Allegany Insurance Group

Carrier appetite summary

Jurisdiction & distribution: • Personal and commercial P&C carrier operating in New York and Pennsylvania via independent agents. Homeowners guidelines in the current product guide are explicitly labeled for New York risks.([alleganygroup.com](https://www.alleganygroup.com/?utm_source=openai)) Preferred Homeowners (NY): • Target risk: 1‑family, owner‑occupied, permanent and primary residence with superior maintenance and strong condition of all systems. • Condition requirements: no unrepaired conditions or uncorrected fire/building code violations; roof replaced within last 25 years (tile / similar “lifetime” roofs excepted); central/thermostatically controlled heat; circuit‑breaker electrical. Knob‑and‑tube or aluminum wiring is ineligible. • Structure restrictions: log homes ineligible (refer to Standard HO); wood stoves allowed only as secondary heat, UL‑listed and NFPA 211 compliant; may not be primary heat; any solid‑fuel stove in a garage/other structure is ineligible. • Coverage requirements: Coverage A minimum $100,000; minimum 90% replacement cost on Coverage A. Includes ML‑5 Special Form, ML‑150B Homeowners Plus with $5,000 water damage (buy‑up options), and ML‑55 replacement cost on contents. • Declines/refer: on‑premise business (contact UW to discuss), prior cancellations/non‑renewals/claims/non‑pays/bankruptcy/foreclosure, swimming pool slides and unfenced in‑ground pools, vacancy, space heaters, coverage lapse, multiple or business‑entity ownership. Named insured cannot be an LLC or corporation. Standard Homeowners (NY): • Target risk: owner‑occupied 1–2 family permanent/primary residences not meeting Preferred criteria but in good condition. • Condition & RC: 80–100% Coverage A replacement cost; dwelling and plumbing/heating/electrical/roof in good repair with no violations; roof ≤25 years (except “lifetime”); central or thermostatic heat; circuit breakers only; knob‑and‑tube and aluminum wiring ineligible. ACV coverage available. • Wood/solid‑fuel: same as Preferred—wood stoves allowed only as compliant supplemental heat; not primary; no solid‑fuel units in garages/other structures. • Declines/refer: same general list as Preferred. On‑premise business requires UW discussion; adverse prior history (cancellations, non‑renewals, non‑pays, bankruptcy, foreclosure); no more than 3 property losses totaling $10,000 in 5 years without UW approval; swimming pool slides/unfenced in‑ground pools; vacancy; space heaters; coverage lapse (contact UW); multiple or business‑entity ownership; named insured cannot be an LLC/corp. Seasonal Homeowners (NY, upstate only for some options): • Target risk: seasonal dwellings not rented more than 6 weeks/year (if more than 6 weeks, consider Landlord or Dwelling Fire – available Upstate NY only). • Condition & RC: 80–100% Coverage A replacement cost; same dwelling/system condition standards as Standard HO (good condition, no violations; roof ≤25 years; central/thermostatic heat; circuit‑breaker electrical only). • Coverage form: ACV available upon underwriting discussion; Basic Form perils may be used for open‑pier foundations with UW approval. • Heat/solid‑fuel: solid‑fuel stoves allowed only as UL/NFPA 211‑compliant supplemental heat; not primary; any solid‑fuel stove in a garage/other structure is ineligible; notify UW if coal or pellet‑burning unit. • Access & protection: risk must be accessible year‑round; must be <5 miles from a fire department (UW approval if >5 miles). • Forms: ML416 and Seasonal application required. • Unacceptable: mirrors Standard HO unacceptable characteristics, including adverse loss/non‑pay history, vacancy, space heaters, coverage lapse, prohibited pools, multiple or business‑entity ownership and LLC/corp named insureds. Day Care Homeowners (Upstate NY only): • Target risk: NYS‑licensed child day‑care providers operating from a dwelling. • Licensing/coverage: insured must hold a NYS daycare license and maintain a separate professional day‑care liability policy with an admitted “A+”‑rated carrier; proof required with submission. • Property standards: 80–100% Coverage A RC; same good‑condition system requirements as Standard HO (roof ≤25 years, central/thermostatic heat, circuit breakers; no knob‑and‑tube or aluminum wiring). ACV may be considered with UW discussion. • Declined exposures: solid‑fuel burners/wood stoves, any swimming pools, prior cancellations/non‑renewals/claims/non‑pays/bankruptcy/foreclosure, vacancy, space heaters, coverage lapse (refer to UW), multiple owners/business entities, and LLC/corp named insureds. Non‑Standard Homeowners: • Purpose: accommodates higher loss frequency or non‑pay history similar to Standard HO but with additional rating/underwriting controls; always requires prior UW approval. • Loss thresholds: generally allows 1–4 property losses within 5 years, with no more than 3 in the last 3 years; theft losses limited to 2 in 5 years and 1 in 3 years. Excessive/large losses or significant non‑pay can still disqualify the risk. • Deductibles: minimum deductibles scaled to prior loss count and severity—see manual or contact an underwriter. Tenant Homeowners (HO4): • Target risk: tenants, permanent or seasonal. • Minimum limits: minimum personal property $7,000 ACV or $10,000 RC. • Declines: prior cancellations/non‑renewals/claims/non‑pays/bankruptcy/foreclosure; pool slides/unfenced in‑ground pools; vacancy; space heaters; coverage lapse; multiple ownership/business entities; named insured cannot be LLC/corp. Condominium Homeowners: • Target risk: condo units used as permanent, seasonal, or rented to others for 6 weeks or less. • Coverage: Coverage A includes additions/alterations, improvements, fixtures, appliances, and related private structures solely owned by the insured. Includes $5,000 personal property and $2,500 loss assessment coverage by default. • Declines: similar to Tenant/Standard HO—adverse prior history (contact UW for review), pool slides/unfenced in‑ground pools, vacancy, space heaters, coverage lapse, multiple ownership/business entities, LLC/corp named insureds, and student housing. Mobile Homeowners (includes Seasonal & Tenant MO‑4): • Target risk: owner‑occupied mobile homes that are permanent and primary residences; seasonal and tenant variants available. • Eligibility: home age 10 years or newer; RC available only for homes 6 years old or newer. Minimum Coverage C $7,000. Rental/mobile homes may be placed in the Dwelling Fire program. • Declines: prior cancellations/non‑renewals/claims/non‑pays/bankruptcy/foreclosure; pool slides/unfenced in‑ground pools; vacancy; space heaters and any solid‑fuel burning stoves; coverage lapse (UW contact); multiple ownership/business entities; LLC/corp named insureds; inaccessible locations. Dwelling Fire 1–4 Family: • Role: flexible placement for varied construction types, ages, values, and occupancies. • Acceptable occupancies: owner‑occupied (primary or seasonal), tenant‑occupied 1–4 family dwellings, farm structures, builders’ risk/under renovation, vacant or for‑sale dwellings, low‑market‑value risks. • Ownership: multiple or business ownership allowed if all individuals and primary addresses are listed and property‑manager info is provided. • Pools: swimming pools allowed on owner‑occupied risks if no slide; self‑locking gate for above‑ground; fenced for in‑ground. Any pool at tenant‑occupied locations is unacceptable. • Declines: solid‑fuel stoves or space heaters at tenant‑occupied, rented manufactured/mobile homes, or older manufactured/mobile homes; bankruptcy/foreclosure; student housing. Landlord – Standard & Preferred: • Target risk: 1–4 family tenant‑occupied dwellings and 3–4 family owner‑occupied dwellings. • Coverage structure: RC and ACV options similar to Standard HO; ACV only on Forms 1 & 2; Form 3 required for RC. • Condition for RC: same as Standard HO—good condition, no violations; roof ≤25 years; central/thermostatic heat; circuit‑breaker electric; knob‑and‑tube/aluminum wiring ineligible. • Tenant coverage requirement: tenant HO4 policy required for owners for contents and CPL coverage. • Ownership & geography: follow Dwelling Fire guidance for multiple or business‑entity owners; out‑of‑state/absentee landlords are not eligible. Common underwriting themes & broker notes: • Personal lines appetite centers on well‑maintained, primarily owner‑occupied residential risks with modernized core systems and good loss history, in NY (and more broadly the group serves NY & PA via independent agents). • Business‑entity or multiple‑owner structures are generally not acceptable for HO, seasonal, condo, tenant, or mobile home forms and must instead be considered in Dwelling Fire or Landlord programs where specific conditions are met. • High‑risk features regularly declined or triggering UW involvement: space heaters; solid‑fuel stoves as primary heat or in garages/other structures; knob‑and‑tube or aluminum wiring; old roofs; unfenced or slide‑equipped pools; vacancy; significant prior loss or non‑pay history; lapses in coverage. • Submissions involving on‑premise business, ACV instead of RC in HO/Seasonal/Daycare, or edge‑case distance‑to‑fire‑dept, pool, or heating scenarios are explicitly directed to contact Underwriting for review. • Agents should use appropriate program‑specific applications (e.g., Seasonal with ML416; documentation of daycare licensing and separate professional liability) and be prepared to document occupancy, maintenance/updates to roof and systems, ownership structure, and any prior loss history at time of submission.

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