Vanderbilt provides an Excess Liability Insurance Program for high-end Co-op and Condominium buildings as well as other Commercial exposures throughout the nation.
Our program is written through a Risk Purchasing Group, which is a group of unrelated companies with similar or related liability risks. We are able to utilize group purchasing power to obtain lower pricing while providing broader coverage and service. (*)
As a member of our Risk Purchasing Group, each member has its own liability limit and does not share with any other participant. You will enjoy all the advantages an RPG provides over a traditional stand-alone policy, such as:
- Enhanced Coverage Terms
- Higher Policy Limits
- Lower Rates
- No Limit Sharing
Eligibility
Habitational Risks: Rental Properties, Townhouses, Condominiums, Cooperatives and Home Owners Associations (HOA).
Commercial Risks: Office, Retail, Strip Malls, Warehousing and Light Manufacturing.
Ineligible Risks: Manufacturers, Construction Companies, Enclosed Malls, Low Income Housing, Nightclub / Bars, Daycare Operations, Assisted Living Facilities & Nursing Homes, Hotels & Hospitality, Shopping Centers, Passenger Transportation, Hazardous Material and Chemical Storage Facilities, New Construction Operations / Wrap-ups / Builders Risk.
Available Limits
| $10,000,000 | $25,000,000 |
| $50,000,000 | $75,000,000 |
| $100,000,000 | $200,000,000 |
Location Eligibility
Nationwide Program with the exception of Texas, Hawaii and Alaska.
(*) Under the Federal Risk Retention Act of 1986, it is legal for such businesses to group together and use their group buying power to purchase liability insurance.