Tell me about UPC…
- UPC began in 1999 and is approved to do business in the following coastal states, with others pending: MA, RI, NJ (COA approved, but rates not filed), NC, SC, FL, and TX (COA approved, but rates not filed)
- UPC is rated ‘A’ with Demotech
Do you write secondary homes?
- Yes, and the primary is not required to write the secondary
What kind of minimums are needed to partner with UPC through Breakwater?
- A $25,000 minimum premium per year is required to become a Broker with Breakwater
- Brokers can get a direct appointment if they can get to $1,000,000 in 3 years
How is billing handled?
- Direct Bill is offered
What about rating?
- Easy online rating and upload are offered
- The agent has binding authority
Tell me about the Arbella connection…
- Arbella gives a 10% credit on Auto if the Homeowners is written with UPC
- UPC gives a 10% credit on Homeowners if the Auto is written with Arbella
- Arbella will write an Umbrella over Arbella Auto and UPC Homeowners
What about Flood?
- UPC is a servicing carrier for National Flood
- If Home and Flood are with UPC, UPC gives a 5% credit on the Home and Dwelling Fire
- Brokers are required to complete Flood applications
What can you tell me about Hurricane deductibles?
- Customers can choose from $500 up to 10% (5% in RI) and it doesn’t matter where the risk is located
What are the commission rates?
- Commission rates are 15% for Homeowners and Flood and 10% for Dwelling Fire
- Commissions are paid directly from UPC
What other kinds of credits are available?
- Loss free credit 5-25% (no losses last 3 years)
- Mature Owner credit (15% one insured > age 50)
- New Home Credit 5-10%
- Water Loss Prevention Credit 5% (need certification)
- Safe Home Credit 10% MA/15% RI (no dogs, no pool, no wood stove, no smokers)
- Alarm Credits
- Stretch Endorsements