The Residential Rental property market has recently experienced a severe contraction in available capacity, requiring more than one carrier to share in the risk. SSRU provides quota share Property capacity for residential rentals across Canada in all provinces (excluding Quebec).
SSRU targets newer, purpose built, luxury rentals.
Non-lead Quota-share Capacity limits of up to CAD 25M.
Premiums start at $7,500, net of commission
Minimum deductibles: $100,000 Flood/Sewer Backup/Water Damage, $25,000 PD
Earthquake 5% / $100,000 (assessed by Cresta zone)
Bespoke treaty with a Canadian domiciled Reinsurance panel led by an A rated Canadian owned insurer
SSRU maximum line 50% of TIV
Incidental commercial occupancy is acceptable