
Autos are defined as a motorized land vehicle, which requires motor vehicle registration and/or operator licensing, including attached trailers, travel trailers, motor homes and motorcycles.
Autos can be insured if a primary insurer provides a personal automobile policy with a minimum liability limit of $300,000 CSL ($325,000 in Texas) or $250,000/$500,000/$100,000 split limits. Primary insurer must be an admitted insurer with A. M. Best Rating of B+ (VII) or higher.
We rate and charge for each vehicle.
Motorcycles are separately rated as they have a different rate for excess UM/UIM.
Operators' Motor Vehicle Record(s)
We do not require motor vehicle records unless the driver has had a major violation in the last five years, or has had liability loss(es) in excess of $25,000 in the last three years, or currently has an open claim in which the loss may exceed $25,000.
For questions or to determine acceptability, please call 800.564.1799 or 510.420.2820.
Driver Surcharge
Surcharge drivers who fall into the following categories:
- Inexperienced drivers (drivers with less than six years of driving experience),
- Drivers age 70 and over,
- Drivers with a major violation(s) within the last five years: Major violations are defined as one of the following under K.S.A. 8-285 section 1 - 8:
- Vehicular homicide, as defined by K.S.A. 21-3405, and amendments thereto, or as prohibited by any ordinance of any city in this state or any law of another state which is in substantial conformity with that statute;
- violating K.S.A. 8-1567, and amendments thereto, or violating an ordinance of any city in this state or any law of another state, which ordinance or law declares to be unlawful the acts prohibited by that statute;
- driving while the privilege to operate a motor vehicle on the public highways of this state has been canceled, suspended or revoked, as prohibited by K.S.A. 8-262, and amendments thereto, or while such person's privilege to obtain a driver's license is suspended or revoked pursuant to K.S.A. 8-252a, and amendments thereto, or, as prohibited by any ordinance of any city in this state or any law of another state which is in substantial conformity with those statutes;
- perjury resulting from a violation of K.S.A. 8-261a, and amendments thereto, or resulting from the violation of a law of another state which is in substantial conformity with that statute;
- violating the provisions of the fifth clause of K.S.A. 8-142, and amendments thereto, relating to fraudulent applications, or violating the provisions of a law of another state which is in substantial conformity with that statute;
- any crime punishable as a felony, if a motor vehicle was used in the perpetration of the crime;
- failing to stop at the scene of an accident and perform the duties required by K.S.A. 8-1602 through 8-1604, and amendments thereto, or required by any ordinance of any city in this state or a law of another state which is in substantial conformity with those statutes; or
- violating the provisions of K.S.A. 40-3104, and amendments thereto, relating to motor vehicle liability insurance coverage or an ordinance of any city in this state, which is in substantial conformity with such statute.
We may include drivers with one (not more) major violation within the past five years. We will not write inexperienced drivers with a major violation.
- If a major violation has occurred, we will need a current copy of the MVR sent to us.
- Drivers with a major violation within last five years must have minimum $500,000/500,000/100,000 or $500,000 CSL primary limits.
Watercraft
Watercraft can be insured if a primary insurer provides a personal watercraft policy with a minimum liability limit of $300,000 CSL or $250,000/$500,000/$100,000 split limits. Primary insurer must be an admitted insurer with A.M. Best Rating of B+ (VII) or higher.
Watercraft are individually rated and classified as follows:
No Charge
We will include without charge if under 27 feet in overall length and either one of the following:
- without motor
- rented inboard or inboard/outdrive of 50 horsepower or less
- owned of 25 horsepower or less
- owned or rented sailboats
Class A - Utility Boat
Maximum speed 45 MPH: Under 27 Feet. Full range of outboard, inboard/outboard or inboard.
Class B - Standard
Maximum speed 60 MPH: Under 42 feet. A more specialized class of boat with better than average performance.
Class D - Yacht/Cruiser, Sailboat, Houseboat
Maximum speed 45 MPH: 27 feet and over, but under 42 feet. The conventional higher valued segment of the non-trailerable boat/yacht market.
The following are not eligible:
Watercraft carrying passengers or cargo for a fee.
Recreational Vehicle & Jet-Ski
Recreation vehicles, jet skis and golf carts can be insured if a primary insurer provides a personal liability policy with a minimum liability limit of $300,000 CSL or $250,000/$500,000/$100,000 split limits. Primary insurer must be an admitted insurer with A.M. Best Rating of B+ (VII) or higher.
Recreational vehicles are those not licensed for road use and typically include dune buggies, all terrain vehicles (ATVs), minibikes, trail bikes and snowmobiles.
We rate separately for each recreational vehicle, jet ski or golf cart.
The following are not eligible:
Unlicensed recreational vehicles or jet skis with a speed greater than 60 MPH, or any three-wheeled ATV.
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