Broome Co-operative Insurance Company
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Carrier appetite summary
Carrier is a regional mutual based in Vestal, NY writing primarily in New York. Current published company-wide underwriting guidelines are effective 1/1/2022 and apply across personal and commercial lines unless otherwise noted. Preferred business - Well-maintained, owner-occupied 1–4 family dwellings and small commercial risks with good loss history, up-to-date utilities/roofs, and no significant uncorrected hazards. - Accounts with stable occupancy/operations, customary construction (frame, masonry, masonry veneer), and normal protection (public fire protection, code-compliant wiring and heating). - Policies supported by complete applications, accurate prior carrier and loss information, and compliance with inspection recommendations within required timeframes. Restricted / higher-scrutiny risks - Older buildings with outdated wiring, heating, or roofs; buildings with knob-and-tube or aluminum wiring, space heaters, or wood/pellet stoves typically require inspection, documentation of updates, or may be subject to conditions/decline depending on severity. - Risks with prior losses, lapses in coverage, or indications of poor maintenance may be written only with management approval, special conditions, or surcharges. - Certain occupancies and operations (e.g., mercantile with heavier fire load, restaurants with cooking exposures, habitational with multiple units) may be subject to tighter limits, mandatory protective safeguards (UL-approved central station alarms, automatic extinguishing systems, etc.), or referral to underwriting for review of values, protections, and housekeeping. Declined / generally unacceptable risks - Properties with serious physical hazards or unrepaired damage (e.g., severe roof disrepair, structural deficiencies, long‑term vacancy or abandonment). - Risks with known criminal activity, arson, fraud indications, or misrepresentation on application. - Properties or operations that fall outside published guidelines for construction, occupancy, protection or exposure, or that fail to comply with required remedial actions after inspection. Geographic notes - Company focuses on regional New York business; underwriting considers local fire protection and distance to responding fire department, brush/woodland exposure, and catastrophe-prone locations. - Locations in areas with poor fire protection, difficult access (private/unmaintained roads, limited year‑round access) or unusual exposure (adjacent to high‑hazard industry) are subject to restriction or declination based on inspection. Submission and processing expectations - New business selection is emphasized; producers are expected to submit complete ACORD and supplemental applications as applicable, including detailed building, occupancy, and prior loss information. - All risks are subject to interior and/or exterior inspection; coverage can be adjusted, surcharged, conditioned, or cancelled/non‑renewed if the inspection reveals material issues not disclosed at submission. - Producers should not bind risks that clearly fall outside the published guidelines without prior underwriter approval. Company‑level credits or debits may be applied to commercial lines based on risk quality and underwriting review. Broker / producer notes - Agents are directed to use the online portal (AgentConnect/InsConnect) for rating, issuing and managing policies and to monitor underwriting memos or bulletins for any program- or territory-specific updates. - Underwriting guidelines are a framework, not a substitute for individual risk evaluation; producers are instructed to contact the assigned underwriter early for borderline accounts or material deviations from guidelines and to promptly communicate and document any changes in occupancy, operations, or protection on in‑force accounts.