NYPIUA OFFERS THE FOLLOWING COVERAGES:
- Fire Insurance, Lightning and Explosion
- Extended Coverage - Windstorm, Hail, Riot, Riot attending a strike,
Civil Commotion, Damage due to Aircraft, Damage due to Vehicles, and
Smoke
- Vandalism & Malicious Mischief (Not available for vacant or
unoccupied buildings)
- Sprinkler Leakage
- Time Element: Business Income for manufacturing, non-manufacturing and rental properties;
Extra Expense; Leasehold Interest; and Tution Fees.
REMEMBER:
- BOTH Producer and Insured must sign the e-commercial application.
- Enter proper deposit using a checking account.
- Answer all questions completely.
- Give complete description of property and address.
DEPOSIT SCHEDULE:
Determine the deposit premium as per the following schedule:
Commercial Buildings ......$150.00 for each $50,000 of coverage or any fraction thereof.
Commercial Contents ......$150.00 for each $50,000 of coverage or any fraction thereof.
No additional deposit is required if Extended Coverage, Vandalism &
Malicious Mischief, Time Element, or Sprinkler Leakage are
requested.
Calculate deposits separately for building and contents.
( Click here to Calculate Deposit Amount)
(THE PREMIUM ACCEPTED WITH THIS
APPLICATION IS FOR DEPOSIT PURPOSES ONLY. ACCEPTANCE OF A DEPOSIT IS NOT
AN AGREEMENT TO INSURE. IF COVERAGE IS DECLINED, THE DEPOSIT WILL
BE RETURNED.)
BINDING DATES:
- 12:01 AM standard time, on the day after receipt, unless a later date is
specified.
- 12:01 AM standard time, 17 days after receipt on vacant or
unoccupied buildings.
- 12:01 AM standard time, 17 days after receipt on risks previously
cancelled by the Association.
VACANT OR UNOCCUPIED BUILDINGS ARE INSURABLE IF:
BUILDINGS UNDER REPAIR OR RECONSTRUCTION(RENOVATION):
Buildings under repair or reconstruction are insurable if kept secured
when workers are not present. ( Click here to see part C of UA-484).
UA-484 FORM MUST BE FILLED OUT WITH APPLICATION.
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