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Coverage Details for RELP
Target Premium
SIR
Limits
Forms
$15,000
$10,000
$50,000,000
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Features Display Table
Features for
RELP
- Sudden and gradual coverage for third-party liability claims including on-site bodily injury and property damage
- Defense costs within limits of liability
- Coverage for remediation expense of pollution conditions on, at, under or emanating from covered locations
- Coverage tailored to meet individual specific requirements of insured
- Policy terms up to ten years in duration
- Tail coverage provided for divested property
- Ability to cover underground storage tanks, contingent transportation and non-owned disposal site
- Coverage for mortgage impairement for the loss of all or a portion of the outstanding principal balance as a result of pollution conditions
- Coverage for expenses incurred in investigation, adjustment or defense of claims
- Policy trigger defined as a mortgage loan default and the filing of a claim against the client for pollution conditions or simple discovery of pollution conditions
Required Information Display Table
Required Information for
RELP
- Existing Environmental Studies or Documentation
- Copy of Lender's Environmental Risk Management Operations Procedure Manual or comparable documentation
- Environmental Risk Assessment Survey by an XL Environmental Underwriting approved engineering firm
- Three (3) years Loss and Premium History
- Two (2) years Financial Statements
- XL Environmental Underwriting Real Estate Pollution Application with all attachments (one application can be used for multiple locations)
Applications
Policy Forms
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