Real Estate

PHLY E&S provides comprehensive CGL and Property Coverage on select real estate exposures.

Real Estate

PHLY E&S will selectively entertain real estate exposures that require a unique approach toward the business. Accounts selected will encompass superior characteristics including fire/ life safety standards, loss control/ mitigation standards, and those willing to partner with PHLY in controlling both the frequency and severity of liability claims.

Underwriting Contact

Scott Bayer, SVP
Product Manager
Scott.Bayer@phly.com

For new business inquiries, please call 855.585.6322 or submit an application to ESsubmissions@phly.com.

Vacant Property

Target Classes

  • New construction that is not yet occupied
  • New property acquisitions
  • Real estate development property not yet under construction
  • Foreclosed vacant properties
  • Properties available for lease, not yet occupied
  • Buildings awaiting renovation

Unacceptable Classes

  • Sites or buildings with known pollution exposures
  • Parks
  • Urban vacant lots
  • Lots used for local RV recreational activities
  • Lakes or ponds
  • Condemned buildings (Unless there is an acceptable plan for demolition to occur within a short period of time. Property coverage is not available on condemned buildings)

Commercial Office Building

Target Classes

  • Parking lots/ garages
  • Combined office/ retail/ Mixed use
  • Warehouse/ Industrial

Unacceptable Exposures

  • Non-sprinklered over 5 stories
  • Existing mold & asbestos issues

Property

  • Commercial property coverage up to $10M per risk
  • Ability to write coastal risks including Wind & Hail Coverage (depending on state and distance to coast)
  • Equipment Breakdown Including Spoilage Coverage available as optional coverage
  • Property Enhancement Endorsement available including Money & Securities, Backup of Sewers and Drains, and other additional coverages


Environmental - Up to $25M in limits

Excess Casualty

Financial Security

  • AM Best rated A++
  • Standard & Poor's Assigned A+

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