The program will provide a property & casualty package, along with a high limits umbrella and other coverage for historic properties throughout the United States. Qualifying exposures include hotels, museums, theaters, commercial buildings, commercially operated historic homes and preservation organizations.
Through Distinguished’s Historic Properties Program, property owners will have the necessary coverage to hire skilled craftsmen, acquire unique construction material as well as pay for the extra time needed to rebuild due to the labor-intensive process of historic preservation. The program also includes assistance with additional professional services, such as a certified historic appraisal, coverage to help support recertification and the maintenance of historic tax credits.
“We’re extremely proud to launch the Historic Properties Program. This program fuses much of our 30-years of insurance program expertise in real estate, cultural institutions, hospitality and restaurants”, noted Brooks Chase, President of Distinguished Specialty, a division of Distinguished Programs specializing in the hospitality and real estate industry. “By offering such a meaningful program to historic property owners, we’re eliminating the biggest concern of many such property owners – being able to replace or repair their building with like kind and quality.”
Property coverage will be based on historic valuation, with replacement costs dedicated to restoring special architectural detail and features matching the original quality, craftsmanship and material. Additional coverages are available, including general liability, auto, fine arts and umbrella/excess with limits up to $300 million.
The Distinguished Historic Properties Program will be offered to and distributed by retail brokers working with Distinguished Programs.
For more information, please contact Brett Borelli: (917) 438-6628, firstname.lastname@example.org or visit www2.distinguished.com/historic.
About Distinguished Programs
Distinguished Programs is a leading national insurance Program Manager providing specialized insurance programs to brokers and agents with specific expertise in Real Estate, Community Associations, Cultural Institutions and Hospitality & Restaurants. Property and liability products are distributed through a national network of agents and brokers. Serving the same core markets and partnering with the most stable and reputable carriers, Distinguished Programs’ high limit umbrella programs remain the clear choice in its areas of specialty for superior coverage, competitive pricing, and attentive service. Through thoughtful innovation, streaming back to 1987, Distinguished Programs fosters growth and opportunities for its brokers, carriers, and employees. www.distinguished.com.