Homeowners Insurance Savings for Steel vs Frame*
Building Limit |
Construction |
Package
Premium |
|
|
|
$200,000 |
Frame |
$1,587 |
$200,000 |
Steel |
$1,120 |
|
|
|
$300,000 |
Frame |
$2,203 |
$300,000 |
Steel |
$1,541 |
|
|
|
$400,000 |
Frame |
$2,931 |
$400,000 |
Steel |
$2,037 |
|
|
|
$500,000 |
Frame |
$3,658 |
$500,000 |
Steel |
$2,536 |
|
|
|
$600,000 |
Frame |
$4,386 |
$600,000 |
Steel |
$3,034 |
|
|
|
$700,000 |
Frame |
$5,115 |
$700,000 |
Steel |
$3,532 |
|
|
|
$800,000 |
Frame |
$5,844 |
$800,000 |
Steel |
$4,030 |
|
|
|
$900,000 |
Frame |
$6,573 |
$900,000 |
Steel |
$4,528 |
*All indications are based on new construction and 2,100 sq. ft. outside of the Wind Pool (City Limits). Please call Laurie Adcock at 850-484-7011.
Commercial Insurance Savings for Steel vs Frame*
Building Limit |
Construction |
Wind Deductible |
All Other Perils Deductible |
Package Premium |
|
|
|
|
|
$300,000 |
Frame |
5% |
$1,000 |
$2,920.25 |
$300,000 |
Steel |
5% |
$1,000 |
$1,457.88 |
|
|
|
|
|
$300,000 |
Frame |
2% |
$1,000 |
$2,889.10 |
$300,000 |
Steel |
2% |
$1,000 |
$1,474.17 |
|
|
|
|
|
$500,000 |
Frame |
5% |
$1,000 |
$4,786.19 |
$500,000 |
Steel |
5% |
$1,000 |
$2,349.96 |
|
|
|
|
|
$500,000 |
Frame |
2% |
$1,000 |
$4,695.64 |
$500,000 |
Steel |
2% |
$1,000 |
$2,337.78 |
*Insurance premiums in this illustration are indications only and must be underwritten. Please call Leslie Merritt of McMahon Hadder at 850-430-1648.
Commercial Insurance Savings
for Builders Risk Insurance Steel vs Frame*
Construction |
Wind Deductible |
All Other Perils Deductible |
Rate per $100 of Value |
|
|
|
|
Frame |
3% |
$1,000 |
.40 |
Steel |
3% |
$1,000 |
.24 |
Example
$500,000 Building limit would cost for FRAME, a premium of $2,000.
For STEEL, a premium of $1,200.
- For Frame structures with an estimated completed value in excess of $1,000,000, add .05 to the appropriate annual base rate.
- All other commercial construction types with an estimated completed value in excess of $1,000,000, add .05 to the appropriate annual base rate.
- For any structure exceeding $500,000 in protection classes 9 and 10, add .10 to the appropriate annual base rate shown above.
All Builders Risk policies must be underwritten to confirm premium.
Please call Leslie Merritt of McMahon Hadder at 850-430-1648. |
