UNDERWRITING GUIDELINES FOR QSIC & PIC
Difference in California (DIC)
Flood (excluding 100 Year Flood Zones)
Earthquake Sprinkler Leakage
Maximum Policy Limit:
Minimum Earned Premiums:
Standard Broker Commission:
Construction and Age Requirements:
$10,000,000 - Praetorian Insurance Company
$50,000,000- QBE Specialty Insurance Company
Pro Rata Participation
Policy Fee - $150.00
Inspection Fee - $150.00 per location
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:
Square Footage (including parking - this item may be segregated, but must be accounted for in the total valuation)
Number of Stories
AGE AND CONSTRUCTION CLASS ELIGIBILITY GUIDELINES
*Building constructed prior to 1920 subject to manager's approval.
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.