Lloyds Coastal DP3 Program - North Carolina, South Carolina, & Georgia 07/2004
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Lloyds Coastal DP3 Program
North Carolina, South Carolina,
& Georgia
07/2004Territory Definitions
North Carolina South Carolina Georgia
Coastal: Territories 42 & 43 Coastal: Beaufort, Coastal:
Not Eligible: Territory 41 Charleston, Georgetown,
Horry,
Direct Bill
This is a Direct Bill program issued through Johnson & Johnson. Payment in full must be received with
all new business applications. Financing is acceptable. Upon completion of an issued policy, Johnson &
Johnson will produce a declaration page, any adjustment bills (if applicable), renewals, and renewal
invoice. All policies will be dispersed directly from our office to the insured. Please inquire for more
details.
Check List
Before you mail the application, please confirm that you have enclosed all of the following:
• Signed & Completed Application
• Payment in Full
• 2 Photographs
• Completed Home Cost Estimator
• Completed Form F (North Carolina applicants only)
Quoting
All quotes may be obtained by logging into our web-site at www.jjins.com. Select the Specialty
Personal Lines icon and follow the links accordingly. This system will allow you to quote a risk and print
an application for issuance. JJPF finance quotes are also available through this site.General Rules
1. Application The agent’s and applicant’s signature are required.
2. Photographs Two photographs of the house, front & back, are
required.
3. Insurance to Value Homes written on the DP3 form must be insured to a
minimum of 100% of its full replacement cost, excluding
land value. A home cost estimator is required with
application.
4. Policy Fee A $75 policy fee applies to the Coastal DP3 $100,000-
$1,000,000.
5. Policy Term Policies are written for a term of one year. Effective time –
12:01 a.m. Standard Time.
6. Cancellation Rule No flat cancellations on new business is allowed if coverage
has been provided under our policy.
7. Transfer or Assignment Our policies may not be transferred or assigned.
8. Minimum Earned Premium There is a 25% minimum earned premium.
9. Claims Verification A report showing the past claim activity may be ordered to
verify claim history.
10. Credit Scores Credit Scores may used as part of our underwriting evaluation.
11. Inspections An outside inspection may be used as part of our underwriting
evaluation.General Underwriting Rules
CONSTRUCTION
• Acceptable Type
o Frame
o Masonry including brick veneer
o Superior including wind-restrictive or fire resistive construction
o Log construction (home or dwellings only) in protected areas
o Modular homes must be permanently affixed to a continuous foundation and must meet
all underwriting guidelines. You must specify the modular home manufacturer in the
Additional Comments section of the application. Refer ALL modular construction to
underwriting
• Unacceptable Type
o Drivet
o EIFS – Exterior Insulation and Finish System
o Geodesic dome or other dome style construction
o ICB – Concrete filled Styrofoam
o Manufactured or modular homes not permanently affixed to a continuous foundation –
refer ALL modular construction to underwriting
o Mobile homes
o Synthetic stucco or other synthetic materials
OCCUPANCY
• Acceptable Type
o Primary residence – The principal home location for the insured.
o Secondary residence – Other than the principal home location for the insured.
o Seasonal residence - Other than the principal home location for the insured used on a
seasonal basis only.
o Long term rental – A secondary residence leased to other for more than 4 consecutive
months
o Short term rental – A secondary residence leased to others for less than 4 consecutive
months
• Unacceptable Type
o Business on premises
o Day care, nursing home, bed and breakfast or any other incidental business exposure on
premises
o Multiplex buildings (more than 4 units)Non-Authority List
DO NOT BIND-Submit to J&J Underwriting Staff
UNACCEPTABLE But will be evaluate for acceptability by the company IF:
Coastal DP3 Program ($100,000- Steps have been taken to minimize and/or prevent future losses AND credit history
$1,000,000) Applicant has had indicates financial stability. A CLAIMS SURCHARGE MAY APPLY.
prior loss(es)
Applicant is unemployed, other than Credit history shows financial stability.
retired or disabled.
Applicant has filed any bankruptcy Credit history shows financial stability since bankruptcy and circumstances of
in the past five years. bankruptcy appear to be resolved. If later determined to be eligible, a
BANKRUPTCY SURCHARGE WILL APPLY.
If an individual is listed as a Credit history shows financial stability
lienholder
Dwellings that have been uninsured A suitable explanation is submitted with the application, and credit history shows
for more than thirty (30) days financial stability.
immediately prior to the requested
effective date.
Dwelling equipped with a The Heating Source Questionnaire and a photo of the unit clearly indicate proper
supplemental heating device installation and maintenance. If later determined to be eligible, a
SUPPLEMENTAL HEATING DEVICE SURCHARGE WILL APPLY.
INELIGIBLE RISKS - DO NOT BIND!! DO NOT SUBMIT!!
Three or more theft, liability, or fire losses (in any combination), in the last five (5) years. Or two or more of the same type
of loss (theft, liability, or fire) in the last (5) years
Five or more losses of any kind in the last five (5) years
Dwellings under construction or undergoing any renovations that require the home to be vacated.
Condemned dwellings or dwellings in foreclosure.
Dwellings attached to, occupied as, or converted from a commercial risk
Dwellings without utility service.
Dwellings where the primary source of heat is supplemental, such as but not limited to, a kerosene portable heater, electrical
space heater, wood burning stove, or similar heating device.
Dwellings with more than two liens
Dwellings where plumbing, wiring, or heating has not been updated in the last 40 years, and 20 years for roofing.
Premises with an unfenced swimming pool. (Eligibility requires that a fence be at least four feet high, with a locking gate or
surrounded by heavy vegetation)
Premises with a trampoline.
Premises where large, unusual, exotic, vicious, or potential vicious animals are kept
Circumstances that reflect an unusual exposure or increase in hazard or dwellings with unrepaired damage.
Dwellings in the name of a corporation OR with any business exposures.
Dwellings located on front beach propertyCoastal Dwelling Fire Program (DP3)
(Properties located in coastal territories not to include front-beach properties)
Policy Form-DP3
Home Values $100,000-$1,000,000
Other Structures Minimum: $0 Maximum: $50,000
Coverage must be requested
Personal Property Minimum: $0 Maximum: $175,000
Coverage must be requested
Loss of Use Minimum: $0 Maximum: $100,000
Coverage must be requested
Personal / Premises Liability Minimum: $300,000 Maximum: $500,000
Medical Payments Minimum: $2000 Maximum: $25,000
Deductible Minimum: $1000 Maximum: $2500
Wind Deductibles Vary by State (see rating program)
Protection Classes Available 1-8
Eligible Occupancies Owner Occupied Residence
Seasonal/Secondary Residence
Tenant Occupied Residence
Optional Coverages
Wind Driven Rain (JJWD 06/04) 5% Surcharge
(not available if the peril of wind is excluded)
Earthquake (HO0454 10/00) $.10 per 100 of Coverages A & C
Replacement Cost on Contents (HO0490 10/00) $25You can also read
