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ACE appoints PRIME as the only insurance retailer in the country to offer new Vacant Property Program

PRIME insurance is pleased to announce our recent appointment with the ACE Insurance company. ACE Insurance Co is a leading global insurance company with offices throughout the globe.

ACE appoints PRIME as the only insurance retailer in the country to offer their new very competitive Vacant Property program.

  • The Program provides Property and Liability coverage for vacant properties and vacant land.

Here are some of the program highlights:

  • 24 hour turnaround on all quotes and binders/policies
  • Opportunity to provide feedback on product positioning
  • Final Platform – Estimated 2014
    • Self-service Quote/Bind/Issue system – clearly outlines coverage and terms available
    • Commission incentive for do-it-yourself
  • Key Selling Features:
    • Broad coverage
    • ISO commercial policy forms (CG0001 & CP0010)
    • Less use of restrictive endorsement usage
    • No use of contractual liability limitation, punitive damages exclusion or classification limitation endorsement
    • Ability to consider Special Form/Replacement cost on vacant buildings older than 25 years
    • Will consider buildings up to 50 years with warrants building updates using company developed protective safeguards endorsement
    • Ability to consider $3M in TIV for Frame; $5M for all other construction
    • No length of vacancy restrictions
    • No per location minimum premium charge
    • Ability to offer short term policies/no minimum earned premium endorsement
    • US based carrier, with local claims handling
    • A++ paper

The Prime Insurance Agency is independently owned and locally operated to handle your insurance needs. We offer affordable and reliable insurance choices all across New Jersey.

We will help you find the right combination of tailored, personalized insurance coverage at just the right price to fit your needs.

Prime Insurance Agency strives to offer you quality insurance coverage, a high level of professional service and a long-term relationship. As independent insurance agents in Lakewood, we’ll research rates and coverage to find the best insurance rates and insurance plans for you.

We do the insurance shopping and comparing for you to save you time and money!

Contact us or request a quote online today!


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