AI Risk-at-a-Glance (.pdf)
Overview of AI Risk product offerings.
AI Risk Personal Lines (.pdf)
An overview of the benefits and features of AI Risk LexElite program for Personal Lines Homeowners insurance.
Builder's Risk (for personal lines)
Builder's Risk offers coverage to insureds during the construction of a home (ground up or mid-term projects) or for existing homes under renovation.
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Features and Benefits
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- Builder’s Risk polices can be converted to a full homeowners policy upon completion of construction
- Optional coverages available include premise liability, theft of building materials and extended coverages
- Uses Personal Lines Homeowners Form (HO-3 ISO 2000)
- Can be written for mid to high value properties countrywide
Marketing Materials
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Claims
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Contact your broker directly with your First Notice of Loss or e-mail/fax the information directly to Lexington.
Fax: 866-603-5519
lexingtonhomeownerproperty@aig.com
For more information, visit www.lexclaims.com
Applications and Forms
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The applications below are for the exclusive use of licensed surplus lines insurance brokers. As a surplus lines insurer, Lexington Insurance Company does not accept applications from or provide quotes to individuals.
Homeowner Application (.doc)
Application form for Lexington Insurance Company's LexElite program for Personal Lines Homeowners insurance.
Builders' Risk Supplement (.doc)
Supplemental application for Lexington Insurance Company's LexElite Personal Lines Homeowners Builder's Risk Insurance.
Historic Rehabilitation Tax Credit Insurance
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HRTC insurance is designed to help protect owners, developers and/or tax credit investors against the potential loss or recapture of the rehabilitation tax credit for the full duration of the exposure- through a qualifying property's rehabilitation and first five years of occupancy. Coverage for the rehabilitation and recapture period is issued on two separate policy forms, which can be purchased together or separately.
Enhancement to Lexington's Builder's Risk Insurance
A separate HRTC policy can be purchased as an enhancement to Lexington's Builder's Risk insurance. During rehabilitation HRTC insurance is designed to pay for the Loss of rehabilitation tax credits if: a covered causality results in significant property damage, and as a result of that property damage, the amount of tax credit qualifying rehabilitation tax expenditures is reduced from that anticipated at the start of the project.
- Builder's Risk minimum premium of $25,000
- HRTC coverage-minimum additional premium of $10,000
- Up to $40M in aggregate limits
- Term commensurate with Builder's Risk policy
- Optional enhancement that extends coverage for consequential losses
Post-Occupancy Coverage
Upon occupancy, HRTC insurance can be purchased to protect against "recapture" of the tax credit taken. During the recapture period, HRTC insurance is designed to pay Loss due to recapture of the rehabilitation tax credit if: a covered casualty results in significant property damage, and as a result of that property damage, the Internal Revenue Service (IRS) disqualifies all or part of the tax credit taken at occupancy.
- Minimum premium if $10,000
- Up to $40M in limits
- Up to five year terms
- Optional enhancement that extends coverage for consequential losses