Buildings, tenant improvements, stock, equipment, and scheduled property need values that match the applicant's actual financial interest.
Property and Package
Commercial Property.
A property file is a story about what can burn, break, blow away, or stop the business.
Commercial property insurance can cover scheduled buildings, business personal property, and time-element loss from covered causes. The placement becomes difficult when the location, construction, occupancy, protection, catastrophe exposure, valuation, or loss history no longer fits a standard property market.
Placement context
Facts to confirm before applying.
The statement of values is the spine of the submission, not an attachment to clean up later. If addresses, occupancies, construction, protection, roof age, and values do not reconcile, every market is solving a different risk. A clean file lets the underwriter picture the locations before asking the first question.
Coverage scope
What the coverage may address.
Business income, ordinance or law, equipment breakdown, and catastrophe perils are separate decisions, not automatic add-ons.
Valuation, coinsurance, deductibles, sublimits, exclusions, and protective safeguards can matter as much as the headline limit.
Real account work
Related case studies.
Reading a commercial property quote before binding
A retail agent asked about reducing liability on a property quote. Hedge clarified that the quoted limit applied to building and contents, explained the valuation terms, and handled the file through policy issuance.
Placement factors
Facts that affect placement.
- Coastal wind, wildfire, earthquake, flood, or other catastrophe exposure
- Older construction, vacancy, renovation, habitational, or mixed occupancy
- Large total insured values, layered programs, or unusual valuation needs
- Loss history, protection concerns, or business-income complexity
Coverage and access are separate questions
Coverage guidance does not confirm a current market route, quote, policy terms, or bind authority for a particular account.
Submission preparation
Prepare a consistent underwriting file.
Account narrative
Lead with the portfolio, not the premium target: who owns each location, what happens there, what is at risk, how it is protected, and which location drives the placement.
Include these facts
- Current statement of values with construction, occupancy, protection, and exposure details
- Valuation support, requested causes of loss, deductibles, and coinsurance terms
- Currently valued loss runs and remediation information
- Roof, electrical, plumbing, heating, occupancy, and catastrophe-control details
Resolve these questions before market review
- What property, business-income, and equipment values are being insured?
- How old are the buildings and major systems?
- What catastrophe, vacancy, renovation, or protection issues exist?
- Which deductibles, valuation methods, and coverage extensions are requested?
Submission errors
Avoid these three issues.
- An SOV with blank construction or occupancy fields and totals that do not match the application
- Calling a building updated without dates or scope for the roof, wiring, plumbing, and heating
- Requesting replacement cost, blanket limits, or broad catastrophe terms without valuation support
Hedge resources
Forms and class guidance.
Hedge forms
Review the form and download a fillable PDF.
Schedule of Locations Supplement
A fillable Hedge schedule for presenting multiple premises and location-level exposure information.
Vacant Building and Land Supplemental
A fillable Hedge supplemental for vacant buildings, vacant land, and renovation exposures.
Loss and Claims Supplement
A fillable Hedge supplement for organizing prior losses, claims, and open-claim detail for wholesale review.
Class guidance
Public, directional appetite to help prepare for account-specific review.
Related coverage
Review related exposures.
Property and Package
Builders Risk
The building changes every day. The submission has to explain what exists now and what will exist at completion.
Open coverageProperty and Package
Inland Marine
If the property moves, travels, is installed, or sits in someone else's care, the building policy may not be enough.
Open coverageCasualty and Excess
Commercial Umbrella and Excess Liability
More limit is not the same as more coverage.
Open coverageHedge review
Send the account for review.
You do not need a perfect packet to start. Send the account, requested line, effective date, current applications, available loss information, and the fact making the placement difficult. Hedge will separate missing information from market-ready information before any account-specific route is confirmed.