E&S Home Offering Two Quotes + Rental Coverage Option

May 16, 2022 | Bulletins, Homeowners

– NEW FOR E&S HOME –

Two Quotes + Rental Coverage Option

 

Two quotes are better than one.

When quoting E&S Home, you’ll now see two quotes, one through Clear Blue Specialty and one through Lloyd’s, if the risk is eligible for both programs.

Switching between quotes

When two quotes are available, you’ll see a summary panel on the left side of the quote screen. The top quote is what you are currently viewing on the right. To switch to the second quote and customize it, select it in the summary panel.

two-quotes-qrgs

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Hover over the quote in the summary panel for a quick view that includes basic coverages and deductibles.  Click “View QRG,” to open the program guide for more detailed coverage and eligibility info.

You must customize each quote separately. Changes do not sync between quotes. For example, changing Coverage A for Clear Blue Specialty will not change Coverage A for Lloyd’s.

How to pick the quote that meets your customer’s needs

Each carrier has its own eligibility rules, rates, and coverages. For example, Lloyd’s requires a $10,000 water sub-limit for all homes, while Clear Blue Specialty requires it if the home is older than 40 years. Lloyd’s offers short-term rental coverage; Clear Blue Specialty does not. Differences in coverage can be significant. To fully understand each program, and select the best coverage for your clients, use the quick guides. You can easily open QRG’s from the quote summary.

Quick Reference Guides For E&S Home Are Here

Visit the Quick Guides page on the ARC where you’ll now find QRG’s for all programs, including our E&S Home Programs for Clear Blue Specialty and Lloyd’s.

View Quick Guides

– NOW AVAILABLE THROUGH LLOYD’S –

Short Term Rental Coverage

 

It’s here! Swyfft now offers short-term rental coverage. Two types of risks are eligible:

  • Short Term Rental Homes (rented 21 weeks or less)
    View Form
  • 100% Owner Occupied Homes with Annual Tenant
    View Form

Because this coverage is available only through our Lloyd’s E&S Home Program, be sure to select a Lloyd’s E&S quote. As you are customizing the quote, you will be prompted to select the Residence Usage:

Select-Rental-Type

NOTE: Homes rented for more than 21 weeks, and fully rented homes that are not owner-occupied are ineligible for coverage.