• Policy Limits available from $250,000 to $10 million for commercial occupancies, and up to $20 million for habitational occupancies (HOA, apartments, multi-unit condos)
• Total Insurable Values (TIV) from $250,000 to $10 million for commercial occupancies, and up to $20 million for habitational occupancies (HOA, apartments, multi-unit condos)
• Minimum premium: $2,500
• TIV under $5 million must purchase full limits
• TIV of $5 million+ must purchase a minimum loss limit of $2,500,000
• Per unit deductible 5% – 25%. Five deductible options provided on each quote
• Minimum EQ deductible = $25,000
• Minimum Flood deductible:
  • $25,000 (for TIVs under $5,000,000)
  • $50,000 (for TIVs over $5,000,000)
• Valuation = Replacement cost | BI = Actual loss sustained
• $300 policy fee / $300 inspection fee (waived on renewals; inspections are reordered every 3 years)
• Additional coverages available to include:
  • Business income (not to exceed 40% of account TIV)
  • Building ordinance
  • Full coverage A. B and C are sublimited to 10% of all building values (must meet year built requirements – please contact us for further information)

• Commercial occupancies
• HOAs, apartments and multi-unit condos are accepted (4-unit minimum)

Restrictions:

• Risks with tuck-under parking, poorer construction types or older construction will immediately be declined
• Location address used to search soils database to determine adequacy of soils
• Soft soil situations or very high liquefaction will prompt declination
• Renewals – property age requirements:
  • Wood frame: 1960 or newer
  • Wood frame above reinforced concrete garage: 1960 or newer
  • Reinforced joisted masonry (concrete block): 1965 or newer
  • Concrete tilt up: 1976 or newer
  • Reinforced concrete/steel frame/metal: 1970 or newer
• New Business – property age requirements:
  • Wood frame: 1970 or newer
  • All other construction classes: 1980 or newer
• All property locations will be inspected to verify submitted information is accurate
• 25% minimum earned premium
• No single-family dwellings
• No HOAs that consist of only common area values

Quote Online at ArrowheadExchange.com

• Go to ArrowheadExchange.com, select Producer and login
• Select Commercial Earthquake on your left navigation, then click Get a Quote or Renewal Quote
• Enter underwriting information
• Premium indication will emailed within one business day
• Option to print a quote form to present to your client
• Request to bind coverage online. Arrowhead reviews all submissions before coverage can be bound
• Required upon binding:
  • Surplus lines information
  • Inspection contact and phone
  • Mortgage and loss payee info (if applicable)
• Payment terms are the same as our standard program requirements
  • An agency check must be received within 30 days of the month which a policy is effective
• Policy issued after binding
• Quotes are good for up to 90 days

NOTE: You cannot bind the same day. You must request to bind the day before you need coverage.