A unique property Insurance solution for a difficult market.
Everyone is struggling to get Property Insurance at sensible prices and deductible levels in weather prone States. Hartwell has the solution.
Hartwell has created a Captive Property Insurance Program for Primary and Deductible buy down layers that responds to client needs in hours.
It is a multi participant cell, meaning any number of insureds can participate. Having set up the captive already, the client is no longer required to pay set up fees.
Each Participant gets their own policy, there is no risk sharing and no premium pooling (this is NOT a Group Captive). Even better, there is no need to collateralize the Captive, using Hartwell’s method of post loss funding the costs to participating in a captive have been all but removed. So client’s get the coverage they need, at prices they can afford, without the need to capitalize a Captive Cell.
Timelines and Processes
1. Price Indication
Use our online Instant Price Calculator for an immediate indication of your quote
OR contact us directly via email or phone to discuss your requirements
2. Discussion of Terms
Discuss terms and conditions required by client
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3. Firm Order
Client issues “Firm Order”
4. Management and Participation Agreements
Hartwell creates a Management and a Participation Agreement for the client based on their supplied information
Client signs and returns Management Agreement
Client signs and returns Participation Agreement
5. Ring Fenced Bank Account
Premiums are paid into a bank account opened solely for this program
6. Issue and Insure
Hartwell issues a policy on behalf of the captive