Utica First’s Apartment Coverage:
Utica First’s Apartment BOP is designed to give our agents and brokers a competitive edge in a habitational market. At Utica First, we understand the unique challenges of insuring apartment properties, which is why our program is tailored to meet strict underwriting guidelines for well-protected risks. For risks that meet our underwriting standards, our BOP offers some of the best coverage in the industry with the addition of our “Apartmentizer” Endorsement, a terrific bundle of over 30 coverages! With Utica First, you can confidently quote eligible apartment risks, knowing you’re offering exceptional value and protection. We support you every step of the way, helping you grow your business with competitive solutions.
Here’s what we're looking for:
| Above Average Risks | Safe and well maintained regarding housekeeping; snow removal; repairs |
| Number of Units | Up to 40 units eligible; must be in standard market; no rooming houses or B&Bs |
| Protection Class | Must be 8 or better and meet UF coastal guidelines |
| Wiring | Must be Romex or better, with 100 amp circuit breakers—no fuses |
| Fuses | No Fuses Allowed |
| Plumbing | Plumbing drain lines must be PVC or copper |
| Means of Egress | Must have 2 acceptable means from each unit |
| Insurance to Value | Must be insured to 100% Replacement Cost |
| Occupancy | Must have at least 75% occupancy rate |
| Life Safety | Must meet all NFPA Life Safety codes |
| Hazards on Premises | No swimming pools, playgrounds, vacant, temporary vacant,or under reno |
| Interior and Exterior Lighting | Must be adequate for safety |
| Smoke and Carbon Dioxide Detectors | Mandatory |
| Agent Binding Authority | $1.5 million—call your underwriter if higher limits needed |
The "Apartmentizer" Endorsement
| Coverage | Limit |
|---|---|
| Accounts Receivable | $25,000 |
| Additional Debris Removal | $5,000 |
| Additional Expense: Property Preservation | $5,000 |
| Business Credit Card Forgery | $2,000 |
| Business Income: Dependent Properties | $10,000 |
| Business Property at Newly Acquired Locations | $5,000 |
| Business Property of Others | $2,000 |
| Computer Coverage | $5,000 |
| Property of Others in Your CCC | $1,000 |
| Credit Card Receipts | $5,000 |
| Demolition | $5,000 |
| Employee Dishonesty | $5,000 |
| Fine Arts | $5,000 |
| Fire Dept. Service Charge | $5,000 |
| Fire Legal Liability | $100,000 |
| Protective Devices Recharge | $1,000 |
| Glass Coverage Redefined | $1,000 |
| Landlord Owner Furnishings | $50,000 |
| Lock Replacement | $500 |
| Loss of Earnings | $100,000 |
| Money & Securities | $5,000 |
| Ordinance or Law: Demolition or ICC | $100,000 |
| Outdoor Antennas & Satellite Dishes | $5,000 |
| Personal Effects | $5,000 |
| Property in Transit | $5,000 |
| Refrigerated Food Products | $5,000 |
| Signs Off Premises | $2,000 |
| Signs: Exterior | $5,000 |
| Trees, Plants, Shrubs | $5,000 |
| Utility Interruption | $5,000 |
| Valuable Papers & Records | $5,000 |
| Vehicle Papers & Records | $5,000 |
| Vehicle Damage to Buildings in Your CCC | $5,000 |
| Water (Backup of Sewers, Drains, Pumps) | $10,000 |
