Historic property under renovation

[wornout]

Looking to place a habitation risk that is on states preservation list. Before I go to E&S, anyone have success with niche carriers? Building value is $70M in Pittsburgh. Any post renovation carrier suggestions? Non renewed due to carrier appetite

 

[Al3x Lee]

Just send it to E&S, the property & builders risk market is garbage right now. If it's in the middle of renovation you're going to have a real fun time trying to place it.

At least on the west coast it is

 

[marindependent]

Ive never written a property such as this before, so this may be a dumb question.

Are there admitted insurers that write $70MM historical properties in Penn, even without the reno component?

 

[NY independent]

Historical landmark properties are the kiss of death. $70 mill is another problem. This is E&S and will be layered by 4+ carriers. My guess is north of $200K just for the property. Prepare to get your hands dirty.