Bamboo: Unacceptable Risks

What risks are unacceptable by Bamboo Insurance?

The Company will not accept the following risks:

1. Properties with a Fireline score higher than 3, or any property which, in the underwriter’s judgment, presents an excessive wildfire risk, unless the policy is endorsed with form DIC (Difference in Conditions Endorsement) and has a California FAIR Plan or equivalent policy concurrently in-force for the same premises.
2. Properties that are isolated or inaccessible to firefighting or other emergency equipment or services.
3. Properties located in historical or current landslide or mudslide areas.
4. Properties located in a neighborhood with homes on the same block that do not show pride of ownership such as boarded up, condemned, visibly unoccupied properties or properties in disrepair. When properties are physically inspected, the inspector will note whether homes on the block with the risk in question are boarded up or visibly unoccupied and underwriters will review and determine whether that presents an unacceptable risk to the proposed insured Underwriters may also use aerial imagery showing the risk under review and some portion of contiguous properties.
5. Any risk with a pool, hot tub, spa, or similar structure unless in compliance with municipal ordinances.
6. Any risk with a swimming pool where the pool is not completely filled and Fencing is required unless in a fenced community where covenants do not allow.
7. Dwellings built prior to 1900 (except qualifying renewals).
8. Mobile homes, trailers (including recreational and utility), modular homes, boats, houseboats, automobiles, basement homes, portable buildings, or any structure made of cloth or canvas.
9. Dwellings of unusual or irreplaceable construction or cantilevered construction.
10. Dwellings that are not of sound structure and are not maintained in an insurable condition showing pride of ownership.
11. Dwellings that are not on a permanent or solid foundation.
12. Dwellings on posts, stilts, or pilings. This does not include dwellings on a solid foundation with post and pier construction that creates a small enclosed crawl space under the dwelling.
13. Dwellings with tin, foam (except polyurethane foam systems), corrugated, wood (other than cedar shake) roofing, regardless of condition, or metal or copper roofs in poor condition.
14. Dwellings with flat tar and/or gravel roofs are acceptable; however, the dwelling will be subject to Endorsement RFAL, which limits coverage to the perils of fire and lightning for roof and ensuing damage due to roof failure.
15. Dwellings with roofs 25 years of age and older, or in poor condition (regardless of age), are subject to Endorsement BTV – RFALHO3 which limits coverage for roof and interior damage due to roof condition to perils of fire or lightning. Dwellings with roofs 20 to 25 years of age, or close to the end of their useful life, will be limited to Actual Cash Value coverage (ATTACH: Endorsement ACVROOF). This rule does not apply to tile roofs, including clay and concrete shingle tile roofs, in good condition. Roof age is determined through underwriting too; however, agents can modify if the roof age provided by the tool is not Underwriters will use aerial imagery tools with photos usually dated within 6 months of the policy effective date to evaluate roof condition in the case of disputed age or condition. Insureds can also upload roof photos of their own in the event of a dispute.
16. Dwellings with trees that overhang the roof of the Residence Premises.
17. Dwellings with wood, coal, pellet, or kerosene stoves or space heaters that are the main source of heat, whether or not permanently installed and whether or not thermostatically controlled.
18. Dwellings with any remodeling or construction performed without permits.
19. Dwellings undergoing extensive remodeling, renovation, or construction affect habitability.
20. Dwellings with unrepaired damage (including earthquake damage) and/or open or pending claims, and/or known potential (a) defects, (b) claims disputes, (c) property disputes, and/or (d) lawsuits.
21. Dwellings that do not have a fully functional fire extinguisher located on the premises.
22. Dwellings without 100% copper wiring.
23. Dwellings with any aluminum wiring.
24. Dwellings with any fuse(s) providing power to any portion of the dwelling.
25. Dwellings that do not have deadbolts on all doors that provide access to the dwelling and/or garage.
26. Dwellings without local, functioning smoke detectors.
27. Risks with pressurized polybutylene pipes.
28. Any building not constructed specifically to be a single-family dwelling, or any dwelling sharing common walls with other However, a unit that is part of a Townhouse or Row House and shares common walls with other units where the structural components of the unit are owned by the Named Insured can be written as a HO-3 risk. We will only accept Townhouse or Row House units within a building containing a maximum of 8 individual family units. Only one individual family unit may be insured by any one policy. Townhouse and Row House rating factors will be applied.
29. Risks not occupied within fifteen (15) days of the requested effective date.
30. Any applicant or dwelling that has had any of the following chargeable losses in the past 36 months: a) 2 or more theft losses; b) 1 theft loss and any other property and/or liability loss(es); c) more than 1 non-weather water losses, d) 3 or more property and/or liability losses of any kind. (Refer to the Prior Loss Surcharge for the definition of chargeable losses).
31. Risks participating in any State FAIR Plan or residual market pool, unless endorsement form BTV – DICHO3 (Difference in Conditions Endorsement) is attached to the HO-3 policy.
32. Risks with any business or illegal activity.
33. Risks with more than two non-pay cancellations with The Company in three years.
34. Risks with properties owned by a well-known personality (i.e.: political, entertainer, sports, etc.)
35. Corporate or Business owned dwelling or any dwelling titled in a corporate or business name (this includes a Land Trust), except that the Named Insured can be a Limited Liability Corporation (LLC) if the Managing Member is listed as an Additional Insured.