New Program for Concrete Pumpers-April 2009

ASI's Programs Unit Proudly Announces the Launch of 3 New Programs

Equity Protection Program

ASI’s equity protection program targets credit unions and small regional banks which offer second mortgages, home equity loans and home equity lines of credit. Coverage will only be available on new loans with a maximum loan amount of $150,000 or where the maximum loan amount is less than or equal to 10% of the expected policy year volume of loans insured. It is available in all states except Connecticut, Delaware, Iowa, Florida, Michigan, Nevada and Oklahoma. This program is offered through program manager Phoenix Underwriting Managers. If you would like further information about this facility please contact Jamie Sahara or click here.

Extended Equipment Warranty Program

The extended warranty program targets manufacturers and dealers of heavy equipment and machinery. The policy provides an extended warranty after the manufacturer’s warranty expires for up to five years or certain number of operating hours for that particular piece of equipment. It is available on a non-admitted basis in all states except Connecticut, Delaware, Iowa and Oklahoma. This program is offered through program manager Glynn General Corporation. If you would like further information about this program please contact either Jock Cockroft or Slade Rowland. Click here to visit their website.

New York Inner City Habitational Program

The New York habitational program offers general liability and property coverage to inner city habitational units located in Brooklyn and Queens, New York. Limits include:

-$1,000,000 total insured value per location
-$1,000,000 per occurrence and $2,000,000 general aggregate
-$1,000 deductible

This program is offered though program manager Roundhill Express LLC. For further information about this facility please contact either Jim Lambert or Phil Lambert at (718) 576-2680 or click here.