Contract Binding Authority

REInsurePro now has Binding Authority through PennAmerica, rated A by A.M. Best. Use the button below to submit a risk.   

Complete submissions should include ACORD forms, SOV, 3-5 years of loss runs, & supplemental app where needed. 

Acceptable Risks

  • Monoline GL
  • General Contractors Liability
  • Property up to $2 million with packaged GL* for:
    – Vacant buildings, including renovation
    – Commercial LRO
    – Auto repair or service shops
    – Habitational up to 50 units
    • No subsidized or student housing
    • No substandard electrical
    • No vacation rentals

*Monoline property not available

Coverage Availability

  • Not available in Tier 1 & Tier 2 areas  
  • Coverage in Texas is non-coastal

Agent Benefits

1.

Fast proposal turnaround

2.

Earn 12% comission

 

3.

Virtual inspections

 

Supplemental Apps

These Supplemental Applications are required for their classes. Alternate supplementals are accepted so long as the same information is included. 

General Contractors Supplemental 

Vacant Supplemental 

Additional Insured Supplemental 

Is it Covered?

Is It Covered? Named Storm

If your investor clients have properties in coastal locations, it might not always be clear if they have coverage when a tropical storm or hurricane passes through. Damage may occur because of the force of winds, rain driven by those winds, storm surge, and flooding. Some carriers get very specific about separating these coverages versus covering damage occurring in one storm event under the Named Storm peril.

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