We have developed a risk purchasing group for umbrella liability policies underwritten through AXA XL Company and Chubb Group of Insurance Companies. Currently, we have four umbrella policies available in limits of $5 Million, $10 Million, $15 Million, and $25 Million limits with AXA XL Company – Greenwich Insurance Company.

We also have an additional product for a total of $50,000,000, which is provided by AXA XL Company for the first $25,000,000 and Chubb Group of Insurance Companies for an additional $25,000,000.

• The financial security of AXA XL Company is currently rated A XV from AM Best as well as A with Standard and Poors, Moody’s and Fitch.
• The financial security of Chubb Group of Insurance Companies receives consistently high ratings for financial strength from A.M. Best,
• Moody’s and Standard & Poor’s, the leading independent analysts for the insurance industry.
• Coverage E of the form is an absolute following form umbrella. This means the umbrella policy will follow the underlying package exactly. It will rely on the definitions used in the underlying; if coverage exists there it will be covered under this policy as well; unless specifically excluded.
• Developer Sponsored Boards are Eligible!
• High Rise Associations & Apartments to thirty-five (35) stories are eligible. Higher stories may be eligible by referral.
• Excess of Directors & Officers, General Liability, Automobile, Employee Benefits, Employers Liability, Including Employment Practices Liability* (*if covered under the D&O). Follow Form EPLI is only available for the AXA XL program limits of $5,000,000 to $25,000,000.
• The Chubb Group of Insurance Companies excess policy excludes follow form EPLI.

Best’s Rating A-VII or better

• Following Form Named Insured
• Following Form General Liability
• Following Form Directors & Officers Liability Following Form Provisions
• Following Form Liquor Liability
• Following Form Automobile
• Following Form Employers Liability
• Absolute Pollution Exclusion
• Following Form Employee Benefits Liability
• Following Form Personal Injury
• Following Form Aggregate Per Location
• NJ State Amendatory
• $10,000 Coverage B Self Insured Retention NY Only
• Certified Act of Terrorism Retained Amount Provisions -Coverage U
• Disclosure of Terrorism

• Absolute Lead Exclusion (Coverage E&U)
• Fungus Liability Exclusion
• Earthquake Exclusion
• Flood Exclusion
• Care, Custody or Control Exclusion
• Absolute Pollution with Hostile Fire Exception Exclusion
• Errors and Omission Exclusion (Real Estate Agent)
• Designated Operation or Work Performed Exclusion (Contractor’s)
• Medical Payments Exclusion
• Communicable Disease Exclusion
• Other exclusion may be applicable based on state requirements

Our members range from small startup associations to large multi-thousand unit complexes. New Construction, associations currently under development, builder/developer controlled associations, established associations, Homeowners Associations, Planned Unit Developments are all eligible for coverage under the program.

No matter what your size, Preferred Property Program® is your choice for quality insurance protection at competitive prices.

** Minimum Premiums for AXA XL Company are $750, $1,250, $1,650, $2,200 and $3,700 for AXA XL Company and Chubb $50,000,000 combined limit