Phone conversation between Mr. Brown, principal at a Texas insurance agency and Ms. Jones, regional marketing contact at Victor O. Schinnerer & Co.
Ms. Jones (MJ): “I noticed you have only submitted residential applications through our online broker portal. Did you know we write commercial risks?”
Mr. Brown (MB): “You write commercial projects?!”
MJ: “Yes, we expanded our Builders Risk program to include commercial projects in 2016.”
MB: “I have an application on my desk right now for a new hotel and was planning to submit through your competitor’s portal. Does your online portal accept commercial projects?”
MJ: “Absolutely. You can submit commercial, residential, and renovations projects through our portal.”
MB: “Renovations projects too?! That is so great to know. I primarily write commercial risk and renovations and never thought of using Victor O. Schinnerer & Co. Thank you so much for reaching out.”
Mr. Brown entered the hotel project into the Schinnerer online broker portal as soon as he hung up the phone.
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Value of the project: $16,500,000
Construction type: Masonry Non Combustible (MNC)
Total insured value: $17,350,000
Required soft costs: $850,000.
The risks of the project met all underwriting guidelines for
the Schinnerer Builders Risk program, however due to the
higher project value, underwriting review was required. A
member of the underwriting team reached out to Mr. Brown
within an hour of submitting the application to request a
“scope of work” and inform him that a 1 percent wind deductible was required for the project location. Mr. Brown provided the necessary information right away and received
a competitive quote by the end of the day.
Schinnerer’s online broker portal allows you to enter a submission in less time, requiring 15 percent fewer “clicks” than the competition.
Schinnerer’s online broker portal accepts submissions for new commercial, new residential and renovation projects.