OUR PROGRAM / SPECIALTY PROPERTY
Specialty commercial property underwriting.
Iconiq provides excess and surplus lines commercial property coverage through licensed broker partners for eligible older, historic, and complex commercial properties.
01 / TARGET RISK PROFILE
A considered appetite for complex commercial property.
Construction
Masonry, concrete and steel construction are preferred. Other construction may be considered subject to underwriting.
Commercial occupancy
Older and historic commercial buildings with sound maintenance, appropriate valuation and favorable loss-control characteristics may fit.
Property information
Detailed building, renovation, condition and inspection information helps us evaluate the individual property.
Coverage structure
Coverage may involve building, business personal property, business income, ordinance or law, and other approved commercial property coverages. Terms vary by risk and carrier authority.
Eligibility is subject to underwriting guidelines, jurisdiction, carrier authority, and individual risk characteristics.
02 / VALUATION
Valuation matters.
Replacement-cost accuracy is especially important for older or architecturally significant buildings. Reconstruction cost, local labor and materials, workmanship, architectural features, code requirements, ordinance or law exposure, and selected valuation basis all deserve careful attention.
Coverage structure, limits, deductibles, valuation terms, and endorsements vary by risk and applicable carrier authority.
03 / SUBMISSION REQUIREMENTS
Information that helps us get started.
COPE information · Statement of values · Loss runs · Building address · Occupancy · Construction details · Roof information · Building photographs · Prior inspection reports, where available · Valuation information, where available · Requested limits and deductible · Desired effective date
Additional information may be requested depending on the property.