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UNDERWRITING GUIDELINES FOR QSIC & PIC
Perils:
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Difference in California (DIC)
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Earthquake
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Flood (excluding 100 Year Flood Zones)
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Building Ordinance
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Earthquake Sprinkler Leakage
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Earth Movement
Maximum Policy Limit:
Policy Types:
Fees:
Minimum Earned Premiums:
Standard Broker Commission:
Construction and Age Requirements:
Valuation:
$10,000,000 - Praetorian Insurance Company
$50,000,000- QBE Specialty Insurance Company
Primary
Loss Limits
Gap Layers
Pro Rata Participation
Excess
Policy Fee - $150.00
Inspection Fee - $150.00 per location
25%
15%
Per the attached Age and Construction Class Eligibility Guidelines.
Per the attached Valuation Guidelines.
Accounts submitted with a Marshall Swift (or other valid source of valuation verification) or meet our minimum value per square foot requirement, will be quoted on a Replacement Cost basis.
All other accounts will be quoted on an Actual Cash Value basis.
When providing valuation verification, the following items must be clearly noted on the form:
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Location
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Occupancy
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Construction Height
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Square Footage (including parking - this item may be segregated, but must be accounted for in the total valuation)
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Construction Quality
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Number of Stories
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Story Height
AGE AND CONSTRUCTION CLASS ELIGIBILITY GUIDELINES
*Building constructed prior to 1920 subject to manager's approval.
VALUATION HEADING
Minimum required value for Replacement Cost (without valid valuation documentation).
Earthquake Zones A, B, C, & D:
Earthquake Zones E:
Earthquake Zones F, G, H, & Non-California:
Valuation for parking: 50% of the above required minimum price per square foot.
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