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NSU Offers Two New Property Facilities [ Download PDF ] Media Contact: February 24, 2004 Bellevue, Washington - NSU Property, a division of National Specialty Underwriters, Inc., today announced a new facility to serve retail agents and brokers seeking commercial property insurance. Tom Egan, Sr. Vice President at NSU’s Boca Raton, Florida branch, explains: “We are pleased to provide our customers with a new program that addresses the need for fairly priced property capacity in what is still a tough marketplace for real estate risks.” “We have a property insurance program that is national in scope. We teamed with London & Great American Custom to establish a proprietary and exclusive underwriting facility available in all 50 states. We refer to this facility as First Choice Property. We have been granted authority to offer $50 million of in-house property capacity. Additional limits, up to $500 million are available. This is comprehensive property coverage at competitive rates for hotels, mercantile buildings, shopping centers, office buildings, or condominium associations. We are excited about the potential for this program. It will be very streamlined and flexible. We can tailor our product to fit the client profile, whether it is a single, large value location, or a multi-state schedule. Underwriting credits are available for favorable risk characteristics including loss history, construction type, sprinkler system, central station alarm and others.” “For those interested, further details are provided on both programs on our website at www.NSUI.com.” About National Specialty Underwriters, Inc. |
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