Commercial Property
Overview
When it comes to property coverage, Novum knows the top markets and coverage terms to secure for your clients. Our underwriting expertise allows us to work closely with our carrier partners to not only offer competitive rates, but more importantly, broad and adequate coverage for your unique property insured. We are committed to the highest professional and service standards to meet the needs of our retail agent partners.
Target Classes
Habitation
Restaurants
Wood Manufacturing
Light Manufacturing
Lessor's Risk Only
Janitorial Services
Financial Institutions
Nursing Homes
Lumberyards
Hotels / Motels
Grocery Stores
Schools
Assisted Living
Auto Service
Submit Property easily with Novum Online
Program Highlights
Building, BPP and BI limits available up to $100 million per location
Replacement cost, agreed amount and actual cash value available
All construction types eligible
Blanket coverage with no coinsurance available
Flood - up to $10 million
Earthquake - up to $10 million
EQSL - up to $10 million in any earthquake zone
Ordinance of Law - Coverage B&C - 10% of building value
Replacement cost over-limit protection - California only
Equipment Breakdown
Extended business income - 60 days
Tenants' Improvements and Betterments
Limited Water Damage