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Home Wind Only Binder
Providing Reliable Wind-Only Binder Insurance Solutions for MGAs and Coverholders
Costero has completed the placement of a new Wind Only facility, effective immediately (Security is 100% Lloyd’s of London). We have capacity in all coastal states, however, it is preferred that you offer a geographical spread of risks to us when sending in your submissions to avoid having risks to close in any one particular state.
Furthermore, servicing our clients is something we take very seriously. Subject to unforeseen circumstances, we will endeavor to release formal quotes within 24 hours of receipt of a full submission.
Minimum Submission Requirements
- Fully completed Acord application form
- Currently valued hard copy loss runs (3-5 years)
- Target Premium/Deductible
Risk Limits
- Joisted Masonry: $2,250,000 any one risk/location
- MNC & Fire Resistive: $3,000,000 any one risk/location
Risk Appetite
- Joisted Masonry, Masonry Non-Combustible and Fire Resistive constructions only
- Maximum roof age is 15 years
- Tiers 1 & 2 only. Maximum distance from saltwater is 50 miles
Except in Louisiana, where:
- Joisted Masonry: $1,750,000 any one risk/location
- MNC & Fire Resistive: $2,000,000 any one risk/location
Validation Requirements
- Joisted Masonry: Not less than $150 per square foot
- MNC & Fire Resistive: Not less than $175 per square foot
Our Experts
Speak to our Experts
Our expert knowledge of these product classes, combined with our passion and dedication to completely understand our clients’ business needs.